JPMorgan Chase & Co. Cuts Wells Fargo & Company (NYSE:WFC) Price Target to $86.50

JPMorgan Chase & Co. has lowered its price target for Wells Fargo & Company (NYSE:WFC) from $91.00 to $86.50, maintaining a “neutral” rating despite Wells Fargo beating its Q1 EPS estimates. This new target suggests a potential upside of 5.01% for the stock. Despite various adjustments from other firms, analysts generally hold a “Moderate Buy” consensus with an average price target of $97.53, while insiders have recently sold approximately 115,000 shares.

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