HSBC initiates coverage of Wells Fargo&Co at 'hold' with a price target of $45.00

An analyst from HSBC initiated coverage of Wells Fargo &Co (NYSE: WFC ) at 'hold' with a price target of $45.00.
Prior to this rating, Wells Fargo&Co had 18 buy ratings, 9 hold ratings, and 0 sell ratings.
For consensus analyst estimates and price targets on Wells Fargo&Co, click here. For more news on Wells Fargo&Co, click here.
Wells Fargo&Co's stock price closed at $41.02. They are down -6.18% in the last month and down -9.31% in the last 12 months.
According to Investing Pro, Wells Fargo&Co's fair value is $47.05, an upside of 14.69%. Wells Fargo&Co's fair value comes with a medium degree of uncertainty, according to InvestingPro.
Check out Wells Fargo&Co's recent earnings performance and financials here.

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