First Union Corp. and Wells Fargo & Co. are the early spring favorites of Wall Street analysts, according to data compiled for American Banker by First Call Corp.

As of March 15, the consensus 12-month stock target price for First Union was $68.25 per share. That translates to a projected growth rate of 23.8% from the $52 closing price on the same day, the highest such appreciation rate among the 50 largest banks.

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