Wells Fargo & Company (WFC)’s Risk/Reward Looks Compelling, Says BofA

Wells Fargo & Company (NYSE:WFC) is among the most profitable US stocks to buy. On January 7, BofA Securities increased its price target on Wells Fargo & Company (NYSE:WFC) to $107 from $100 with an unchanged ‘Buy’ rating on the stock. Ebrahim Poonawala, an analyst at the firm, pointed out that the company’s current valuation is discounted relative to its peers, offering an attractive risk/reward profile. BofA Securities suggested this valuation gap could narrow in the times ahead if the company’s manage ...