Wells Fargo has made notable adjustments to its price forecasts, raising targets for Target Corporation and Caterpillar Inc., while decreasing its outlook for Vistra Corp. The firm cited a solid earnings beat from Vistra but is responding to short-term market volatility, highlighted by a 5% drop in Wells Fargo shares year-to-date amid broader market shifts. Additionally, insider transactions and low trading volumes reflect a cautious approach as analysts assess future growth prospects in key sectors.
“On February 27, Wells Fargo analyst Edward Kelly raised the firm’s price recommendation on Target Corporation (NYSE:TGT) to $130 from $115. The analyst reiterated an Overweight rating on the shares.”
“On February 27, Wells Fargo lowered its price recommendation on Vistra Corp. (NYSE:VST) to $234 from $236. It maintained an Overweight rating on the shares.”
“The firm said the company delivered a solid earnings beat and provided long-term guidance that aligned with expectations.”
“Wells Fargo & Co · has traded contracts · options volume · 64,425”
“Wells Fargo & Co · represents underlying shares · traded contracts · 6.4 million”
“Wells Fargo & Co · has average daily trading volume · past month · 15.8 million”
“Wells Fargo & Co · has percentage of average daily trading volume · traded contracts · 40.8%”
“Wells Fargo & Co · has high volume for call option · $82 strike · 3,003 contracts”
“Wells Fargo & Co · represents underlying shares for $82 strike · call option · 300,300”
“Wells Fargo · saw · insider transaction · 60,000 shares sold”
“Wells Fargo · upgraded · Alphabet · to Overweight from Equal weight”
“Wells Fargo · cited · Alphabet's industry-leading capacity position · to support internal efforts and monetization capabilities”
