 鲜花( 1394)  鸡蛋( 16)
|
Credit Suisse upgrades Wells Fargo to outperform
9 }, R% W8 K1 _7 R" o6 E5 T% h3 ^) p
By John Spence
/ p9 J$ k5 l0 Z9 q; B9 E6 N+ M3 j9 t& z$ r: B
5 |5 b3 n* \' U- K$ ^BOSTON (MarketWatch) -- Credit Suisse analysts on Monday upgraded shares of Wells Fargo & Co. (WFC:Wells Fargo & Company: N# l/ a! s* ?8 z2 D
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."
* l: m# {% n4 U3 Z! C
' X4 F) O3 b* @) P根据这条新闻,是不是该买入了? |
|