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WFC

Wells Fargo

$51.29

-0.17 (-0.33%)

07:38
09/15/17
09/15
07:38
09/15/17
07:38

Wells Fargo revenue headwinds can persist, says UBS

UBS analyst Saul Martinez said proprietary analysis suggests Wells Fargo's difficult backdrop for client acquisition remains and the recent disclosures have kept the company in the spotlight for the wrong reasons. He believes earnings growth depends on efficiency improvement and more aggressive stock buybacks. Martinez maintained his Neutral rating and lowered his price target to $56 from $59 on Wells Fargo shares.

  • 13

    Oct

  • 29

    Nov

  • 12

    Jan

WFC Wells Fargo
$51.29

-0.17 (-0.33%)

07/31/17
BMOC
07/31/17
UPGRADE
BMOC
Market Perform
Wells Fargo upgraded on valuation at BMO Capital
As noted earlier, BMO Capital upgraded Wells Fargo (WFC) to Market Perform from Underperform. Analyst JamesFotheringham upgraded the stock based on valuation. In conjunction with the note, the firm downgraded Citi (C) to Market Perform from Outperform, and ended its pair trade call of going long Citi and short Wells Fargo. Target on Wells Fargo is $49.
07/31/17
BMOC
07/31/17
DOWNGRADE
BMOC
Market Perform
Citi downgraded on valuation, lack of catalysts at BMO Capital
As noted earlier, BMO Capital downgraded Citi (C) to Market Perform from Outperform. Analyst James Fotheringham downgraded the stock based on valuation and lack of catalysts. In conjunction with this note, he upgraded Wells Fargo (WFC) to Outperform from Market Perform and ended his pair trade call of going long Citi and short Wells Fargo. Target on Citi is $65.
07/31/17
07/31/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Altria Group (MO) upgraded to Sector Perform from Underperform at RBC Capital with analyst Nik Modi saying he believes the FDA's tobacco announcement on Friday was "very much in line" with industry expectations despite the surprise to investors. 2. American Airlines (AAL) upgraded to Outperform from Market Perform at Cowen. 3. Baidu (BIDU) upgraded to Buy from Neutral at Nomura Instinet with analyst Jialong Shi-NIHK citing accelerating revenue momentum driven by news feed ads and an undervalued video business. 4. Wells Fargo (WFC) upgraded to Market Perform from Underperform at BMO Capital with analyst James Fotheringham citing valuation. The firm also ended its pair trade call of going long Citi (C) and short Wells Fargo. 5. GoPro (GPRO) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Yuuji Anderson saying valuation better reflects efforts to driver better product cycles through software improvements. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/14/17
SBSH
09/14/17
NO CHANGE
SBSH
Buy
Citi says business model not broken, time to buy Wells Fargo
Citi analyst Keith Horowitz proclaims now is the time to buy shares of Wells Fargo. Over the past year, the company's total return is up 7% versus 36% for peers, Horowitz tells investors in a research note. He attributes all the underperformance to lower multiple expansion. Wells now trades at the highest implied cost of equity at 10.9% on the analyst's valuation screen, which he says has historically been a very good buy indicator. Horowitz believes Wells Fargo's business improved, not broken. The company's issue is an "aggressive sales culture encouraged the wrong behavior leading to strong account generation," which had an immaterial impact to earnings, Horowitz writes. He believes the bank's fundamental outlook has not changed.

TODAY'S FREE FLY STORIES

NFLX

Netflix

$227.58

7.12 (3.23%)

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NTR

Nutrien

$53.07

0.07 (0.13%)

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NFLX

Netflix

$227.58

7.12 (3.23%)

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ADBE

Adobe

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ATUS

Altice USA

$21.90

0.6 (2.82%)

, ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:58
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Altice USA, Altice NV rating change  »

Altice USA upgraded to…

ATUS

Altice USA

$21.90

0.6 (2.82%)

ALLVF

Altice NV

$11.35

0.3675 (3.35%)

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NFLX

Netflix

$227.58

7.12 (3.23%)

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  • 30

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ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:55
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Altice NV rating change  »

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RHT

Red Hat

$128.01

2.07 (1.64%)

04:55
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Red Hat participates in a conference call with Bernstein »

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  • 23

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CAMP

CalAmp

$23.13

0.02 (0.09%)

04:55
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  • 23

    Jan

AYR

Aircastle

$24.23

-0.03 (-0.12%)

04:55
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Aircastle management to meet with Oppenheimer »

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  • 23

    Jan

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    Jan

CRNCY

Cairn Energy

$6.15

0.11 (1.82%)

04:55
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Cairn Energy management to meet with RBC Capital »

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  • 23

    Jan

SRE

Sempra Energy

$105.05

-0.94 (-0.89%)

04:55
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Sempra Energy management to meet with Wolfe Research »

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  • 23

    Jan

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    Jan

TRN

Trinity Industries

$36.51

-0.15 (-0.41%)

04:55
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Trinity Industries management to meet with Wedbush »

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  • 23

    Jan

EPE

EP Energy

$2.48

0.17 (7.36%)

04:55
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EP Energy to hold a conference call »

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  • 23

    Jan

04:55
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Wolfe Research utilities analyst to hold a luncheon meeting »

Senior Utilities Analyst…

CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

, CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

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Morgan Stanley to hold a tour »

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CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

NBLX

Noble Midstream

$56.22

1.12 (2.03%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SHLX

Shell Midstream

$30.46

0.33 (1.10%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

WES

Western Gas Partners

$53.74

1.43 (2.73%)

WGP

Western Gas Equity

$41.91

1.49 (3.69%)

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  • 23

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

, CEQP

Crestwood Equity

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BPL

Buckeye Partners

$55.97

0.95 (1.73%)

CEQP

Crestwood Equity

$28.50

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ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

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EnLink Midstream Partners

$18.08

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EPD

Enterprise Products

$29.40

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PAA

Plains All American

$23.05

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SEP

Spectra Energy Partners

$43.40

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SHLX

Shell Midstream

$30.46

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TRGP

Targa Resources

$51.00

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WES

Western Gas Partners

$53.74

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  • 23

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SBOW

SilverBow Resources

$31.45

-0.79 (-2.45%)

04:55
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SilverBow Resources management to meet with Stephens »

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  • 23

    Jan

  • 24

    Jan

SIG

Signet Jewelers

$55.87

0.8 (1.45%)

04:55
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Signet Jewelers management to meet with Buckingham »

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  • 23

    Jan

  • 24

    Jan

BNED

Barnes & Noble Education

$7.71

0.01 (0.13%)

04:55
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Barnes & Noble Education management to meet with Sidoti »

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  • 23

    Jan

FCPT

Four Corners Property Trust

$24.13

0.45 (1.90%)

04:55
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Four Corners Property Trust management to meet with JMP Securities »

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  • 23

    Jan

PRQR

ProQR Therapeutics

$3.03

0.025 (0.83%)

04:55
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ProQR Therapeutics to h old an investor event »

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  • 23

    Jan

  • 19

    Feb

BRG

Bluerock Residential

$9.22

0.03 (0.33%)

04:55
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Bluerock Residential management to meet with JMP Securities »

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  • 23

    Jan

UNF

UniFirst

$171.15

0.2 (0.12%)

04:55
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UniFirst management to meet with Northcoast »

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  • 23

    Jan

ABEO

Abeona Therapeutics

$14.85

0.25 (1.71%)

04:55
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Abeona Therapeutics management to meet with RBC Capital »

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  • 23

    Jan

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