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Credit Suisse upgrades Wells Fargo to outperform
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By John Spence8 c7 L" F5 d2 m+ n0 Y
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BOSTON (MarketWatch) -- Credit Suisse analysts on Monday upgraded shares of Wells Fargo & Co. (WFC:Wells Fargo & Company
; ^: {7 `8 _8 Y9 v" BWFC 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."7 |9 H* n, T1 ^+ c `
7 _7 `4 P/ I: Z, T" X根据这条新闻，是不是该买入了？ |
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发表于 2008-11-10 20:57
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发表于 2008-11-10 21:08
