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Trending: Wells Fargo Active After Goldman Sach Analyst Buy Rating

14:51 ET -- Wells Fargo & Co. is among the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Wells Fargo stock is up about 3% to $41.43 in Monday trading after Goldman Sachs analyst Richard Ramsden upgraded the shares to Buy from Neutral with a target price of $48 a share. "In a recessionary scenario, we see WFC as having less credit risk downside than peers given below average loan growth in recent years and less credit card skew," he wrote in a note to clients. Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)

 

(END) Dow Jones Newswires

October 03, 2022 15:06 ET (19:06 GMT)

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