Sep. 20 at 7:58 AM
$NFLX Why should Wells Fargo’s price target have any real merit when evaluating NFLX?
Wells Fargo has a well-documented history of regulatory problems—from the fake account scandal to the
$2.09 billion penalty over allegations that it misrepresented the quality of loans used in residential mortgage-backed securities.
Given that history, investors should at least question how much weight to put on a Wells Fargo price target. If anything, I’d be skeptical of simply following their recommendation on NFLX.
