Truist raised the firm’s price target on Wells Fargo (WFC) to $88 from $86 and keeps a Buy rating on the shares as part of a broader research note updating the firm’s models on U.S. Banks. The firm is boosting its EPS estimates for FY25 by 15c to $16.15 on more optimistic assumptions for second-half fee revenues and a higher pace of share buybacks, partially offset by lower net interest income, the analyst tells investors in a research note.
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