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WFC

Wells Fargo

$52.92

1.06 (2.04%)

07:24
12/01/16
12/01
07:24
12/01/16
07:24

Wells Fargo downgraded to Neutral due to valuation at Susquehanna

As previously reported, Susquehanna downgraded Wells Fargo to Neutral from Positive and raised its price target to $56 from $53. Analyst Jack Micenko changed his view due to valuation and said most of the optimism around economic growth, higher rates, reduced regulation, and lower taxes is reflected in shares.

  • 06

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  • 07

    Dec

WFC Wells Fargo
$52.92

1.06 (2.04%)

11/28/16
JEFF
11/28/16
DOWNGRADE
Target $58
JEFF
Hold
Wells Fargo downgraded to Hold from Buy at Jefferies
Jefferies analyst Ken Usdin downgraded Wells Fargo to Hold citing valuation with the shares up 15% since the U.S. election. The analyst raised his price target for the shares to $58 from $50.
11/28/16
11/28/16
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. AbbVie (ABBV) downgraded to Neutral from Buy at Citi. 2. Citi (C), Wells Fargo (WFC), and Regions Financial (RF) were downgraded to Hold from Buy at Jefferies with analyst Ken Usdin citing valuation. 3. Hilton (HLT) and Marriott (MAR) were downgraded to Hold from Buy at Evercore ISI. 4. H&R Block (HRB) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer noting that President-elect Trump has said he wants to put H&R Block out of business by simplifying the tax code. 5. Tupperware Brands (TUP) downgraded to Sell from Neutral at B. Riley with analyst Linda Bolton Weiser saying the stock has not moved lower to reflect post-election currency devaluations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/30/16
11/30/16
UPGRADE

Buy
Deutsche ups Goldman Sachs to Buy, says stronger economy not yet priced in
As previously reported, Deutsche Bank analyst Matt O'Connor upgraded Goldman Sachs (GS) to Buy from Hold, offering the opinion that leverage to higher rates is mostly reflected in bank stock prices following their post-election advance so far, but that higher loan growth and fee volumes from a stronger economy may not be. After having updated his earnings models to more closely reflect a combination of stronger economic growth, higher interest rates and lower regulations and tax rates, O'Conner said Goldman is now one of his top, listing Huntington Bancshares (HBAN) and Wells Fargo (WFC) as his top large regional bank choices.
12/01/16
SUSQ
12/01/16
DOWNGRADE
SUSQ
Neutral
Wells Fargo downgraded to Neutral from Positive at Susquehanna

TODAY'S FREE FLY STORIES

SPY

SPDR S&P 500 ETF Trust

$243.63

2.3 (0.95%)

, SPX

S&P 500

13:43
06/28/17
06/28
13:43
06/28/17
13:43
Technical Analysis
Technical View: S&P 500 rebounds sharply, still within established range »

The sharp downward drop…

SPY

SPDR S&P 500 ETF Trust

$243.63

2.3 (0.95%)

SPX

S&P 500

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CBI

CB&I

$20.79

0.7683 (3.84%)

13:40
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13:40
Options
Call buyer opens a big new position in Chicago Bridge and Iron »

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13:40
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

EGO

Eldorado Gold

$2.72

-0.1 (-3.55%)

13:37
06/28/17
06/28
13:37
06/28/17
13:37
Downgrade
Eldorado Gold rating change  »

Eldorado Gold downgraded…

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GOOS

Canada Goose

$20.60

-0.49 (-2.32%)

13:30
06/28/17
06/28
13:30
06/28/17
13:30
Upgrade
Canada Goose rating change  »

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  • 28

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13:25
06/28/17
06/28
13:25
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13:25
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

MU

Micron

$31.66

-0.84 (-2.58%)

13:24
06/28/17
06/28
13:24
06/28/17
13:24
Hot Stocks
Nanya Technology lowers Micron stake to 4.17% with recent sale of 11.6M shares »

In a regulatory filing,…

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BPY

Brookfield Property

$24.08

0.34 (1.43%)

13:22
06/28/17
06/28
13:22
06/28/17
13:22
Conference/Events
Brookfield Property management to meet with RBC Capital »

Meetings to be held in…

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13:20
06/28/17
06/28
13:20
06/28/17
13:20
General news
Treasury's $28 B 7-year auction results fell to the soft side »

Treasury's $28 B…

BPOP

Popular

$39.33

0.16 (0.41%)

13:19
06/28/17
06/28
13:19
06/28/17
13:19
Conference/Events
Popular management to meet with RBC Capital »

Meeting to be held in…

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$NSD

NASDAQ Market Internals

13:17
06/28/17
06/28
13:17
06/28/17
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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MEOH

Methanex

$42.30

0.4 (0.95%)

13:16
06/28/17
06/28
13:16
06/28/17
13:16
Conference/Events
Methanex management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

    Jun

$NYE

NYSE Market Internals

13:16
06/28/17
06/28
13:16
06/28/17
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/06/13
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13:15
06/28/17
06/28
13:15
06/28/17
13:15
General news
Treasury Action: intermediate yields ticked higher »

Treasury Action:…

CS

Credit Suisse

$14.45

0.2 (1.40%)

13:14
06/28/17
06/28
13:14
06/28/17
13:14
Syndicate
Breaking Syndicate news story on Credit Suisse »

Credit Suisse files $85B…

03/08/13
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IMGN

ImmunoGen

$6.54

-0.28 (-4.11%)

13:12
06/28/17
06/28
13:12
06/28/17
13:12
Conference/Events
ImmunoGen management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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VZ

Verizon

$44.85

0.005 (0.01%)

, GOOG

Alphabet

$927.33

-24.94 (-2.62%)

13:09
06/28/17
06/28
13:09
06/28/17
13:09
Periodicals
Verizon explores pooling consumer data with other wireless firms, BI says »

After closing its…

VZ

Verizon

$44.85

0.005 (0.01%)

GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

FB

Facebook

$150.58

-3.01 (-1.96%)

TMUS

T-Mobile

$61.01

-2.14 (-3.39%)

S

Sprint

$8.14

-0.04 (-0.49%)

VOD

Vodafone

$28.65

-0.145 (-0.50%)

TEF

Telefonica

$10.53

-0.1 (-0.94%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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MIC

Macquarie Infrastructure

$79.18

0.8299 (1.06%)

13:09
06/28/17
06/28
13:09
06/28/17
13:09
Conference/Events
Macquarie Infrastructure management to meet with RBC Capital »

Meeting to be held in the…

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  • 28

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13:05
06/28/17
06/28
13:05
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General news
7-Yr Note Auction Coupon Rate data reported »

7-Yr Note Auction Coupon…

13:05
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General news
7-Yr Note Auction Total Amount data reported »

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General news
Treasury Option Action: bullish 10-year positioning »

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MTCH

Match Group

$17.50

-0.295 (-1.66%)

13:04
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06/28
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13:04
Hot Stocks
Tinder introduces Tinder Gold premium service »

Match Group's Tinder…

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RAD

Rite Aid

$4.04

0.2989 (7.99%)

, WBA

Walgreens Boots Alliance

$77.26

-0.27 (-0.35%)

13:02
06/28/17
06/28
13:02
06/28/17
13:02
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

RAD

Rite Aid

$4.04

0.2989 (7.99%)

WBA

Walgreens Boots Alliance

$77.26

-0.27 (-0.35%)

MKC

McCormick

$98.40

-0.135 (-0.14%)

LNN

Lindsay

$87.92

1.32 (1.52%)

GBX

Greenbrier

$50.15

0.7 (1.42%)

CAG

Conagra Brands

$37.53

0.525 (1.42%)

STZ

Constellation Brands

$183.93

1.65 (0.91%)

AYI

Acuity Brands

$180.03

4.695 (2.68%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

, GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

13:02
06/28/17
06/28
13:02
06/28/17
13:02
Periodicals
Alphabet sought to sell Nest last year, Reuters reports »

At a certain point in…

GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 28

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PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

, SHLM

A. Schulman

$27.50

-1.05 (-3.68%)

13:02
06/28/17
06/28
13:02
06/28/17
13:02
Earnings
Notable companies reporting after market close »

Notable companies…

PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

SHLM

A. Schulman

$27.50

-1.05 (-3.68%)

PRGS

Progress Software

$30.08

-0.16 (-0.53%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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