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WFC

Wells Fargo

09:31
10/13/16
10/13
09:31
10/13/16
09:31

'Healing process' may now start for Wells shares, BofA/Merrill says

BofA/Merrill analyst Erika Najarian believes the departure of CEO, Chairman and President John Stumpf could begin a "healing process" for the shares of Wells Fargo. Consensus feedback from investors post the Congressional hearings is that Stumpf retiring may be a necessary step for the bank to begin putting the cross-sell controversy behind it, Najarian tells investors in a research note. The analyst expects the shares to react positively today on the news. She has a Buy rating on Wells Fargo with a $48 price target. The shares are down 9c to $45.23 in pre-market trading.

  • 14

    Oct

  • 23

    Oct

WFC 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.
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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XOM

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ATVI

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HCLP

Hi-Crush Partners

$15.05

-0.05 (-0.33%)

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Hi Crush Partners calls are active ahead of earnings »

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NFLX

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Amazon.com

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CMCSA

Comcast

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CMCSK

Comcast

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AT&T

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VZ

Verizon

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MPLX

MPLX

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CREE

Cree

$24.82

0.07 (0.28%)

, IFNNY

Infineon

$20.70

0.12 (0.58%)

13:29
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CREE

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IFNNY

Infineon

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IART

Integra LifeSciences

$43.74

0.86 (2.01%)

13:27
04/26/17
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AA

Alcoa

$36.37

-0.12 (-0.33%)

, KALU

Kaiser Aluminum

$83.84

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Commerce Secretary to announce plan to investigate aluminum imports, CNBC says »

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AA

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$36.37

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KALU

Kaiser Aluminum

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ZIOP

ZIOPHARM

$7.09

0.25 (3.66%)

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Ziopharm call volume above normal and directionally bullish »

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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13:15
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EEM

MSCI Emerging Markets Index

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-0.16 (-0.40%)

13:11
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GS

Goldman Sachs

$227.78

1.15 (0.51%)

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Bank of America

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USB

U.S. Bancorp

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X

U.S. Steel

$23.27

-7.84 (-25.20%)

13:06
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CCCR

China Commercial Credit

$1.82

0.4101 (29.09%)

13:06
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Breaking Syndicate news story on China Commercial Credit »

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