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WFC

Wells Fargo

$53.50

1.35 (2.59%)

08:02
04/21/17
04/21
08:02
04/21/17
08:02

Wells Fargo: Settlement now includes accounts as early as May 2002

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WFC Wells Fargo
$53.50

1.35 (2.59%)

04/12/17
04/12/17
DOWNGRADE

Sell
Wells Fargo downgraded to Sell at Rafferty Capital
As previously reported, Rafferty Capital analyst Richard Bove downgraded Wells Fargo to Sell from Hold. Bove does not expect bank stocks in general to do well for months and he thinks on Wells specifically that its Directors report indicates that the company is in the midst of a multi-year re-structuring process. Bove lowered his 12-month price target range for Wells Fargo shares to $46-$60 from $52-$68.
04/12/17
04/12/17
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 Sell from Hold at Rafferty Capital with analyst Richard Bove saying he does not expect bank stocks in general to do well for months and he thinks on Wells specifically that its Directors report indicates that the company is in the midst of a multi-year re-structuring process. Bove lowered his 12-month price target range for Wells Fargo shares to $46-$60 from $52-$68. 2. Tractor Supply (TSCO) was downgraded to Equal Weight from Overweight at Stephens and to Neutral from Overweight at JPMorgan. 3. Avinger (AVGR) downgraded to Perform from Outperform at Oppenheimer with analyst Steven Lichtman downgraded Avinger (AVGR) to Perform from Outperform after its Q1 sales came in below estimates on lower than expected Pantheris utilization and following the company's announcement that it plans to reduce its workforce by 33%, while pursuing strategic alternatives, including a capital raise from strategic investors, OUS partnerships, or a merger/sale. 4. Louisiana-Pacific (LPX) downgraded to Neutral from Buy at Buckingham with the firm citing recent share strength that has made risk/reward more balanced. 5. LVMH (LVMUY) downgraded to Hold from Buy at Societe Generale with analyst Thierry Cota citing a lack of upside following the stock's recent rally. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/13/17
PIPR
04/13/17
NO CHANGE
PIPR
Neutral
Piper sees Wells Fargo underperforming peers today on 'lower quality' earnings
Piper Jaffray analyst Kevin Barker estimates operating earnings of 98c per share at Wells Fargo (WFC) in Q1 after adjusting for tax and hedging, also noting that its net interest margin was flat despite the increase in rates and that its efficiency ratio jumped "well above" the bank's long-term target. Citing what he views as "lower quality" earnings, Barker expects Wells Fargo shares to underperform peers today. JPMorgan (JPM), Citi (C) and PNC Financial (PNC) all also reported results this morning. Barker keeps a Neutral rating on Wells Fargo shares.
04/13/17
NOMU
04/13/17
NO CHANGE
NOMU
'Many think Wells Fargo EPS came in below expectations, says Nomura Instinet
Nomura Instinet analyst Bill Carcache says that "many investors" believe that Wells Fargo's Q1 EPS came in below expectations, given the 3c per share in reserve releases and the 7c per share profit it realized on "market-sensitive revenues" it reported. The analyst says that the "Results were characterized by softer- than-expected top-line growth, higher expenses, and lower provision." He notes that Wells Fargo, like JPMorgan (JPM) and Citi (C), reported slower loan growth. However, he keeps a Buy rating on Wells Fargo.

TODAY'S FREE FLY STORIES

GE

General Electric

$18.14

-0.625 (-3.33%)

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HMNY

Helios and Matheson

$7.64

-0.42 (-5.21%)

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EEM

MSCI Emerging Markets Index

$49.79

0.275 (0.56%)

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Options
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C

Citi

$77.54

0.695 (0.90%)

10:38
01/16/18
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Citi CFO says U.S. Retail Services growing slightly above outlook »

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VPG

Vishay Precision

$27.30

0.55 (2.06%)

10:38
01/16/18
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Conference/Events
Vishay Precision management to meet with Sidoti »

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SITE

SiteOne Landscape

$71.28

-0.2 (-0.28%)

10:37
01/16/18
01/16
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Conference/Events
SiteOne Landscape management to meet with William Blair »

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IWM

iShares Trust Russell 2000 Index Fund

$159.21

1.05 (0.66%)

, RUT

Russell 2000 Index

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Technical Analysis
Technical View: Russell 2000 Index crosses above 1600, new life high »

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IWM

iShares Trust Russell 2000 Index Fund

$159.21

1.05 (0.66%)

RUT

Russell 2000 Index

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LPTH

LightPath

$2.42

0.09 (3.86%)

10:36
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LightPath management to meet with Roth Capital »

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  • 16

    Jan

LOW

Lowe's

$104.00

3.14 (3.11%)

10:35
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Conference/Events
Lowe's management to meet with UBS »

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  • 18

    Feb

GE

General Electric

$18.17

-0.595 (-3.17%)

10:35
01/16/18
01/16
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10:35
Periodicals
GE breakup likely, announcement may come this Spring, CNBC reports »

CNBC's David Faber…

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C

Citi

$77.56

0.715 (0.93%)

10:33
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Hot Stocks
Breaking Hot Stocks news story on Citi »

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10:33
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01/16
10:33
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Conference/Events
UBS leisure analyst holds an analyst/industry conference call »

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ITRN

Ituran

$35.30

1.25 (3.67%)

10:33
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01/16
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Conference/Events
Ituran management to meet with Jefferies »

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C

Citi

$77.50

0.66 (0.86%)

10:33
01/16/18
01/16
10:33
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10:33
Hot Stocks
Breaking Hot Stocks news story on Citi »

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    Jan

AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

, UBS

UBS

$19.62

0.03 (0.15%)

10:32
01/16/18
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On The Fly: Top five analyst initiations »

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AXTA

Axalta Coating

$31.99

-0.45 (-1.39%)

UBS

UBS

$19.62

0.03 (0.15%)

CS

Credit Suisse

$19.04

0.08 (0.42%)

NTR

Nutrien

$53.31

-0.12 (-0.22%)

CBM

Cambrex

$52.80

1.15 (2.23%)

DRNA

Dicerna

$8.42

-0.01 (-0.12%)

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  • 24

    Jan

UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

, UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

10:32
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On The Fly: Top five analyst downgrades »

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UA

Under Armour; also tag UAA

$13.13

-1.01 (-7.14%)

UAA

Under Armour; also tag UA

$14.21

-0.91 (-6.02%)

VZ

Verizon

$51.84

-0.023 (-0.04%)

LMT

Lockheed Martin

$336.31

0.06 (0.02%)

COL

Rockwell Collins

$138.14

0.31 (0.22%)

SAVE

Spirit Airlines

$47.19

-1.07 (-2.22%)

FNSR

Finisar

$22.74

0.48 (2.16%)

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  • 23

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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

, TWTR

Twitter

$24.88

-0.535 (-2.11%)

10:32
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Upgrade
On The Fly: Top five analyst upgrades »

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QCOM

Qualcomm

$65.38

-0.05 (-0.08%)

TWTR

Twitter

$24.88

-0.535 (-2.11%)

PG

Procter & Gamble

$90.31

0.7 (0.78%)

NOC

Northrop Grumman

$317.94

2.79 (0.89%)

CW

Curtiss-Wright

$133.63

4.893 (3.80%)

ADTN

Adtran

CIEN

Ciena

$22.69

0.75 (3.42%)

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  • 06

    Mar

TWTR

Twitter

$24.85

-0.565 (-2.22%)

10:32
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Periodicals
Greenlight took 'small' stake in Twitter in Q4, Bloomberg reports »

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  • 17

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XLF

Financial Select Sector

$29.38

0.15 (0.51%)

10:30
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Options
Notable spread in SPDR Financials as the sector sees strength »

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10:29
01/16/18
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10:29
Conference/Events
UBS automotive analyst holds an analyst/industry conference call »

Automotive Analyst Hummel…

10:28
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General news
Tax reform optimism, Merck help push Dow up 1% to over 26,000 »

Stock futures were strong…

C

Citi

$77.60

0.76 (0.99%)

10:27
01/16/18
01/16
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10:27
Hot Stocks
Citi CFO sees branded-cards NCL rate rising to 300bps in 2018 »

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CF

CF Industries

$41.63

-1.8919 (-4.35%)

10:26
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Technical Analysis
Technical View: CF Industries falls sharply to session lows »

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10:25
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General news
U.S. corporate bond update: moderate issuance is expected »

U.S. corporate bond…

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Conference/Events
BMO Capital specialty pharma analyst holds analyst/industry conference call »

Specialty Pharmaceutical…

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