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WFC

Wells Fargo

$44.71

-0.04 (-0.09%)

05:36
10/17/16
10/17
05:36
10/17/16
05:36

Wells Fargo downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Brian Kleinhanzl downgraded Wells Fargo to Market Perform and lowered his price target for the shares to $48 from $57. The valuation "cannot overcome" all the uncertainty, Kleinhanzl tells investors in a research note.

  • 23

    Oct

WFC Wells Fargo
$44.71

-0.04 (-0.09%)

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

ED

Consolidated Edison

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SFTBF

SoftBank

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-0.425 (-0.50%)

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FE

FirstEnergy

$29.73

-0.195 (-0.65%)

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  • 22

    Jan

COG

Cabot Oil & Gas

$27.76

-0.225 (-0.80%)

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Canada manufacturing preview »

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Wolfe Research airlines/A&D analyst holds an analyst/industry conference call »

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IIIN

Insteel

$29.83

0.57 (1.95%)

14:27
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  • 18

    Jan

URI

United Rentals

$181.44

1.27 (0.70%)

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United Rentals call volume above normal and directionally bullish »

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  • 25

    Jan

XLK

Technology Select Sector SPDR

$67.80

0.25 (0.37%)

, XLF

Financial Select Sector

$29.41

0.04 (0.14%)

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Technical Analysis
Technical Take: S&P 500 turns positive, bullish intraday pattern active »

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XLK

Technology Select Sector SPDR

$67.80

0.25 (0.37%)

XLF

Financial Select Sector

$29.41

0.04 (0.14%)

XLE

Energy Select Sector SPDR

$76.83

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XLV

Health Care Select Sector SPDR

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SPY

SPDR S&P 500 ETF Trust

$279.59

-0.02 (-0.01%)

SPX

S&P 500

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$NSD

NASDAQ Market Internals

14:17
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Technical Analysis
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$NYE

NYSE Market Internals

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Technical Analysis
NYSE market internals summary »

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ADT

ADT Inc.

, APO

Apollo Global

$35.12

-0.3 (-0.85%)

14:14
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Syndicate
ADT Inc. IPO likely to price below $17-$19 range, WSJ reports »

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ADT

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APO

Apollo Global

$35.12

-0.3 (-0.85%)

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  • 01

    Feb

  • 19

    Jan

FB

Facebook

$177.60

-0.79 (-0.44%)

, AXP

American Express

$100.17

-0.59 (-0.59%)

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FB

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$177.60

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AXP

American Express

$100.17

-0.59 (-0.59%)

IBM

IBM

$169.03

0.38 (0.23%)

PG

Procter & Gamble

$90.28

-0.2304 (-0.25%)

03/08/13
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  • 18

    Jan

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    Jan

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    Jan

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    Jan

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    Feb

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    Feb

  • 28

    Feb

TTWO

Take-Two

$116.09

2.13 (1.87%)

14:05
01/18/18
01/18
14:05
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Options
TakeTwo Interactive Software call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

    Dec

MGNX

MacroGenics

$19.85

0.07 (0.35%)

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  • 18

    Jan

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Conference/Events
House Homeland Security Committee to hold a hearing »

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QEP

QEP Resources

$10.93

-0.04 (-0.36%)

13:55
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Conference/Events
House Committee on Natural Resources to hold an oversight hearing »

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  • 18

    Jan

JAGX

Jaguar Health

$0.14

0.002 (1.43%)

13:53
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PTCT

PTC Therapeutics

$21.95

0.46 (2.14%)

13:51
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MNTX

Manitex

$9.63

0.11 (1.16%)

13:48
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HMNY

Helios and Matheson

$7.73

-0.43 (-5.27%)

13:45
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Options
Helios and Matheson call volume above normal and directionally bullish »

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AMZN

Amazon.com

$1,295.00

-9.86 (-0.76%)

13:41
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Periodicals
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  • 18

    Jan

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DB

Deutsche Bank

$18.57

0.05 (0.27%)

13:33
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  • 24

    Jan

FMC

FMC Corporation

$89.31

-4.55 (-4.85%)

, ALB

Albemarle

$117.89

-9.065 (-7.14%)

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FMC

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ALB

Albemarle

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SQM

SQM

$58.29

-1.26 (-2.12%)

TSLA

Tesla

$347.16

7.1 (2.09%)

F

Ford

$12.09

-0.09 (-0.74%)

TM

Toyota

$138.70

-2.02 (-1.44%)

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  • 24

    Jan

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  • 07

    Mar

SLB

Schlumberger

$77.02

-0.195 (-0.25%)

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Technical Earnings Preview: Schlumberger has a potential bullish pattern »

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  • 19

    Jan

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