Wells Fargo's stock price plummeted 5.02% during intraday trading on Friday, marking a significant downward movement for the financial services company.
The sharp decline followed news that Evercore ISI analyst John Pancari lowered the firm's price target on Wells Fargo to $98 from $105, representing a reduction of approximately 6.7%. The analyst maintained an Outperform rating on the shares despite the lowered price target.
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