7/109 sources · 7 publishersUpdated Oct 8, 20:50 UTC
Morgan Stanley upgrades Wells Fargo to Overweight with $102 price target
Morgan Stanley raised Wells Fargo’s rating to Overweight and set a $102 price target. The firm expects net interest margin to stabilize near 2.42% in early 2027 and rise to 2.49% by late 2027, with return on tangible common equity reaching 18% by 2028. The upgrade implies roughly 27% upside and the bank’s dividend yields 2.3% with a 26% payout ratio.
Why it matters
Morgan Stanley says the $102 target suggests about 27% upside, indicating potential price appreciation if earnings improve as projected (source 2). The bank’s 2.3% dividend yield and strong three‑year dividend growth offer an attractive income component for investors (source 8).
Key facts
- 1Morgan Stanley upgraded Wells Fargo to Overweight and set a $102 price target. investing.com
- 2The upgrade implies about 27% upside from the recent close. cnbc.com
- 3Shares rose roughly 1.4% in trading after the upgrade. gurufocus.com
- 4Morgan Stanley projects net interest margin to hold near 2.42% in Q1 2027 and rise to 2.49% by Q4 2027. investing.com
- 5The firm expects return on tangible common equity to reach 18% by 2028. cnbc.com
- 6Wells Fargo’s dividend yield is 2.3% with a 26% payout ratio and 15.6% three‑year dividend growth. gurufocus.com
Open questions
- Share price reaction reported as 1.4% rise (source 8) versus 2.0% pre‑market rise (source 3).
- Implied upside cited as 27% (source 2) versus 24% average target from other analysts (source 2).
Summary written by AlphAI from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.