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published in Blogs
Jan 04, 2022
Wells Fargo (WFC, $50.73) gets rating boost from Barclays

Wells Fargo (WFC, $50.73) gets rating boost from Barclays

Barclays boosted its rating on Wells Fargo shares, citing higher interest rates and improved internal controls.

Barclays raised rating on Wells Fargo to overweight from equal weight, mentioning that the stock is expected to gain the most of its coverage universe from higher interest rates. It has also made significant investments in control function since its retail banking sales practice issues came to light, Barclays analyst Jason Goldberg wrote in a commentary cited by CNBC.

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