** RBC Capital Markets upgrades Wall Street giant Wells Fargo WFC.N to "outperform" from "sector perform"
** Says recent stock weakness gives investors a good entry point to buy WFC's stock
** Brokerage expects WFC to execute on its growth plan to achieve its profitability target once the asset cap is lifted, which should result in a higher valuation over time
** Says optimization of expense levels is another driver of profitability for WFC, adding that costs could shrink further from current levels once regulatory issues are resolved
** Sixteen of 23 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $86, per data compiled by LSEG
** WFC stock down 2% YTD after 42.7% jump in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。