Keefe Bruyette analyst David Konrad raised the firm’s price target on Wells Fargo (WFC) to $86 from $81 and keeps a Market Perform rating on the shares. The bank’s outlook “wins the day” with stronger net interest income growth of 1% to 3% in 2025 while the expense outlook was relatively in line with expectations, the analyst tells investors in a research note. Keefe is more constructive on the shares following the quarter, saying Wells is transitioning from cutting costs to revenue growth.
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