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Credit Suisse upgrades Wells Fargo to outperform/ B9 L8 c1 U$ V' }1 |
$ S5 F; z$ W! x4 J6 N% k' tBy John Spence, }' F6 t8 u' v
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BOSTON (MarketWatch) -- Credit Suisse analysts on Monday upgraded shares of Wells Fargo & Co. (WFC:Wells Fargo & Company
9 Q/ X- D# W6 N/ {WFC 28.62, -0.88, -3.0%) to outperform from neutral, but cut their price target on the stock to $38 from $40. After raising $11 billion through issuing common stock last week and capital injections from the government, Wells Fargo "has substantially improved its balance-sheet flexibility and potential earnings power to navigate a more severe economic downturn," Credit Suisse said in a note to clients. The analysts wrote Wells Fargo, which is in a deal to acquire Wachovia Corp.'s (WB:Wachovia Corp WB 5.48, -0.04, -0.7%) banking operations, has earnings diversity and more balance-sheet flexibility that favorably positions the company to produce "meaningful upside earnings surprise" in 2009 and 2010 "even against the backdrop of a worsening economic environment."/ X. N* \! {+ y U i5 z- k
9 P: `' W, n& b9 M* x* _2 L+ D7 d根据这条新闻,是不是该买入了? |
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