Truist and Evercore Lower Wells Fargo (WFC) Price Targets, Stay Bullish

Wells Fargo & Company (NYSE:WFC) is one of the 11 Most Profitable Cheap Stocks to Invest In Now. On January 15, Truist Securities reduced its price target on Wells Fargo & Company (NYSE:WFC) from $104 to $100 and kept its Buy rating. The firm reduced its EPS estimates for 2026 and 2027 mainly because of lower expected fee income and higher expenses.

Truist Securities lowered its 2026 EPS forecast for Wells Fargo & Company (NYSE:WFC) from $7.15 to $6.95 and its 2027 EPS forecast to $8.00, which is  $0.15 less than its earlier forecast. The research firm updated its outlook to incorporate about 5% annual revenue growth and expense growth of 1-2% over the next two years. This aligns with the company’s updated expense guidance of about $55.7 billion in 2026.

Also on January 15, Evercore ISI lowered its price target on Wells Fargo & Company (NYSE:WFC) from $110 to $105 and kept its Outperform rating. This decision came after the company reported Q4 2025 results.

Evercore ISI reduced its EPS estimates for 2026 and 2027 by 1% and 2%, respectively, to $7.17 and $8.32. These revisions reflect expectations of slightly lower net interest income.

Wells Fargo & Company (NYSE:WFC) is an American multinational financial services company that provides a wide range of banking, investment, and mortgage products and services. The company also specializes in consumer and commercial finance.

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