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The Latest Breaking News from Wells Fargo

Wells Fargo Adds These 2 Stocks To "Recession Portfolio"

In the face of surging inflation and fears surrounding an economic slowdown, Wells Fargo has named Verizon Communications (VZ) and The Coca–Cola Company (KO) among the stocks it added to a portfolio to combat the current market slump. Let’s take a close look at these names.

StockNews.com

Wells Fargo Revises Ratings On These Homebuilders - Read Why

Wells Fargo analyst Deepa Raghavan changed homebuilder estimates, ratings, and price targets. According to the analyst, fundamental housing data will continue to deteriorate steadily from here, feeding negative investor sentiment. She seeks to estimate how far stocks can fall based on perceived risk.

Benzinga

Homebuilders Downgraded at Wells Fargo on Weak Housing Reports

The 30-year fixed mortgage rate averaged 5.78% in the week ended June 16, up from 3.11% in the week ended Dec. 30.

The Street

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6 Adobe Analysts React To Q2 Earnings Beat, Guidance Cut, Heightened Execution Risks

Adobe Inc (NASDAQ: ADBE) shares traded slightly higher on Friday after the company's full-year guidance disappointed Wall Street.

Benzinga

How High Does Harvard's Summers Think Unemployment Can Fly?

Economist Larry Summers says that if the Federal Reserve pushes interest rates high enough to control inflation, it may well cause recession.

The Street

Benzinga's Top Ratings Upgrades, Downgrades For June 17, 2022

Upgrades

Benzinga

10 Biggest Price Target Changes For Friday

B. Riley Securities cut American Eagle Outfitters, Inc. (NYSE: AEO) price target from $22 to $13. American Eagle Outfitters shares fell 1% to $11.74 in pre-market trading.

Benzinga

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How to Prepare For the Rest of 2022

Investment advisers see tough going for markets for the rest of the year.

The Street

Spotify Slows Down On Hiring Amid Macro Uncertainties

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

Benzinga

Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage. Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

Benzinga

McDonald's Makes Wells Fargo Recession Stock List

'A hard landing [for the economy] has become our base case,' as indicated by the two-year Treasury yield, Wells Fargo says.

The Street

Wells Fargo Maintains Overweight Rating for HF Sinclair: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of HF Sinclair (NYSE:DINO) and raise its price target from $52.00 to $67.00. Shares of HF Sinclair are trading up 2.95% over the last 24 hours, at $54.66 per share. A move to $67.00 would account for a 22.56% increase from…

Benzinga

What's on Wells Fargo List of Overweight Lodging REITs

Wells Fargo analysts recently met with 11 lodging REITs and came away with positive conclusions.

The Street

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Benzinga

Wells Fargo Bumps Up Greif's Price Target By 3%

Wells Fargo analyst Gabe Hajde raised the price target for Greif, Inc (NYSE:GEF) to $73 from $71 while maintaining the Overweight rating on the shares. The analyst increased the price target reflecting on what he believes to be the solid operational execution. Despite persistent supply chain challenges, Hajde is encouraged to see another quarter of…

Benzinga

Wells Fargo Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 12 strange trades.

The Street

Data Growth is Exploding Which is Good News for Data-Center REITs

With the world growing its data ever faster, Wells Fargo analysts see opportunities in beaten down real estate investment trusts tied to technology.

Benzinga

Why Wells Fargo Shares Are Getting Hammered Today

Wells Fargo & Co (NYSE: WFC) shares are trading lower by 5.50% at $40.33. Shares of several banks and financial services companies are trading lower amid overall market weakness after CPI data showed prices rose in May.

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Benzinga

Looking At Wells Fargo's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 19 strange trades.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 9, 2022

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Birmingham Post

Deal delays cause drop in sales at global security pass specialist Intercede, but outlook ‘positive’

Clients have included the US Department of Homeland Security, Boeing, Wells Fargo, Deutsche Telekom and Airbus

The Street

Microsoft is One of Six Stocks on Wells Fargo's Software List

The S&P Software & Services Select Industry Index has slumped 24% so far this year.

Benzinga

Wells Fargo Maintains Underweight Rating for Bed Bath & Beyond: Here's What You Need To Know

Wells Fargo has decided to maintain its Underweight rating of Bed Bath & Beyond (NASDAQ:BBBY) and lower its price target from $10.00 to $5.00. Shares of Bed Bath & Beyond are trading down 1.66% over the last 24 hours, at $8.28 per share.

Benzinga

Here's Why This Analyst Found MongoDB Well-Positioned For Further Share Gains

The financial analyst day, product sessions, and customer discussions at MongoDB, Inc (NASDAQ:MDB) World in New York increased confidence in Piper Sandler analyst Brent A. Bracelin. Bracelin found MDB well-positioned for further share gains within the $78 billion+ database management systems market. The combination of new product enhancements, including Atlas Serverless, Relational Migrator tool, and…

Benzinga

10 Biggest Price Target Changes For Wednesday

Wells Fargo cut Lowe's Companies, Inc. (NYSE: LOW) price target from $260 to $240. Lowe's shares fell 0.7% to $194.36 in pre-market trading.

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