Wells Fargo (WFC) suffers its 2nd downgrade in two days, with Sandler O'Neill cutting to Hold...


Wells Fargo (WFC) suffers its 2nd downgrade in two days, with Sandler O'Neill cutting to Hold from Buy (yesterday). The moves come ahead of Friday's earnings report which is expected - among other things - to at least partly reflect the backup in interest rates and halt to the refinance boom. Shares -0.8% premarket.

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  • db313706
    , contributor
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    Wasn't this already priced in when the analysts did their same Buy/Outperform/Hold dance several weeks ago around $41/40? Whatever, healthy financials so they can argue if they choose to.
    10 Jul 2013, 08:04 AM Reply Like
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