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A statement released earlier today by Jefferies & Co about Wells Fargo & Company (NYSE:WFC) ups the target price to $62.00

Yesterday Wells Fargo & Company (NYSE:WFC) traded -0.35% lower at $52.73. The company’s 50-day moving average is $52.89 and its 200-day moving average is $53.57. The last stock close price is down 3.54% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 6,736,498 shares of the stock were exchanged, down from an average trading volume of 17,264,400

In a report released on 6/08/2017 Jefferies & Co increased the stock price target of Wells Fargo & Company (NYSE:WFC) to $62.00 reporting a potential upside of 0.18%.

Previously on 5/15/2017, Evercore ISI reported about Wells Fargo & Company (NYSE:WFC) lowered the target price from $60.00 to $58.00. At the time, this indicated a possible upside of 0.09%.

See Chart Below

Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company has a 52 week low of $44.28 and a 52 week high of $59.99 with a P/E ratio of 13.66 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 29 firms have issued a report on the stock. The consensus target price is $55.14 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Wells Fargo & Company (NYSE:WFC)

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

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