Odeon Capital downgraded Wells Fargo to Hold from Buy with a $48.80 price target. Wells reported earnings of 86c per share in Q4, but there appears to have been 43c in net one-time charges, suggesting operating earnings of $1.29 per share in the quarter, notes the analyst. Wells “may not be able to replicate this result until mid-2026,” so even though the bank’s strategy makes sense, it “may be tough going for the stock,” the analyst tells investors.
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