Analysts Conflicted on These Financial Names: Wells Fargo (NYSE: WFC), Horizon Bancorp (NASDAQ: HBNC) and Univest Corporation Of Pennsylvania (NASDAQ: UVSP)

By Austin Angelo

Analysts have been eager to weigh in on the Financial sector with new ratings on Wells Fargo (NYSE: WFC), Horizon Bancorp (NASDAQ: HBNC) and Univest Corporation Of Pennsylvania (NASDAQ: UVSP).

Wells Fargo (NYSE: WFC)

In a report issued on July 28, Kevin Barker from Piper Jaffray reiterated a Hold rating on Wells Fargo (NYSE: WFC), with a price target of $52. The company’s shares closed on Friday at $53.30.

According to TipRanks.com, Barker is a 5-star analyst with an average return of 9.3% and a 69.1% success rate. Barker covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, Huntington Bancshares Inc, and Cathay General Bancorp.

Currently, the analyst consensus on Wells Fargo is Hold and the average price target is $54.89, representing a 3.0% upside.

In a report issued on July 14, Oppenheimer also reiterated a Hold rating on the stock.
Horizon Bancorp (NASDAQ: HBNC)

Piper Jaffray analyst Matthew Clark reiterated a Buy rating on Horizon Bancorp (NASDAQ: HBNC) on July 28 and set a price target of $32. The company’s shares closed on Friday at $26.69.

According to TipRanks.com, Clark is a 3-star analyst with an average return of 2.4% and a 57.4% success rate. Clark covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pacific Premier Bancorp Inc, and First Bancorp Puerto Rico.

Horizon Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $31.

Univest Corporation Of Pennsylvania (NASDAQ: UVSP)

Piper Jaffray analyst Matthew Breese reiterated a Buy rating on Univest Corporation Of Pennsylvania (NASDAQ: UVSP) on July 28 and set a price target of $33. The company’s shares closed on Friday at $30.35, close to its 52-week high of $31.50.

According to TipRanks.com, Breese is a 4-star analyst with an average return of 9.6% and a 74.1% success rate. Breese covers the Financial sector, focusing on stocks such as Western New England Bancorp Inc, First Connecticut Bancorp Inc, and Provident Financial Services.

Currently, the analyst consensus on Univest Corporation Of Pennsylvania is Moderate Buy and the average price target is $33, representing an 8.7% upside.

In a report issued on July 27, KBW also reiterated a Buy rating on the stock with a $33 price target.

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