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Fly News Breaks for January 15, 2020
WFC
Jan 15, 2020 | 07:31 EDT
BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo to $53 and kept his Market Perform rating after its Q4 earnings miss and the management's indication that the company's "road to recovery" would take more time. The analyst adds that Wells Fargo's strategic review will still require "much of this year to complete" as he sees better investment opportunities elsewhere in his coverage universe.
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