Wells Fargo stock gets a downgrade. The analyst behind the call breaks it down
Welcome back. Raymond James downgrading Wells Fargo to market perform from strong buy this week, saying near-term upside in the share price is limited. The downgrade comes ahead of earnings next week with Wells, JP Morgan, and City reporting on Tuesday.The analyst behind that call joins us now, David Long of Raymond James. Thank you for being here. I think this is an important distinction to make because there are a lot of questions right now.We've seen such a tremendous runup in these big uh six US bank st ...