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Credit Suisse upgrades Wells Fargo to outperform6 C% m' f: _) c! z. I' M. ]
2 t3 H. w$ c& JBy John Spence
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+ l3 h6 q9 E4 Z0 j& U0 ?BOSTON (MarketWatch) -- Credit Suisse analysts on Monday upgraded shares of Wells Fargo & Co. (WFC:Wells Fargo & Company+ l8 ]- Q: U1 l( n8 {
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."3 A4 R( H9 E: E! u9 p2 |
+ V- M' _, N1 j5 T& U5 K6 @根据这条新闻,是不是该买入了? |
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