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WFC

Wells Fargo

$44.83

0.075 (0.17%)

10:43
10/14/16
10/14
10:43
10/14/16
10:43

Wells Fargo says effects of scandal will be headwind in community banking

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$44.83

0.075 (0.17%)

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.

TODAY'S FREE FLY STORIES

SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

$11.48

-3.15 (-21.53%)

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Options
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SPX

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VIX

Volatility Index S&P 500 Options

$11.48

-3.15 (-21.53%)

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CHKP

Check Point

$103.41

0.77 (0.75%)

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TWTR

Twitter

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UPLD

Upland Software

$17.07

0.16 (0.95%)

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HAS

Hasbro

$96.03

0.02 (0.02%)

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Hasbro says has 'right brands, right team' to drive blueprint »

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ADI

Analog Devices

$77.63

-1.03 (-1.31%)

, LLTC

Linear Technology

09:15
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Upgrade
Analog Devices, Linear Technology rating change  »

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ADI

Analog Devices

$77.63

-1.03 (-1.31%)

LLTC

Linear Technology

03/08/13
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  • 31

    May

HAL

Halliburton

09:12
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Halliburton says momentum building in North America »

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  • 24

    Apr

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    May

GM

General Motors

09:12
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04/24
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  • 28

    Apr

HAL

Halliburton

09:11
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Halliburton says seeing customers deferring new projects »

Says customers more…

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  • 24

    Apr

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    May

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ALKS

Alkermes

$56.57

-0.16 (-0.28%)

, ACOR

Acorda Therapeutics

$15.85

-0.1 (-0.63%)

09:10
04/24/17
04/24
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09:10
Recommendations
Alkermes, Acorda Therapeutics analyst commentary  »

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ALKS

Alkermes

$56.57

-0.16 (-0.28%)

ACOR

Acorda Therapeutics

$15.85

-0.1 (-0.63%)

03/08/13
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03/06/13
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  • 24

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  • 03

    May

  • 06

    Jun

  • 08

    Jun

WTKWY

Wolters Kluwer

$41.04

-0.83 (-1.98%)

09:09
04/24/17
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Wolters Kluwer to explore strategic alternatives for Corsearch »

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HAL

Halliburton

$47.06

-0.63 (-1.32%)

09:09
04/24/17
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Halliburton says not chasing market share at cost of pricing »

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  • 24

    Apr

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  • 17

    May

GOGO

Gogo

$12.34

0.49 (4.14%)

09:09
04/24/17
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Hot Stocks
Gogo signs new capacity deal with SES »

SES announced that Gogo…

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  • 04

    May

GLD

SPDR Gold Trust

$122.31

0.35 (0.29%)

, SLV

iShares Silver Trust

$17.02

-0.04 (-0.23%)

09:08
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Technical Analysis
Indexes and Sectors breakout above pivot highs and lows »

The major index ETFs,…

GLD

SPDR Gold Trust

$122.31

0.35 (0.29%)

SLV

iShares Silver Trust

$17.02

-0.04 (-0.23%)

TLT

iShares 20+ Year Treasury Bond Fund

XLF

Financial Select Sector

$23.16

-0.24 (-1.03%)

SPY

SPDR S&P 500 ETF Trust

$234.59

-0.75 (-0.32%)

DIA

Diamonds Fund ETF

$205.25

-0.26 (-0.13%)

IWM

iShares Trust Russell 2000 Index Fund

$137.21

-0.31 (-0.23%)

XLV

Health Care Select Sector SPDR

$73.68

-0.44 (-0.59%)

XLE

Energy Select Sector SPDR

$67.79

-0.34 (-0.50%)

XLK

Technology Select Sector SPDR

$53.17

-0.11 (-0.21%)

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PGNX

Progenics

$7.75

-0.38 (-4.67%)

09:08
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  • 06

    Jun

ADMS

Adamas Pharmaceuticals

$15.57

-0.05 (-0.32%)

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Adamas: ADS-5012 data confirms reduction in levodopa-induced dyskinesia »

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  • 06

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AMZN

Amazon.com

$898.53

-3.53 (-0.39%)

09:07
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Amazon launches self-service marketplace for subscription providers »

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  • 27

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HRS

Harris

$110.27

0.32 (0.29%)

09:06
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Harris awarded 5-year, $875M ceiling multi-award IDIQ contract by USAF »

Harris has been awarded a…

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  • 03

    May

HEI

Heico

$69.54

0.7 (1.02%)

09:06
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Heico announces 25% increase in credit facility »

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VECO

Veeco

$31.00

0.6 (1.97%)

, UTEK

Ultratech

$30.01

0.13 (0.44%)

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VECO

Veeco

$31.00

0.6 (1.97%)

UTEK

Ultratech

$30.01

0.13 (0.44%)

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  • 04

    May

BBOX

Black Box

$9.95

-0.25 (-2.45%)

, FSTR

L.B. Foster

$13.40

-0.15 (-1.11%)

09:05
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Black Box names David Russo as SVP, CFO, Treasurer »

Black Box Corporation…

BBOX

Black Box

$9.95

-0.25 (-2.45%)

FSTR

L.B. Foster

$13.40

-0.15 (-1.11%)

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  • 02

    May

  • 09

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CDW

CDW

$57.76

-0.42 (-0.72%)

09:05
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Initiation
CDW initiated  »

CDW initiated with a Buy…

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  • 03

    May

RILY

B. Riley Financial

$14.75

-0.05 (-0.34%)

09:04
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B. Riley Financial acquires rights to manage Dialectic hedge funds »

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PACW

PacWest Bancorp

$48.46

-0.1 (-0.21%)

09:04
04/24/17
04/24
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09:04
Upgrade
PacWest Bancorp rating change  »

PacWest Bancorp upgraded…

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GOGO

Gogo

$12.34

0.49 (4.14%)

09:04
04/24/17
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Gogo leases all available capacity on SES's AMC-4 satellite »

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  • 04

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