's stock had its "hold" rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a report issued on Tuesday, October 3rd. They presently have a $11.50 price objective on the financial services provider's stock.
Wells Fargo & Co received a cease-and-desist order Friday from the Federal Reserve that will limit asset growth to $1.95 trillion pending compliance, board oversight and risk management improvements. The threat to net income prompted a number of Monday downgrades, with Morgan Stanley and JPMorgan assigning Underweight ratings and Citigroup and Keefe, Bruyette & Woods downgrading to Neutral or Market Perform.