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WFC

Wells Fargo

$43.76

-0.525 (-1.19%)

14:50
10/03/16
10/03
14:50
10/03/16
14:50

Wells Fargo with a big options spread as shares touch 52-week lows

Wells Fargo with a big options spread as shares touch 52-week lows. The stock is off 53c to $43.75 and the Oct 46 - Nov 48 call spread is bought for 4c, 15000X. The investor bought Oct, sold Nov, and possibly rolling a bullish play one month, down two strikes. If so, the new position in the October term expires one week after the company reports earnings.

  • 23

    Oct

WFC Wells Fargo
$43.76

-0.525 (-1.19%)

09/21/16
JPMS
09/21/16
DOWNGRADE
Target $48
JPMS
Neutral
Wells Fargo downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Vivek Juneja downgraded Wells Fargo to Neutral saying the "tough" Senate hearings and "mounting public scrutiny" will likely result in additional investigations that could pressure expenses. There is "significant uncertainty about how much some issues will cost and how long they will take," Juneja tells investors in a research note. He believes Wells will need to spend a lot more on litigation and that its revenues "will likely face some slowdown in growth." Juneja cut his price target for the shares to $48 from $53.50. Wells Fargo closed yesterday up 55c to $46.56.
09/21/16
09/21/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wells Fargo (WFC) downgraded to Neutral from Overweight at JPMorgan with analyst Vivek Juneja saying the "tough" Senate hearings and "mounting public scrutiny" will likely result in additional investigations that could pressure expenses. 2. Skechers (SKX) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Jay Sole saying he believes consumers shift towards pure fashion styles and away from athletic footwear is causing Skechers to adjust assortment, resulting in slower sales growth. 3. American Airlines (AAL) downgraded to Market Perform from Outperform at Raymond James analyst Savanthi Syth citing relative valuation and lowered estimates to reflect the new mechanics contract. 4. Boston Beer (SAM) downgraded to Underperform from Market Perform at Cowen with analyst Vivien Azer citing its string of disappointing monthly Nielsen data and structural headwinds to the company's core assets, which present meaningful earnings risk. 5. Children's Place (PLCE) downgraded to Neutral from Overweight at Piper Jaffray with analyst Stephanie Wissink saying the firm's recent survey of moms pointed to a "step down" in mindshare. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/16
DBAB
09/22/16
NO CHANGE
Target $50
DBAB
Buy
Wells Fargo price target lowered to $50 from $59 at Deutsche Bank
Deutsche Bank analyst Matt O'Connor lowered his price target for Wells Fargo to $50 saying it's "tough to argue for much upside in the near term." The analyst, however, believes that over the next year, Wells Fargo's issues should subside and its "attractive valuation should be more relevant." After laying out the bull and bear thesis on the shares, O'Connor sees 5%-12% relative upside in the name. He keeps a Buy rating on Wells Fargo.
09/28/16
DBAB
09/28/16
UPGRADE
Target $11.5
DBAB
Buy
Huntington Bancshares upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Matt O'Connor upgraded Huntington Bancshares to Buy saying the 15% pullback in the shares since the FirstMerit (FMER) deal was announced is overdone. The analyst views industry-wide concerns surrounding consumer indirect auto lending as overblown and he raised his price target for Huntington shares to $11.50 from $10.50. Going into the Q3 results for U.S. banks, O'Connor likes JPMorgan (JPM) and Wells Fargo (WFC) and is cautious on Fifth Third (FITB).

TODAY'S FREE FLY STORIES

XENT

Intersect ENT

$12.55

-0.3 (-2.33%)

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  • 28

    Feb

PMC

PharMerica

$26.75

0.75 (2.88%)

08:04
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Earnings
PharMerica reports Q4 adjusted EPS 58c, consensus 51c »

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  • 24

    Feb

HRTX

Heron Therapeutics

$13.75

-0.1 (-0.72%)

08:03
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NXTD

Nxt-ID

$2.12

-0.2 (-8.62%)

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MRK

Merck

$65.85

0.56 (0.86%)

, GILD

Gilead

$69.37

0.54 (0.78%)

08:02
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Recommendations
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MRK

Merck

$65.85

0.56 (0.86%)

GILD

Gilead

$69.37

0.54 (0.78%)

ABBV

AbbVie

$61.94

0.58 (0.95%)

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    May

  • 14

    Jun

AES

AES Corp.

$11.75

0.15 (1.29%)

08:02
02/24/17
02/24
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08:02
Hot Stocks
AES Corp., AIMCo to acquire sPower from Fir Tree Partners for $853M plus debt »

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  • 27

    Feb

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    Feb

VALE

Vale

$10.75

-0.49 (-4.36%)

08:02
02/24/17
02/24
08:02
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08:02
Periodicals
Vale CEO Ferreira to step down, DJ reports »

Dow Jones has corrected…

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MA

MasterCard

$110.74

1.3 (1.19%)

08:01
02/24/17
02/24
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08:01
Hot Stocks
MasterCard to integrate Masterpass into Gulf Oil's Gulf Pay »

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  • 14

    Mar

VALE

Vale

$10.75

-0.49 (-4.36%)

08:01
02/24/17
02/24
08:01
02/24/17
08:01
Options
Vale put buyer realizes 25% same-day gains »

Notable profits for the…

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SATS

EchoStar

$55.24

-0.29 (-0.52%)

08:01
02/24/17
02/24
08:01
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08:01
Earnings
EchoStar reports Q4 EPS 40c, consensus 38c »

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FLS

Flowserve

$46.78

-1.87 (-3.84%)

08:00
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02/24
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08:00
Hot Stocks
Flowserve names Jay Roueche interim CEO, effective immediately »

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ZYNE

Zynerba

$22.10

0.27 (1.24%)

07:59
02/24/17
02/24
07:59
02/24/17
07:59
Initiation
Zynerba initiated  »

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  • 21

    Mar

NGVT

Ingevity

$54.35

-2.06 (-3.65%)

07:58
02/24/17
02/24
07:58
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07:58
Recommendations
Ingevity analyst commentary  »

Ingevity weakness creates…

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USM

U.S. Cellular

$44.84

-0.37 (-0.82%)

07:58
02/24/17
02/24
07:58
02/24/17
07:58
Earnings
U.S. Cellular sees FY17 revenue $3.8B-$4B, consensus $4.05B »

Sees FY17 adjusted EBITDA…

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  • 24

    Feb

BSX

Boston Scientific

$24.48

-0.68 (-2.70%)

07:57
02/24/17
02/24
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07:57
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Boston Scientific analyst commentary  »

Selloff in Boston…

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  • 27

    Feb

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    Mar

  • 04

    May

USM

U.S. Cellular

$44.84

-0.37 (-0.82%)

07:57
02/24/17
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Earnings
U.S. Cellular reports Q4 EPS (7c), consensus (25c) »

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  • 24

    Feb

BMY

Bristol-Myers

$55.77

0.42 (0.76%)

07:57
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  • 02

    Mar

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    Mar

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    Apr

TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

07:56
02/24/17
02/24
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Earnings
Telephone and Data sees FY17 revenue $5.015B-$5.265B, consensus $5.29B »

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  • 24

    Feb

  • 06

    Mar

JNJ

Johnson & Johnson

$120.90

2.18 (1.84%)

07:55
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Janssen's Stelara designated as orphan treatment of pediatric ulcerative colitis »

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  • 24

    Feb

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  • 09

    Mar

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    Mar

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    Mar

NVRO

Nevro

$94.25

-2.26 (-2.34%)

07:55
02/24/17
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07:55
Recommendations
Nevro analyst commentary  »

Nevro price target raised…

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RSPP

RSP Permian

$40.36

-0.55 (-1.34%)

07:55
02/24/17
02/24
07:55
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07:55
Conference/Events
RSP Permian to hold a special shareholder meeting »

Special Shareholder…

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  • 24

    Feb

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    Feb

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    Mar

ETN

Eaton

$72.12

-0.38 (-0.52%)

07:55
02/24/17
02/24
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07:55
Conference/Events
Eaton to host analyst meeting »

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  • 24

    Feb

  • 07

    Mar

TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

07:54
02/24/17
02/24
07:54
02/24/17
07:54
Earnings
Telephone and Data reports Q4 EPS (5c), consensus (5c) »

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  • 24

    Feb

  • 06

    Mar

TDS

Telephone and Data

$32.72

-0.03 (-0.09%)

07:51
02/24/17
02/24
07:51
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07:51
Hot Stocks
Telephone and Data raises quarterly dividend to 15.5c per share »

Payment will be made on…

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  • 24

    Feb

  • 06

    Mar

TERP

TerraForm Power

$11.40

-0.16 (-1.38%)

07:51
02/24/17
02/24
07:51
02/24/17
07:51
Earnings
TerraForm Power reports Q3 EPS (29c), consensus (16c) »

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