Wells Fargo price target raised to $88 from $83 at Evercore ISI

Evercore ISI raised the firm’s price target on Wells Fargo (WFC) to $88 from $83 and keeps an Outperform rating on the shares. Following the bank’s Q4 report, the firm is raising its 2025 and 2025 EPS estimates by 5% to $5.97 and 7% to $7.15, noting that its revisions are largely driven by stronger net interest income and margin results as well as a “more constructive outlook.”