Vetr Crowd Downgrades Wells Fargo

The Vetr community on Thursday downgraded shares of Wells Fargo Company (NYSE: WFC) from 3.5 stars (Buy) to 3 stars (Hold). Crowd sentiment on the stock today is mixed to positive, with 57.1 percent of users giving the stock a Buy rating, 14.3 percent a Hold and 28.9 percent a Sell.

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At time of publication, Wells Fargo shares were trading down 3.3 percent at $50.96. The Vetr crowd is bullish on the stock in the long run, with an aggregated price target of $54.10 implying 6 percent projected upside.

This echoed analyst outlook, which is strongly bullish. Among analysts, the 12-month consensus price target on the stock is at $64, implying a heavy projected upside.