| 2019-04-12 19:40:50|
WFC 19:40 04/12 04/12/19
Wells Fargo downgraded to Neutral from Conviction Buy at Goldman Sachs
Goldman Sachs analyst Richard Ramsden downgraded Wells Fargo to Neutral from Buy and removed the shares from his firm's Americas Conviction List following this morning's Q1 results. The company's operating leverage trends are "impaired," Ramsden tells investors in a research note. Wells closed the trading day down 3%, or $1.25, to $46.49.