** 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))
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