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Post# of 1947
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conix

Re: None

Monday, 07/24/2017 2:51:24 PM

Monday, July 24, 2017 2:51:24 PM

Post# of 1947
Wells Fargo & Company (NYSE: WFC) was downgraded to Sell from Neutral and its already sub-current price target of $45 was reportedly cut down to a $35 price target in the call (versus $54.88 close) at Berenberg Securities.

The firm believes that Wells Fargo’s competitive advantages have eroded and that its franchises face limited or no real growth, and its size was also large enough that Wells Fargo is likely to fight industry trends.

Successful Trading is the art of minimizing long term risk and maximizing capital allocation.

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