Analysts Bullish on Top Financial Picks

By George MacDonald

There’s a lot to be optimistic about in the Financial sector as 1 experts just weighed in on Wells Fargo & Company (NYSE: WFC), Bank of America (NYSE: BAC) and Citizens Financial Group (NYSE: CFG) with bullish sentimens.

Wells Fargo & Company (NYSE: WFC)

Deutsche Bank analyst Matt O’Connor reiterated a Buy rating on Wells Fargo (NYSE: WFC) on July 28 and set a price target of $59. The company’s shares closed last Friday at $47.97.

According to TipRanks.com, O’Connor is a 3-star analyst with an average return of 1.6% and a 58.6% success rate. O’Connor covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Goldman Sachs Grp.

Currently, the analyst consensus on Wells Fargo is Moderate Buy and the average price target is $54.05, representing a 12.7% upside.

In a report issued on July 18, RBC Capital also reiterated a Buy rating on the stock with a $54 price target.
Bank of America (NYSE: BAC)

Deutsche Bank analyst Matt O’Connor reiterated a Buy rating on Bank of America (NYSE: BAC) on July 28 and set a price target of $17. The company’s shares closed last Friday at $14.49.

According to TipRanks.com, O’Connor is a 3-star analyst with an average return of 1.6% and a 58.6% success rate. O’Connor covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Goldman Sachs Grp.

Currently, the analyst consensus on Bank of America is Strong Buy and the average price target is $17.22, representing a 18.8% upside.

In a report issued on July 18, UBS also maintained a Buy rating on the stock with a $18 price target.
Citizens Financial Group (NYSE: CFG)

In a report issued on July 28, Matt O’Connor from Deutsche Bank reiterated a Buy rating on Citizens Financial (NYSE: CFG), with a price target of $25. The company’s shares closed last Friday at $22.33.

According to TipRanks.com, O’Connor is a 3-star analyst with an average return of 1.6% and a 58.6% success rate. O’Connor covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Goldman Sachs Grp.

Currently, the analyst consensus on Citizens Financial is Moderate Buy and the average price target is $24.70, representing a 10.6% upside.

In a report issued on July 21, UBS also reiterated a Buy rating on the stock with a $27 price target.