Morgan Stanley raised the firm’s price target on Wells Fargo (WFC) to $88 from $84 and keeps an Overweight rating on the shares. After disappointing on net interest income in 2024, guidance for 2025 growth of 1%-3% year-over-year was about 6% above consensus, the analyst tells investors. Wells is modestly asset sensitive, so higher for longer rates is a positive, added the analyst. Following the report, the firm is increasing its 2025 EPS view 7.4% to $6.26 and its 2026 EPS forecast by 7.9% to $7.36.
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