Analyst Picks: 3 Bank Stocks to Buy in 2018
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
The new year is almost upon us, and a new tax law has just been passed in Congress and signed by the president. It's time to buy some bank stocks -- or so says Wall Street.
This morning, analysts at Buckingham Research announced they are upgrading shares of Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM). Both of these bank stocks are receiving new buy ratings. Wells Fargo's price target goes to $75 a share (a 31.5% hike), while JPMorgan Chase's target goes up 35% to $135 a share.
Source: Fool.com