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Analysts Conflicted on These Financial Names: Ares Management (ARES), Wells Fargo (WFC) and Zions Bancorporation National Association (ZION)

Tipranks - Wed Jul 22, 5:42PM CDT

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Ares Management (ARES), Wells Fargo (WFC) and Zions Bancorporation National Association (ZION).

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Ares Management (ARES)

In a report released today, Michael Cyprys from Morgan Stanley assigned a Hold rating to Ares Management, with a price target of $160.00. The company’s shares closed last Tuesday at $120.78.

According to TipRanks.com, Cyprys is a 3-star analyst with an average return of 1.4% and a 49.2% success rate. Cyprys covers the Financial sector, focusing on stocks such as Virtus Investment Partners, Intercontinental Exchange, and Acadian Asset Management. ;'>

Ares Management has an analyst consensus of Strong Buy, with a price target consensus of $146.40, implying a 21.1% upside from current levels. In a report issued on July 13, BMO Capital also maintained a Hold rating on the stock with a $128.00 price target.

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Wells Fargo (WFC)

In a report issued on July 16, Stephen Biggar from Argus Research maintained a Buy rating on Wells Fargo. The company’s shares closed last Tuesday at $87.74.

According to TipRanks.com, Biggar is a 5-star analyst with an average return of 16.5% and a 69.1% success rate. Biggar covers the Financial sector, focusing on stocks such as Apollo Global Management, Royal Bank Of Canada, and American Express. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wells Fargo with a $99.96 average price target, representing a 15.3% upside. In a report issued on July 14, TipRanks – PerPlexity also upgraded the stock to Buy with a $101.00 price target.

Zions Bancorporation National Association (ZION)

Morgan Stanley analyst Manan Gosalia maintained a Buy rating on Zions Bancorporation National Association today and set a price target of $77.00. The company’s shares closed last Tuesday at $69.05.

According to TipRanks.com, Gosalia is a 4-star analyst with an average return of 8.9% and a 60.3% success rate. Gosalia covers the Financial sector, focusing on stocks such as Valley National Bancorp, Bank of New York Mellon, and Huntington Bancshares. ;'>

Currently, the analyst consensus on Zions Bancorporation National Association is a Hold with an average price target of $74.00, which is an 8.8% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $79.00 price target.

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