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WFC

Wells Fargo

$50.72

1.85 (3.79%)

07:18
09/30/19
09/30
07:18
09/30/19
07:18

Wells Fargo upgraded to Buy from Hold at Argus

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WFC Wells Fargo
$50.72

1.85 (3.79%)

09/10/19
UBSW
09/10/19
DOWNGRADE
UBSW
Neutral
Wells Fargo downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez downgraded Wells Fargo to Neutal citing his reduced estimates for earnings and lower net interest income as a result of "limited line of sight" on the management's efficiency improvements.
09/10/19
UBSW
09/10/19
DOWNGRADE
Target $49
UBSW
Neutral
Wells Fargo downgraded to Neutral from Buy at UBS
UBS analyst Saul Martinez downgraded Wells Fargo (WFC) to Neutral and lowered his price target on the stock to $49 from $51. The analyst attributes the rating change to his reduced estimates for earnings and lower net interest income along with the continued uncertainty and low visibility around the progress in the management's efficiency improvements. Martinez also cites Wells Fargo's relative valuation, with shares trading at 11.3-times expected FY20 earnings - a premium to JP Morgan's (JPM) 10.8-times, Bank of America's (BAC) 9.2-times, and Citigroup's (C) 7.9-times.
09/10/19
09/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Wendy's (WEN) downgraded to Neutral from Buy at Guggenheim and BTIG. 2. The Stars Group (TSG) downgraded to Underweight from Equal Weight at Barclays. 3. Whiting Petroleum (WLL) and Jagged Peak Energy (JAG) downgraded to Neutral from Buy at BofA/Merrill. 4. Dollar General (DG) downgraded to Market Perform from Outperform at Bernstein with analyst Brandon Fletcher saying he believes its future story is well understood, and the upside is probably priced into the stock already. 5. Wells Fargo (WFC) downgraded to Neutral from Buy at UBS with analyst Saul Martinez citing his reduced estimates for earnings and lower net interest income along with the continued uncertainty and low visibility around the progress in the management's efficiency 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.
09/24/19
MSCO
09/24/19
NO CHANGE
MSCO
Large-cap banks aren't gaining deposit market share, says Morgan Stanley
Morgan Stanley analyst Ken Zerbe said he continues to hear the "false narrative" that large-cap banks must be gaining market share due to their superior technology, but he insists they are not and that small and mid-cap banks have consistently gained deposit market share over the last five years. Individual large-cap banks that have had the biggest deposit share gains include Goldman Sachs (GS), Ally Financial (ALLY) and Synchrony Financial (SYF), while mid-cap banks that have delivered the biggest gains in share of total deposits include First Republic (FRC), KeyCorp (KEY) and Huntington (HBAN), Zerbe tells investors. Large-cap banks that have seen the largest declines in their respective individual shares of total deposits include JPMorgan (JPM), Wells Fargo (WFC) and Citigroup (C), while deposit share losers among mid-cap banks include Comerica (CMA), Prosperity Bancshares (PB) and Zions (ZION), said Zerbe.

TODAY'S FREE FLY STORIES

SNNA

Sienna Biopharmaceuticals

$0.16

-0.008 (-4.74%)

08:47
11/14/19
11/14
08:47
11/14/19
08:47
Hot Stocks
Sienna Biopharmaceuticals says Nasdaq panel grants request for continued listing »

Sienna Biopharmaceuticals…

03/08/13
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03/06/13
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FTNT

Fortinet

$99.69

-0.245 (-0.25%)

08:47
11/14/19
11/14
08:47
11/14/19
08:47
Conference/Events
Fortinet management to meet with MKM Partners »

Meeting to be held in New…

03/08/13
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PRSP

Perspecta

$27.79

-0.18 (-0.64%)

08:46
11/14/19
11/14
08:46
11/14/19
08:46
Hot Stocks
Perspecta Labs wins $6.6M award on DARPA GAPS program »

Perspecta announced that…

03/08/13
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03/06/13
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SRPT

Sarepta

$101.00

0.99 (0.99%)

08:45
11/14/19
11/14
08:45
11/14/19
08:45
Hot Stocks
Sarepta announces collaboration, license agreement with StrideBio »

arepta Therapeutics…

03/08/13
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03/06/13
Citigroup
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XNET

Xunlei

$5.79

0.07 (1.22%)

, AMC

AMC Entertainment

$8.77

-0.51 (-5.50%)

08:45
11/14/19
11/14
08:45
11/14/19
08:45
Options
Largest borrow rate increases among liquid names »

Latest data shows the…

XNET

Xunlei

$5.79

0.07 (1.22%)

AMC

AMC Entertainment

$8.77

-0.51 (-5.50%)

CGC

Canopy Growth

$18.52

-0.69 (-3.59%)

NLOK

NortonLifeLock

$24.57

0.36 (1.49%)

FB

Facebook

$193.20

-1.27 (-0.65%)

HGV

Hilton Grand Vacations

$35.24

-0.07 (-0.20%)

HEXO

Hexo

$1.99

-0.14 (-6.59%)

ADT

ADT Inc.

$8.36

0.66 (8.57%)

BUD

AB InBev

$79.37

0.28 (0.35%)

ABB

ABB

$21.93

0.11 (0.50%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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UBER

Uber

$26.70

(0.00%)

08:43
11/14/19
11/14
08:43
11/14/19
08:43
Upgrade
Uber rating change  »

Uber upgraded to Buy from…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 19

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WMT

Walmart

$121.06

1.93 (1.62%)

08:43
11/14/19
11/14
08:43
11/14/19
08:43
Recommendations
Walmart analyst commentary  »

Baird says positive…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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  • 14

    Nov

PUFXF

Agraflora Organics

$0.00

(0.00%)

08:41
11/14/19
11/14
08:41
11/14/19
08:41
Hot Stocks
Agraflora Organics introduces organic lip balm SKU into 200 Gateway Newstands »

AgraFlora Organics…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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REED

Reed's

$0.72

0.0221 (3.17%)

08:41
11/14/19
11/14
08:41
11/14/19
08:41
Recommendations
Reed's analyst commentary  »

Reed's price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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08:40
11/14/19
11/14
08:40
11/14/19
08:40
General news
U.S. initial jobless claims jumped 14k to 225k in the week ended October 9 »

U.S. initial jobless…

08:40
11/14/19
11/14
08:40
11/14/19
08:40
General news
FX Action: The dollar »

FX Action: The dollar was…

FCN

FTI Consulting

$105.68

0.095 (0.09%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Conference/Events
FTI Consulting management to meet with SunTrust »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 15

    Nov

TIXC

Tix Corp

$0.00

(0.00%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Earnings
Tix Corp reports Q3 EPS (6c) vs. (2c) last year »

Reports Q3 revenue $3.13M…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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NTAP

NetApp

$60.04

-0.08 (-0.13%)

08:39
11/14/19
11/14
08:39
11/14/19
08:39
Recommendations
NetApp analyst commentary  »

NetApp price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 20

    Nov

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ENPH

Enphase Energy

$18.93

-0.195 (-1.02%)

08:38
11/14/19
11/14
08:38
11/14/19
08:38
Hot Stocks
Enphase Energy says Vision Solar leverages products for customer experience »

Enphase Energy announced…

03/08/13
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03/06/13
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IMMP

Immutep

$1.77

-0.135 (-7.11%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Hot Stocks
Immutep announces European patent grant for LAG525 antibody »

Immutep announced the…

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

CytoSorbents

$4.44

0.05 (1.14%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Conference/Events
CytoSorbents management to meet with B. Riley FBR »

Meeting to be held in New…

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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  • 15

    Nov

CCMP

Cabot Microelectronics

$156.67

0.28 (0.18%)

08:36
11/14/19
11/14
08:36
11/14/19
08:36
Downgrade
Cabot Microelectronics rating change  »

Cabot Microelectronics…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Nov

RMBL

RumbleON

$1.50

-0.83 (-35.62%)

08:35
11/14/19
11/14
08:35
11/14/19
08:35
Recommendations
RumbleON analyst commentary  »

RumbleON price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 21

    Nov

LINC

Lincoln Educational

$1.90

(0.00%)

08:35
11/14/19
11/14
08:35
11/14/19
08:35
Earnings
Lincoln Educational sees FY19 revenue, student starts up 3%-5% »

Ex. Transitional segment.…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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08:35
11/14/19
11/14
08:35
11/14/19
08:35
General news
U.S. PPI rose 0.4% in October, with the core rate up 0.3% »

U.S. PPI rose 0.4% in…

LINC

Lincoln Educational

$1.90

(0.00%)

08:34
11/14/19
11/14
08:34
11/14/19
08:34
Earnings
Lincoln Educational reports Q3 EPS 5c, one est. 9c »

Reports Q3 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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AMPY

Amplify Energy

$6.22

-0.17 (-2.66%)

08:34
11/14/19
11/14
08:34
11/14/19
08:34
Initiation
Amplify Energy initiated  »

Amplify Energy initiated…

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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08:34
11/14/19
11/14
08:34
11/14/19
08:34
General news
Jobless Claims data reported »

Week of 11/9 Jobless…

RBBN

Ribbon Communications

$4.05

-0.04 (-0.98%)

08:33
11/14/19
11/14
08:33
11/14/19
08:33
Hot Stocks
Ribbon Communications to acquire ECI Telecom Group in cash and stock deal »

Ribbon Communications…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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