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WFC

Wells Fargo

$45.62

-0.03 (-0.07%)

10:21
10/11/16
10/11
10:21
10/11/16
10:21

Wells Fargo CFO says scandal won't affect Q3 'much,' WSJ reports

Wells Fargo CFO John Shrewsberry says efforts by states to penalize its business over an unauthorized-accounts scandal will not affect Q3 "much," The Wall Street Journal reports, citing a recording of an internal call with 500 senior executives. Shrewsberry said on the recording that the bank will take "some legal set asides" but publicizing this "might incentivize people to do more, to make it tougher on Wells Fargo, but the story line is worse than the economics at this point." Shrewberry says Wells Fargo is "being transparent" in terms of the impact of the scandal in future quarters. Reference Link

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WFC Wells Fargo
$45.62

-0.03 (-0.07%)

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.
10/10/16
UBSW
10/10/16
UPGRADE
Target $44
UBSW
Neutral
Wells Fargo upgraded to Neutral from Sell at UBS
UBS analyst Brennan Hawken upgraded Wells Fargo to Neutral saying the risk/reward appears more balanced after the significant underperformance of the shares. The analyst believes Wells' earnings outlook remains uncertain, however. He keeps a $44 price target for the shares.

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UN

Unilever; also tag UL

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0.06 (0.10%)

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Unilever; also tag UN

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0.13 (0.23%)

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UN

Unilever; also tag UL

$58.67

0.06 (0.10%)

UL

Unilever; also tag UN

$57.57

0.13 (0.23%)

GS

Goldman Sachs

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KHC

Kraft Heinz

$77.52

-1.49 (-1.89%)

EL

Estee Lauder

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LVMH

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0.208 (0.38%)

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UPS

UPS

$117.51

-0.16 (-0.14%)

11:10
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Bullish longer-term play in UPS »

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DGX

Quest Diagnostics

$95.22

-6.895 (-6.75%)

, LH

LabCorp

$150.06

-5.01 (-3.23%)

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Medical diagnostics names slide after CMS proposes cuts »

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Quest Diagnostics

$95.22

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LH

LabCorp

$150.06

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EXAS

Exact Sciences

$45.96

0.96 (2.13%)

NEO

NeoGenomics

$11.01

0.09 (0.82%)

GHDX

Genomic Health

$30.98

0.13 (0.42%)

VCYT

Veracyte

$8.48

0.18 (2.17%)

VRML

Vermillion

$1.29

0.05 (4.03%)

GNMK

GenMark

$9.52

-0.04 (-0.42%)

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SPY

SPDR S&P 500 ETF Trust

$248.97

-0.47 (-0.19%)

, SPX

S&P 500

11:05
09/25/17
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Periodicals
North Korea says firing missiles at U.S 'inevitable,' Guardian says »

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SPY

SPDR S&P 500 ETF Trust

$248.97

-0.47 (-0.19%)

SPX

S&P 500

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CCL

Carnival

$64.24

-0.09 (-0.14%)

11:05
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11:05
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11:05
Options
Carnival call volume above normal and directionally bullish »

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CCC

Calgon Carbon

$21.38

-0.025 (-0.12%)

11:04
09/25/17
09/25
11:04
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11:04
Downgrade
Calgon Carbon rating change  »

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PFE

Pfizer

$35.91

-0.05 (-0.14%)

11:04
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SPX

S&P 500

11:04
09/25/17
09/25
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11:04
General news
North Korea says Trump's comments declaration of war, Bloomberg reports »

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PSMT

PriceSmart

$87.60

0.15 (0.17%)

11:04
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Initiation
PriceSmart initiated  »

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  • 27

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EBS

Emergent BioSolutions

$38.52

0.18 (0.47%)

11:02
09/25/17
09/25
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11:02
Recommendations
Emergent BioSolutions analyst commentary  »

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  • 25

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AIR

AAR Corp.

$37.17

0.23 (0.62%)

10:58
09/25/17
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Hot Stocks
AAR Corp. to provide airframe maintenance for Air Canada fleet »

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UBNT

Ubiquiti

$54.18

1.52 (2.89%)

10:57
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Periodicals
Citron publishes new report on Ubiquiti Networks »

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WFC

Wells Fargo

$54.21

-0.0369 (-0.07%)

10:55
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Options
Wells Fargo put volume heavy and directionally bearish »

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GPC

Genuine Parts

$93.73

5.745 (6.53%)

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Conference/Events
Genuine Parts to host conference call »

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SSRM

SSR Mining

$10.26

0.16 (1.58%)

10:52
09/25/17
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Upgrade
SSR Mining rating change  »

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NLSN

Nielsen

$41.13

0.24 (0.59%)

, SCOR

comScore

$29.10

0.25 (0.87%)

10:50
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Periodicals
Nielsen sues comScore to prevent Extended TV service, Reuters reports »

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NLSN

Nielsen

$41.13

0.24 (0.59%)

SCOR

comScore

$29.10

0.25 (0.87%)

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General news
U.S. Dallas Fed manufacturing index climbed 4.3 points to 21.3 in Sep »

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RDC

Rowan Companies

$12.48

1.07 (9.38%)

10:48
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Rowan Companies in talks to buy Maersk drilling assets, Bloomberg says »

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  • 02

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UFPI

Universal Forest

$94.65

2.47 (2.68%)

10:46
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Conference/Events
Universal Forest management to meet with Sidoti »

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UA

Under Armour

$15.58

0.54 (3.59%)

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$16.88

0.465 (2.83%)

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UA

Under Armour

$15.58

0.54 (3.59%)

UAA

Under Armour

$16.88

0.465 (2.83%)

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CSCO

Cisco

$33.37

0.67 (2.05%)

10:45
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Options
Cisco call volume above normal and directionally bullish »

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