For Wells Fargo, this may be the bottom.
Baird Equity Research is telling its readers to catch that falling knife ahead of Tuesday's Senate hearing, where lawmakers will grill CEO John Stumpf about Wells Fargo's customer account fraud.
Analysts on Monday upgraded Wells Fargo's rating from neutral to outperform and assigned a price target of $50 per share to its stock, coming less than two weeks after the bank's shares began a tumble that would cost them more than 10 percent of their value. The stock was changing hands at around $46 on Monday.
"The stock has gone from loved to loathed in two to three weeks," analysts wrote, "and we believe the sell-off creates a good relative buying opportunity."