Evercore ISI raised the firm’s price target on Wells Fargo to $71 from $68 and keeps an Outperform rating on the shares. Coming out of Wells’ Q3 results, the firm is positively revising its 2025 and 2026 EPS estimates by 4% to $5.38 and $6.56 from $5.16 and $6.31, respectively, the analyst tells investors. The firm remains constructive on shares post Q3 results as Wells’ improving fundamental story is intact and management “successfully reset the bar for NII into year-end at a better-than-feared level.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WFC:
- Wells Fargo price target raised to $62 from $60 at Piper Sandler
- Wells Fargo price target raised to $75 from $66 at Barclays
- Wells Fargo price target raised to $61 from $60 at Keefe Bruyette
- Wells Fargo price target raised to $68 from $64 at Goldman Sachs
- S&P 500 Closes Above 5,800 for the First Time