** 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))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。