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Fly News Breaks for December 21, 2017
WFC
Dec 21, 2017 | 07:46 EDT
As previously reported, Buckingham upgraded Wells Fargo to Buy from Neutral and raised its price target to $75 from $57. Analyst James Mitchell raised estimates to reflect "sizable" earnings leverage from the lower tax rate and views valuation as attractive and expectations as low. Mitchell expects Wells Fargo's operating leverage to build in 2H18 and sees the potential for a large capital return in June.
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