The Latest Breaking News from Wells Fargo

Wells Fargo has decided to maintain its Overweight rating of Morphic Holding (NASDAQ:MORF) and lower its price target from $81.00 to $79.00. Shares of Morphic Holding are trading down 3.76% over the last 24 hours, at $33.25 per share.

On today's episode of "Professional Golfers, They're Just Like Us!" we welcome Marc Leishman to the mix.

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Analyst views remain mixed post Skyworks Solutions, Inc's (NASDAQ: SWKS) 

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Wells Fargo is reiterating its Overweight rating after Kezar Life Sciences Inc's (NASDAQ:KZR) zeto (KZR-616) Phase 2 trial in dermatomyositis/polymyositis failed to top placebo on the trial's primary endpoint of mean total improvement score (TIS). The analysts had viewed the program as a free call option for shares at these levels and argued that there…

Penumbra Inc (NYSE:PEN) reported Q1 sales that beat Street expectations, driven by Vascular upside, and reiterated its 2022 revenue guidance.  Wells Fargo lowered the price target to $265 from 321, which is equivalent to a 52.2% upside.  At 9.5x (down from 12x as peer group valuation has been compressed) with a 2023 sales estimate of…

Shares of several companies in the broader financial services sector, including Wells Fargo & Co (NYSE: WFC), are trading higher amid overall market strength after the Federal Reserve announced it would raise the key interest rate by 50 basis points.

Simpson's commute is 20 minutes this year compared to the normal two.

Airbnb Inc (NASDAQ: ABNB) shares traded higher by 4.9% on Wednesday after the company reported big first-quarter earnings growth and said it expects a sharp rebound in summer travel in 2022 as pandemic headwinds abate.

Wells Fargo has decided to maintain its Underweight rating of BP (NYSE:BP) and raise its price target from $29.00 to $31.00. Shares of BP are trading up 0.16% over the last 24 hours, at $31.23 per share. A move to $31.00 would account for a 0.74% decline from the current…