Wall Street Bullish on Wells Fargo & Company (WFC)

Wells Fargo & Company (NYSE:WFC) is one of the Blue Chip Stocks to Buy with the Lowest PE Ratios. On August 20, Wells Fargo & Company (NYSE:WFC) announced a $1 million investment to support small businesses in South Dakota, targeting rural and tribal communities. Wall Street has been bullish on the stock since the announcement.

Management noted that the money will be split evenly between Akiptan and GROW South Dakota. Akiptan is a Native-led financial institution focused on agriculture, whereas GROW is a statewide economic development group helping small businesses grow.

Several analysts have reiterated their bullish stance. For instance, earlier on August 31, John Pancari from Evercore ISI reiterated a Buy rating on Wells Fargo & Company (NYSE:WFC) while raising the price target from $91 to $94. More recently, on September 4, Scott Siefers from Piper Sandler also reiterated a Buy rating on the stock with a price target of $87.

Wells Fargo & Company (NYSE:WFC) is a financial services firm offering banking, investment, mortgage, and lending products.

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Disclosure: None. This article is originally published at Insider Monkey.