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WFC

Wells Fargo

$50.72

1.85 (3.79%)

07:32
09/30/19
09/30
07:32
09/30/19
07:32

Wells Fargo upgraded to Buy from Hold at Argus

Argus analyst Stephen Biggar upgraded Wells Fargo to Buy with a price target of $60 after the company named Charlie Scharf as its new CEO last week. The analyst is positive on Scharf's "impressive industry background" to improve Wells Fargo's financial performance, noting that he is a former protege of JPMorgan's Jamie Dimon. Biggar expects the new CEO to initially focus on addressing the company's regulatory issues which had stifled growth and working toward removal of the Federal Reserve's $2T asset cap imposed on the bank. The analyst adds that this removal should be a "strong catalyst" for Wells Fargo shares.

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WFC Wells Fargo
$50.72

1.85 (3.79%)

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.
09/30/19
ARGS
09/30/19
UPGRADE
ARGS
Buy
Wells Fargo upgraded to Buy from Hold at Argus

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HBT

HBT Financial

$16.99

0.18 (1.07%)

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HBT Financial director Patrick Busch buys over 13K shares of company stock »

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TMO

Thermo Fisher

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3.82 (1.29%)

, QGEN

Qiagen

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3.26 (10.11%)

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Thermo Fisher considering purchase of Qiagen, Bloomberg reports »

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TMO

Thermo Fisher

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QGEN

Qiagen

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AOBC

American Outdoor Brands

$7.90

0.22 (2.86%)

17:36
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Conference/Events
American Outdoor Brands to hold a conference call »

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CRK

Comstock Resources

$7.18

0.3 (4.36%)

17:33
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17:33
Syndicate
Breaking Syndicate news story on Comstock Resources »

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SU

Suncor

$31.90

0.02 (0.06%)

17:32
11/13/19
11/13
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17:32
Hot Stocks
Suncor increases share repurchase program by $500M »

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VRRM

Verra Mobility

$14.70

0.045 (0.31%)

17:24
11/13/19
11/13
17:24
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17:24
Syndicate
Verra Mobility files to sell 15M shares of Class A common stock for holders »

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  • 13

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EQ

Equillium

$3.20

-0.19 (-5.60%)

17:22
11/13/19
11/13
17:22
11/13/19
17:22
Syndicate
Breaking Syndicate news story on Equillium »

Equillium files $250M…

03/08/13
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  • 07

    Dec

PAG

Penske Automotive

$51.36

0.015 (0.03%)

17:13
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11/13
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17:13
Syndicate
Breaking Syndicate news story on Penske Automotive »

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  • 13

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LLY

Eli Lilly

$112.85

-0.31 (-0.27%)

17:12
11/13/19
11/13
17:12
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17:12
Hot Stocks
FDA committee says benefits of empagliflozin do not outweigh risks »

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  • 30

    Jan

PRTH

Priority Technology

$3.24

-0.03 (-0.92%)

17:08
11/13/19
11/13
17:08
11/13/19
17:08
Earnings
Priority Technology reports Q3 EPS (9c), one estimate (12c) »

Reports Q3 revenue…

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DPZ

Domino's Pizza

$279.24

1.185 (0.43%)

17:07
11/13/19
11/13
17:07
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17:07
Hot Stocks
Domino's Pizza's Goldman sells 2,486 common shares »

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

17:04
11/13/19
11/13
17:04
11/13/19
17:04
Periodicals
WeWork reported $1.25B loss in Q3, NY Times reports »

WeWork (WE) lost $1.25B…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

03/08/13
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GLYC

GlycoMimetics

$6.27

0.31 (5.20%)

17:02
11/13/19
11/13
17:02
11/13/19
17:02
Initiation
GlycoMimetics initiated  »

GlycoMimetics resumed…

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03/06/13
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BLK

BlackRock

$485.67

-1.24 (-0.25%)

17:00
11/13/19
11/13
17:00
11/13/19
17:00
Hot Stocks
BlackRock CFO sells nearly 4,000 common shares »

In a regulatory filing,…

03/08/13
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  • 10

    Dec

ARVN

Arvinas

$28.35

1.85 (6.98%)

16:58
11/13/19
11/13
16:58
11/13/19
16:58
Initiation
Arvinas initiated  »

Arvinas initiated with a…

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FEYE

FireEye

$17.09

-0.04 (-0.23%)

16:57
11/13/19
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Recommendations
FireEye analyst commentary  »

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  • 09

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CSCO

Cisco

$48.44

0.06 (0.12%)

16:54
11/13/19
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16:54
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16:54
Hot Stocks
Cisco says cyber security is a top priority for customers »

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JPM

JPMorgan

$128.49

-0.65 (-0.50%)

16:54
11/13/19
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16:54
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16:54
Periodicals
JPMorgan's new HQ plan clears path for another NYC tower, Bloomberg says »

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SIBN

SI-Bone

$17.88

0.14 (0.79%)

16:53
11/13/19
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16:53
11/13/19
16:53
Syndicate
Breaking Syndicate news story on SI-Bone »

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RLI

RLI Corp.

$97.43

0.78 (0.81%)

16:52
11/13/19
11/13
16:52
11/13/19
16:52
Hot Stocks
RLI Corp. declares special cash dividend of $1.00 per share »

Payable on December 20 to…

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  • 21

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CPA

Copa Holdings

$107.71

1.89 (1.79%)

16:52
11/13/19
11/13
16:52
11/13/19
16:52
Hot Stocks
Copa Holdings reports Q3 load factor up 1.4pts to 85.6% »

Copa Holdings reports Q3…

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  • 14

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XBIT

XBiotech

$11.42

0.18 (1.60%)

16:50
11/13/19
11/13
16:50
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16:50
Recommendations
XBiotech analyst commentary  »

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AOBC

American Outdoor Brands

$7.90

0.22 (2.86%)

16:50
11/13/19
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16:50
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Hot Stocks
Breaking Hot Stocks news story on American Outdoor Brands »

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CPA

Copa Holdings

$107.71

1.89 (1.79%)

16:48
11/13/19
11/13
16:48
11/13/19
16:48
Earnings
Copa Holdings reports Q3 EPS $2.45, consensus $2.23 »

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  • 14

    Nov

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IDXG

Interpace Diagnostics

$0.78

0.0001 (0.01%)

, CGIX

Cancer Genetics

$2.93

-0.2 (-6.39%)

16:48
11/13/19
11/13
16:48
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Hot Stocks
Interpace Diagnostics changes name to Interpace Biosciences »

Interpace Diagnostics…

IDXG

Interpace Diagnostics

$0.78

0.0001 (0.01%)

CGIX

Cancer Genetics

$2.93

-0.2 (-6.39%)

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