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WFC

Wells Fargo

$44.76

1.01 (2.31%)

12:39
10/05/16
10/05
12:39
10/05/16
12:39

Wells Fargo suspended from Chicago business for one year, Reuters reports

Chicago's City Council approved a move to suspend Wells Fargo from doing business in the city for one year amid its fake accounts scandal, Reuters reports. The suspension includes bond underwriting, brokerage, trustee, and other services the lender has provided to the city in the past, the report notes. Reference Link

  • 23

    Oct

WFC Wells Fargo
$44.76

1.01 (2.31%)

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).
10/04/16
RAJA
10/04/16
DOWNGRADE
RAJA
Underperform
Wells Fargo downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst David Long downgraded Wells Fargo to Underperform and reduced estimate saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook.
10/04/16
10/04/16
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 Underperform from Market Perform at Raymond James with analyst David Long saying the fallout from the unauthorized account openings will result in continued under performance. The analyst said several additional investigations, lawsuits, and fines have been announced, resulting in a still cloudy outlook. 2. Kinder Morgan (KMI) downgraded to Hold from Buy at Stifel analyst Selman Akyol citing valuation. 3. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation. 4. Dr Pepper Snapple (DPS) downgraded to Hold from Buy at Evercore ISI with analyst Robert Ottenstein saying reports that Bai Brands is looking for a new owner are credible and could change investor's psychology on the stock and its Allied Brands business. 5. Dollar Tree (DLTR) downgraded to Neutral from Buy at Cleveland Research with the firm saying sales trends appear to have slowed further at Family Dollar as the company struggles with increased price competition, difficult comps, and strategy headwinds. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

MPW

Medical Properties Trust

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0.03 (0.22%)

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CRAY

Cray

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ISRG

Intuitive Surgical

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BTU

Peabody Energy

$26.10

-0.29 (-1.10%)

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AUDC

AudioCodes

$6.62

0.11 (1.69%)

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CREE

Cree

$24.82

0.07 (0.28%)

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  • 09

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BIG

Big Lots

$49.57

-0.36 (-0.72%)

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APTI

Apptio

$12.80

0.09 (0.71%)

05:48
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Apptio rating change  »

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  • 04

    May

NORD

Nord Anglia

$32.82

5.2 (18.83%)

05:46
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Nord Anglia rating change  »

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  • 27

    Apr

AKS

AK Steel

$6.40

-0.72 (-10.11%)

05:44
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  • 25

    May

CMG

Chipotle

$471.76

2.97 (0.63%)

05:43
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Downgrade
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SHOP

Shopify

$76.65

0.82 (1.08%)

05:43
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  • 02

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ALGT

Allegiant Travel

$163.85

-1.2 (-0.73%)

05:40
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DYN

Dynegy

$6.19

-0.11 (-1.75%)

05:37
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  • 05

    May

RSPP

RSP Permian

$38.69

1.32 (3.53%)

05:33
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Initiation
RSP Permian initiated  »

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  • 03

    May

CPE

Callon Petroleum

$12.24

0.39 (3.29%)

05:32
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  • 03

    May

LOGI

Logitech

$31.79

0.99 (3.21%)

05:32
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  • 26

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FSNN

Fusion Telecommunications

$1.43

0.01 (0.70%)

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  • 30

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LOGI

Logitech

$31.79

0.99 (3.21%)

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  • 26

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SKYAY

Sky

$50.26

0.05 (0.10%)

05:29
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WFC

Wells Fargo

$54.56

0.91 (1.70%)

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  • 11

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KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

04:55
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Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

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  • 26

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IONS

Ionis Pharmaceuticals

$47.88

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ADMS

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, AVXS

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ATEC

Alphatec

$1.98

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, CAE

CAE

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