Baird Sees Reduced Downside Risk for Wells Fargo & Company (WFC), Rating Raised to Neutral

Wells Fargo & Company (NYSE:WFC) ranks among the best spring stocks to buy right now. On February 13, Baird raised Wells Fargo & Company's (NYSE:WFC) rating to Neutral with a $85 price target, citing a recent slump as rendering the stock's valuation more realistic and reducing downside risk, though growth forecasts remain high. The firm noted the broader selloff in bank stocks has impacted the risk-reward balance, leading to a more cautious outlook on Wells Fargo & Company (NYSE:WFC). Wells Fargo & Company ...