UPDATE: Sterne Agee Raises PT on Wells Fargo & Co. on 1Q13 Earnings
April 15, 2013 at 12:18 PM EDT
In a report published Monday, Sterne Agee analyst Todd L. Hagerman reiterated a Buy rating on Wells Fargo & Co. (NYSE: WFC ), and raised the price target from $38.00 to $42.00. In the report, Hagerman noted, “Earnings momentum remains sluggish as core revenues slipped a bit more than expected