Wells Fargo Gets a Hold from Credit Suisse

By Jason Carr

In a report released yesterday, Susan Roth Katzke from Credit Suisse maintained a Hold rating on Wells Fargo (NYSE: WFC), with a price target of $58. The company’s shares opened today at $52.36.

According to TipRanks.com, Katzke is a 5-star analyst with an average return of 18.2% and a 68.5% success rate. Katzke covers the Financial sector, focusing on stocks such as Goldman Sachs Group Inc, Citizens Financial, and State Street Corp.

Currently, the analyst consensus on Wells Fargo is Hold and the average price target is $57.64, representing a 10.1% upside.

In a report issued on April 10, Piper Jaffray also upgraded the stock to Hold with a $55 price target.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Last month, Enrique Hernandez, a Director at WFC bought 8,029 shares for a total of $479,572.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.