NEW YORK (TheStreet) -- Shares of Wells Fargo (WFC) - Get Wells Fargo & Company Report were up in early-afternoon trading on Tuesday as KBW analysts view the San Francisco-based company as an investment and said investors should buy in while "the opportunity still presents itself," according to Barron's.
The firm said it ranks Wells Fargo as its "best idea," despite recent rates and earnings that were lower than expected.
Additionally, at its current valuation, Wells Fargo is cheap relative to its peers, KBW noted.
Other bank shares have rallied recently due to the prospect of higher short-term rates, but Wells Fargo stock hasn't reacted as strongly because it's viewed as less asset sensitive, the firm added.
KBW said this fact has lent itself well in terms of Wells Fargo's valuation, because other companies like Morgan Stanley have valuations that are more dependent "upon up markets and better trading environment."
The firm maintains an "overweight" rating on shares of Wells Fargo.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Wells Fargo as a Buy with a ratings score of B. This is driven by several positive factors, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and attractive valuation levels. The team feels its strengths outweigh the fact that the company shows weak operating cash flow.
You can view the full analysis from the report here: