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WFC

Wells Fargo

$54.40

0.05 (0.09%)

07:26
12/02/19
12/02
07:26
12/02/19
07:26

Raymond James downgrades Wells Fargo to Underperform on expected earnings cuts

Raymond James analyst David Long downgraded Wells Fargo to Underperform from Market Perform without a price target. Negative earnings revisions will provide a headwind for Wells Fargo's shares, Long tells investors in a research note. The analyst, whose estimates are now below consensus, expects the bank's revenue to contract for the fourth straight year in 2020. Further, he believes Wells' profitability metrics will remain below-peer and that any profitability improvement plan initiated by new CEO Charlie Scharf would reduce earnings estimates before becoming accretive.

  • 14

    Jan

WFC Wells Fargo
$54.40

0.05 (0.09%)

10/16/19
BMOC
10/16/19
NO CHANGE
Target $57
BMOC
Market Perform
Wells Fargo price target lowered to $57 from $59 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Wells Fargo (WFC) to $57 and kept his Market Perform rating after its Q3 results. The analyst cites the bank's lower than expected net interest income along with a miss on fees and a higher than anticipated operating costs. Fotheringham contends that before the new Wells Fargo CEO arrives and administers a strategic review, there are better investment opportunities in large cap banks that include Citi (C), Bank of America (BAC), Capital One (COF) and Morgan Stanley (MS).
10/22/19
ODEN
10/22/19
DOWNGRADE
ODEN
Hold
Wells Fargo downgraded to Hold from Buy at Odeon Capital
Odeon Capital analyst Richard Bove downgraded Wells Fargo to Hold from Buy despite his view of the bank as "one of the most powerful companies in the United States" in spite of "all of its problems and all of its challenges." However, Wells' net interest margins will remain under pressure, sending its net interest income lower, while its costs are unlikely to decline any time soon and it faces more legal and regulatory issues, Bove tells investors.
11/15/19
ROTH
11/15/19
DOWNGRADE
Target $8
ROTH
Neutral
Mitek Systems downgraded on USAA litigation risk at Roth Capital
Roth Capital analyst Darren Aftahi downgraded Mitek Systems (MITK) to Neutral from Buy with a price target of $8, down from $12.50. The potential "trickle-down litigation risk" from USAA against Mitek's mobile deposit customer's acts is "too big of a risk/uncertainty to shares," Aftahi tells investors in a research note. He believes this could drag on for an extended period of time, causing distraction and additional legal costs. While Mitek does not believe it is the target of a lawsuit from USAA, the ruling in favor of USAA against Wells Fargo (WFC) could prove to be too big of a risk to justify buying Mitek shares currently, says Aftahi.
12/02/19
RAJA
12/02/19
DOWNGRADE
RAJA
Underperform
Wells Fargo downgraded to Underperform from Market Perform at Raymond James
Raymond James analyst David Long downgraded Wells Fargo to Underperform from Market Perform.

TODAY'S FREE FLY STORIES

CNQ

Canadian Natural

$29.38

0.04 (0.14%)

11:05
12/09/19
12/09
11:05
12/09/19
11:05
Conference/Events
Canadian Natural management to meet with JPMorgan »

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  • 10

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CLF

Cleveland-Cliffs

$8.56

0.425 (5.22%)

11:05
12/09/19
12/09
11:05
12/09/19
11:05
Options
Cleveland-Cliffs call volume above normal and directionally bullish »

Bullish option flow…

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APTO

Aptose Biosciences

$3.70

1.15 (45.10%)

11:04
12/09/19
12/09
11:04
12/09/19
11:04
Hot Stocks
Aptose Biosciences presents new preclinical CG-806 data at ASH meeting »

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APRE

Aprea Therapeutics

$29.97

3.77 (14.39%)

11:03
12/09/19
12/09
11:03
12/09/19
11:03
Hot Stocks
Aprea Therapeutics reports 88% ORR in Phase 1b/II APR-246, azacitidine trial »

Aprea Therapeutics…

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  • 09

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EHTH

eHealth

$91.23

1.14 (1.27%)

, WK

Workiva

$43.76

0.07 (0.16%)

11:03
12/09/19
12/09
11:03
12/09/19
11:03
Recommendations
The 21 smaller cap stocks SunTrust sees rallying over 20% in 2020 »

SunTrust polled its 34…

EHTH

eHealth

$91.23

1.14 (1.27%)

WK

Workiva

$43.76

0.07 (0.16%)

WIX

Wix.com

$120.90

1.02 (0.85%)

SAIL

SailPoint

$23.99

-0.32 (-1.32%)

EEFT

Euronet

$156.70

-0.84 (-0.53%)

SFIX

Stitch Fix

$24.87

0.74 (3.07%)

WGO

Winnebago

$47.83

-0.585 (-1.21%)

NWL

Newell Brands

$19.09

0.03 (0.16%)

ERI

Eldorado Resorts

$53.21

-0.35 (-0.65%)

VAC

Marriott Vacations

$123.69

-0.18 (-0.15%)

PTCT

PTC Therapeutics

$49.03

-0.14 (-0.28%)

MNTA

Momenta

$17.94

-0.09 (-0.50%)

BDSI

BioDelivery Sciences

$6.39

-0.035 (-0.54%)

AXSM

Axsome Therapeutics

$44.40

-1.09 (-2.40%)

HDS

HD Supply

$40.24

0.32 (0.80%)

HUN

Huntsman

$23.18

0.35 (1.53%)

TRGP

Targa Resources

$35.95

0.125 (0.35%)

PDCE

PDC Energy

$23.36

0.16 (0.69%)

PE

Parsley Energy

$16.11

-0.11 (-0.68%)

ECPG

Encore Capital

$36.76

-0.09 (-0.24%)

FHN

First Horizon

$16.14

0.14 (0.88%)

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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VIAC

ViacomCBS

$39.86

0.16 (0.40%)

11:03
12/09/19
12/09
11:03
12/09/19
11:03
Hot Stocks
ViacomCBS joins OpenAP »

OpenAP announced that CBS…

03/08/13
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03/08/13
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03/06/13
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TCOM

Trip.com Group

$32.32

-0.56 (-1.70%)

11:02
12/09/19
12/09
11:02
12/09/19
11:02
Conference/Events
Trip.com Group management to meet with JPMorgan »

Meetings to be held in…

03/08/13
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  • 09

    Dec

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    Dec

  • 10

    Dec

  • 10

    Dec

STT

State Street

$77.50

0.46 (0.60%)

, DEO

Diageo

$162.05

(0.00%)

11:02
12/09/19
12/09
11:02
12/09/19
11:02
Hot Stocks
State Street names Brian Franz as chief information officer »

State Street Corporation…

STT

State Street

$77.50

0.46 (0.60%)

DEO

Diageo

$162.05

(0.00%)

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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  • 26

    Feb

THOR

Synthorx

$67.39

42.41 (169.78%)

11:00
12/09/19
12/09
11:00
12/09/19
11:00
Downgrade
Synthorx rating change  »

Synthorx downgraded to In…

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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BOLD

Audentes Therapeutics

$59.25

0.01 (0.02%)

10:59
12/09/19
12/09
10:59
12/09/19
10:59
Downgrade
Audentes Therapeutics rating change  »

Audentes Therapeutics…

03/08/13
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03/08/13
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03/06/13
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ITCI

Intra-Cellular

$11.05

0.85 (8.33%)

10:55
12/09/19
12/09
10:55
12/09/19
10:55
Options
Intra Cellular Therapies put volume heavy and directionally bearish »

Bearish flow noted in…

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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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  • 27

    Dec

CP

Canadian Pacific

$243.62

-1.86 (-0.76%)

10:52
12/09/19
12/09
10:52
12/09/19
10:52
Periodicals
Canadian Pacific crude train catches fire after derailing, Reuters reports »

A Canadian Pacific…

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QRVO

Qorvo

$109.98

3.3 (3.09%)

, SWKS

Skyworks

$103.99

2.59 (2.55%)

10:50
12/09/19
12/09
10:50
12/09/19
10:50
On The Fly
Qorvo, Skyworks jump as BofA expresses optimism about 5G prospects »

Shares or Qorvo (QRVO)…

QRVO

Qorvo

$109.98

3.3 (3.09%)

SWKS

Skyworks

$103.99

2.59 (2.55%)

AAPL

Apple

$269.73

-0.95 (-0.35%)

MRVL

Marvell

$23.75

-0.43 (-1.78%)

ADI

Analog Devices

$114.78

-1.17 (-1.01%)

XLNX

Xilinx

$91.80

-0.07 (-0.08%)

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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  • 12

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    Jan

AMZN

Amazon.com

$1,759.42

8.63 (0.49%)

, MSFT

Microsoft

$151.80

0.03 (0.02%)

10:46
12/09/19
12/09
10:46
12/09/19
10:46
Periodicals
Amazon says Trump exerted 'improper pressure' in Pentagon contract, WSJ reports »

Amazon (AMZN) is claiming…

AMZN

Amazon.com

$1,759.42

8.63 (0.49%)

MSFT

Microsoft

$151.80

0.03 (0.02%)

03/08/13
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  • 09

    Dec

CGC

Canopy Growth

$20.83

2.18 (11.69%)

10:45
12/09/19
12/09
10:45
12/09/19
10:45
Options
Canopy Growth call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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10:45
12/09/19
12/09
10:45
12/09/19
10:45
General news
FX Action: USD-JPY »

FX Action: USD-JPY was…

NOK

Nokia

$3.44

-0.04 (-1.15%)

, DDAIF

Daimler AG

$0.00

(0.00%)

10:44
12/09/19
12/09
10:44
12/09/19
10:44
Periodicals
Nokia pauses legal action against Daimler with mediation offer, Reuters reports »

Nokia (NOK) has…

NOK

Nokia

$3.44

-0.04 (-1.15%)

DDAIF

Daimler AG

$0.00

(0.00%)

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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SPPI

Spectrum

$9.83

(0.00%)

10:35
12/09/19
12/09
10:35
12/09/19
10:35
Options
Spectrum put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
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03/06/13
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03/06/13
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CTIC

CTI BioPharma

$0.95

(0.00%)

10:33
12/09/19
12/09
10:33
12/09/19
10:33
Hot Stocks
CTI BioPharma: PAC203 results show pactritinib 200mg 'well tolerated' »

CTI BioPharma announced…

03/08/13
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03/06/13
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03/06/13
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10:25
12/09/19
12/09
10:25
12/09/19
10:25
General news
Concerns over a year-end spike in the money markets »

Concerns over a year-end…

10:25
12/09/19
12/09
10:25
12/09/19
10:25
Conference/Events
JPMorgan Mexican strategist to hold an analyst/industry conference call »

Mexican Equity Strategist…

10:25
12/09/19
12/09
10:25
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10:25
Conference/Events
UBS alternative energy windham to hold an analyst/industry conference call »

Alternative Energy &…

ZG

Zillow

$40.54

-0.18 (-0.44%)

, SPCE

Virgin Galactic

$8.20

0.92 (12.64%)

10:20
12/09/19
12/09
10:20
12/09/19
10:20
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

ZG

Zillow

$40.54

-0.18 (-0.44%)

SPCE

Virgin Galactic

$8.20

0.92 (12.64%)

PAA

Plains All American

$17.29

-0.01 (-0.06%)

PAGP

Plains GP Holdings

$17.37

0.01 (0.06%)

SSKN

Strata Skin Sciences

$2.20

0.04 (1.85%)

ZYME

Zymeworks

$41.25

-0.45 (-1.08%)

03/08/13
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03/06/13
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03/06/13
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MMM

3M

$169.82

-1.675 (-0.98%)

, PNC

PNC Financial

$153.68

-0.13 (-0.08%)

10:20
12/09/19
12/09
10:20
12/09/19
10:20
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

MMM

3M

$169.82

-1.675 (-0.98%)

PNC

PNC Financial

$153.68

-0.13 (-0.08%)

M

Macy's

$14.96

-0.19 (-1.25%)

CVX

Chevron

$117.18

-0.8 (-0.68%)

HBIO

Harvard Bioscience

$2.83

-0.12 (-4.07%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 10

    Dec

  • 15

    Jan

QRVO

Qorvo

$109.72

3.04 (2.85%)

, SWKS

Skyworks

$104.55

3.15 (3.11%)

10:20
12/09/19
12/09
10:20
12/09/19
10:20
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

QRVO

Qorvo

$109.72

3.04 (2.85%)

SWKS

Skyworks

$104.55

3.15 (3.11%)

FATE

Fate Therapeutics

$19.69

6.05 (44.35%)

WING

Wingstop

$84.26

4.04 (5.04%)

HUN

Huntsman

$23.31

0.48 (2.10%)

FTV

Fortive

$74.68

1.82 (2.50%)

DOW

Dow Inc.

$53.29

0.04 (0.08%)

KRA

Kraton

$23.96

0.92 (3.99%)

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