Sterne Agee analyst Todd Hagerman rates Wells Fargo buy, with a $42 price target, and said in a note to clients on April 15 that "we continue to believe the shares present a favorable risk/reward for investors looking for a discounted stock with above average profitability, yet has meaningful earnings leverage potential heading into 2014."
Hagerman estimates that Wells Fargo will earn $3.65 a share for all of 2013, with EPS rising to $4 in 2014.
Interested in more on Wells Fargo? See TheStreet Ratings' report card for this stock.-- Written by Philip van Doorn in Jupiter, Fla. >Contact by Email. Follow @PhilipvanDoorn