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WFC

Wells Fargo

$44.47

-0.85 (-1.88%)

13:53
10/13/16
10/13
13:53
10/13/16
13:53

Wells Fargo technical comments ahead of earnings

The stock has been in a downtrend since peaking in price in August 2015. Ahead of earnings price is close to the 52-week low of $43.55. If the news is a further negative disappointment, that low could be tested. Next support levels below to watch as potential downside objectives would be at $42.52, $41.80, and $40.79. If the news and outlook are more positive than expected, a move above $48 would be required to reverse the current downtrend. Resistance above $48 is at $49.02.

  • 14

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  • 23

    Oct

WFC Wells Fargo
$44.47

-0.85 (-1.88%)

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.
10/13/16
BOFA
10/13/16
NO CHANGE
Target $48
BOFA
Buy
'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.

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SYT

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DAL

Delta Air Lines

$48.42

0.1 (0.21%)

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MOH

Molina Healthcare

$65.78

1.24 (1.92%)

, UNH

UnitedHealth

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UNH

UnitedHealth

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Centene

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1.82 (2.01%)

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WellCare

$165.88

1.7305 (1.05%)

CI

Cigna

$183.10

1.66 (0.91%)

ANTM

Anthem

$183.18

1.68 (0.93%)

HNT

Health Net

HUM

Humana

$239.83

2.62 (1.10%)

AET

Aetna

$153.66

1.6785 (1.10%)

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FL

Foot Locker

$34.77

0.11 (0.32%)

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Foot Locker call volume above normal and directionally bullish »

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AXP

American Express

$88.48

0.27 (0.31%)

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American Express raises quarterly dividend 9% to 35c per share »

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FIT

Fitbit

$6.49

0.045 (0.70%)

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FB

Facebook

$162.87

-7.67 (-4.50%)

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Wal-Mart

$79.48

0.33 (0.42%)

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WMT

Wal-Mart

$79.48

0.33 (0.42%)

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PTEN

Patterson-UTI

$20.47

0.94 (4.81%)

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FB

Facebook

$162.87

-7.67 (-4.50%)

, SLF

Sun Life Financial

$39.46

0.19 (0.48%)

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FB

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SLF

Sun Life Financial

$39.46

0.19 (0.48%)

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ELF

e.l.f. Beauty

$19.68

-0.025 (-0.13%)

, WBA

Walgreens Boots Alliance

$78.96

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SRCI

SRC Energy

$9.18

0.36 (4.08%)

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HMNY

Helios and Matheson

$8.30

1.33 (19.08%)

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MDP

Meredith

$54.05

-0.35 (-0.64%)

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BWP

Boardwalk Pipeline

$14.95

0.1734 (1.17%)

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NKE

Nike

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$NSD

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$NYE

NYSE Market Internals

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TGT

Target

$58.49

-0.06 (-0.10%)

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