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WFC

Wells Fargo

$44.93

0.18 (0.40%)

10:09
10/14/16
10/14
10:09
10/14/16
10:09

Wells Fargo: Bank has new retail-bank performance plan

Says retail-bank performance plan based on customer satisfaction, risk management. Says will spend $50M on quality oversight.

  • 14

    Oct

  • 23

    Oct

WFC Wells Fargo
$44.93

0.18 (0.40%)

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

XLP

Consumer Staples Sector SPDR

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QADB

QAD Inc

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ITIC

Investors Title Company

$199.00

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CDK

CDK Global

$74.57

-1.2 (-1.58%)

09:40
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  • 30

    Jan

LQD

iShares iBoxx $ Investment Grade Corporate Bond

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Fastenal

$55.44

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Options
Unusually active option classes on open January 17th »

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LQD

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ROKU

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$54.50

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Diamonds Fund ETF

CSX

CSX

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  • 17

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CNTE

Contura Energy

$66.70

-0.74 (-1.10%)

09:39
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09:39
Downgrade
Contura Energy rating change  »

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WEX

Wex

09:39
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Wex analyst commentary  »

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  • 21

    Feb

EAT

Brinker

09:38
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09:38
Upgrade
Brinker rating change  »

Brinker upgraded to Mixed…

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SID

CSN

09:38
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Upgrade
CSN rating change  »

CSN upgraded to Neutral…

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AMAT

Applied Materials

09:37
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Technical Analysis
Technical Take: Applied Materials higher with peers »

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CWT

California Water Service

09:36
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California Water Service rating change  »

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TSS

TSYS

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  • 23

    Jan

NTRA

Natera

$9.87

-0.31 (-3.05%)

09:36
01/17/18
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Initiation
Natera initiated  »

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BETR

Amplify Snack Brands

, HSY

Hershey

09:36
01/17/18
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09:36
Recommendations
Amplify Snack Brands, Hershey analyst commentary  »

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BETR

Amplify Snack Brands

HSY

Hershey

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09:35
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PYPL

PayPal

$80.42

-0.12 (-0.15%)

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PayPal analyst commentary  »

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  • 08

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BBVA

Banco Bilbao

09:34
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CMA

Comerica

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CWT

California Water Service

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ASML

ASML

$186.38

5.51 (3.05%)

09:32
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Hot Stocks
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  • 17

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HAWK

Blackhawk

$45.05

8.55 (23.42%)

09:32
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FCX

Freeport McMoRan

09:31
01/17/18
01/17
09:31
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09:31
Upgrade
Freeport McMoRan rating change  »

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  • 25

    Jan

ASML

ASML

$186.38

5.51 (3.05%)

09:31
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09:31
Earnings
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  • 17

    Jan

HALO

Halozyme

$19.74

-0.62 (-3.05%)

09:31
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  • 18

    Jan

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