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WFC

Wells Fargo

$45.45

-0.2 (-0.44%)

19:30
10/11/16
10/11
19:30
10/11/16
19:30

Wells Fargo heir-apparent 'closely linked' to accounts scandal, NYT argues

After Wells Fargo appeared to hand more power to COO and heir-apparent Tim Sloan as part of an executive shuffle announced yesterday, the New York Times' DealBook column questions why an executive "so closely linked" to the bank's recent scandal would be handed the reins. The publication notes that Sloan was a member of the bank's operating committee while the phony account openings were occurring, and retail chief Carrie Tolstedt, who has shouldered much of the blame for the behavior, reported directly to Sloan, which the Times says "makes Mr. Sloan a member of the inner circle that would have known about the wrongdoing from its early days." Reference Link

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$45.45

-0.2 (-0.44%)

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.

TODAY'S FREE FLY STORIES

NCSM

NCS Multistage

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CLDR

Cloudera

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Cloudera 15M share IPO priced at $15.00, above the range »

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21:05
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General news
Japan's data dump revealed tepid inflation and mixed growth figures »

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AOS

A.O. Smith

$54.42

1.45 (2.74%)

20:16
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A.O. Smith rating change at KeyBanc »

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FB

Facebook

$147.70

1.14 (0.78%)

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Facebook improves 'Rights Manager' content protection system »

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AAWW

Atlas Air

$59.80

0.4 (0.67%)

20:11
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Atlas Air rating change at Stifel »

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  • 03

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UTHR

United Therapeutics

$120.50

0.51 (0.43%)

20:00
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United Therapeutics announces $250M repurchase program »

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  • 06

    Jun

CYTR

CytRx

$0.68

-0.121 (-15.02%)

19:56
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Hot Stocks
CytRx: Former 'SPA' for aldoxorubicin no longer applicable »

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  • 02

    Jun

EEX

Emerald Expositions Events

19:52
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Syndicate
Emerald Expositions Events 15.5M share IPO priced at $17.00 »

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  • 28

    Apr

GOOG

Alphabet

$874.25

2.52 (0.29%)

, GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

19:31
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Google introduces development kit for Google Assistant »

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GOOG

Alphabet

$874.25

2.52 (0.29%)

GOOGL

Alphabet Class A

$891.44

2.3 (0.26%)

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  • 27

    Apr

  • 02

    May

  • 16

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  • 22

    May

SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:26
04/27/17
04/27
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Hot Stocks
Sarepta: 'Productive' payer talks, ramping of patient starts continuing in Q2 »

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  • 27

    Apr

SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:22
04/27/17
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Hot Stocks
Sarepta: Guidance includes only U.S. sales »

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  • 27

    Apr

SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:20
04/27/17
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Hot Stocks
Sarepta: Exondys post-market commitment data likely unavailable for couple years »

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  • 27

    Apr

SRPT

Sarepta

$34.72

-0.14 (-0.40%)

19:18
04/27/17
04/27
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19:18
Hot Stocks
Sarepta confirms CEO Ed Kaye to resign from role at end of current term »

Sarepta confirmed in a…

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  • 27

    Apr

BSAC

Santander Chile

$23.59

-0.36 (-1.50%)

19:02
04/27/17
04/27
19:02
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19:02
Earnings
Santander Chile reports Q1 EPS 46c, consensus 42c »

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  • 28

    Apr

BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

19:01
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Canada gov't objects to Boeing allegations over Bombardier pricing in U.S. »

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BA

Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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  • 31

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BA

Boeing

$183.22

1.51 (0.83%)

, BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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Periodicals
Boeing requests U.S. take action on Bombardier C series prices in U.S., FT says »

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BA

Boeing

$183.22

1.51 (0.83%)

BDRBF

Bombardier

$1.63

-0.0278 (-1.67%)

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  • 31

    May

SWN

Southwestern Energy

$7.67

-0.16 (-2.04%)

18:48
04/27/17
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Earnings
Southwestern Energy reports Q1 adjusted EPS 18c, consensus 18c »

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  • 28

    Apr

CRMD

CorMedix

$1.04

-0.07 (-6.31%)

18:43
04/27/17
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18:43
Syndicate
CorMedix files to sell common stock warrants, no amount given »

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  • 28

    Apr

  • 28

    Apr

FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:39
04/27/17
04/27
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18:39
Earnings
Breaking Earnings news story on Forum Energy »

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  • 28

    Apr

WDC

Western Digital

$85.71

1.1 (1.30%)

18:38
04/27/17
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18:38
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Western Digital: NAND supply-demand likely favorable through 'at least' 1H18 »

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  • 27

    Apr

FET

Forum Energy

$18.10

-1.05 (-5.48%)

18:38
04/27/17
04/27
18:38
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18:38
Earnings
Forum Energy reports Q1 adjusted EPS (14c), consensus (16c) »

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  • 28

    Apr

SJR

Shaw Communications

$21.30

0.07 (0.33%)

18:36
04/27/17
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Shaw Communications restores internet and phone services after brief outage »

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MTRX

Matrix Service

$16.88

-0.575 (-3.30%)

18:33
04/27/17
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Earnings
Breaking Earnings news story on Matrix Service »

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GIMO

Gigamon

$36.00

-0.6 (-1.64%)

18:33
04/27/17
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Earnings
Gigamon sees Q2 adjusted EPS 2c-7c, consensus 19c »

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  • 27

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