By: Benzinga
February 11, 2013 at 08:33 AM EST
UPDATE: Stifel Nicolaus Upgrades Wells Fargo to Buy on Strong Management, Profitability
Stifel Nicolaus upgraded Wells Fargo (NYSE: WFC ) from Hold to Buy and announced a $42.00 price target. Stifel Nicolaus noted, "The historical P/E mulitples for our large cap bank universe range between 10.0.x-12.0x forward earnings. We believe WFC's strong management team, superior profitabilty and high quality franchise warrants at
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