Two influential analysts Tuesday urged investors to head West-to California and the stocks of Wells Fargo & Co. and City National Corp.

Wells Fargo, based in San Francisco, "will see significant cash earnings growth," said Lehman Brothers Inc. analyst Bruce W. Harting, who resumed his coverage with an "outperform" rating.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.