Wells Fargo (WFC) Upgraded to Buy: What Does It Mean for the Stock?
Wells Fargo(WFC) ZACKS·2024-12-05 02:00
Investors might want to bet on Wells Fargo (WFC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earni ...