Market News

Argus Reaffirms Buy Rating for Wells Fargo (WFC)

Argus Reaffirms Buy Rating for Wells Fargo (WFC)

Wells Fargo (NYSE:WFC)‘s stock had its “buy” rating restated by analysts at Argus in a research report issued to clients and investors on Monday. They currently have a $58.00 price target on the financial services provider’s stock. Argus’ target price would indicate a potential upside of 26.89% from the stock’s current price. In related news, […]
Zacks Investment Research Lowers Intuitive Surgical, Inc. (ISRG) to Sell

Zacks Investment Research Lowers Intuitive Surgical, Inc. (ISRG) to Sell

Intuitive Surgical, Inc. (NASDAQ:ISRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday. According to Zacks, “Intuitive Surgical faces the risk of lower capital spending by hospitals, particularly owing to healthcare reform in the U.S. and austerity measures in Europe. Naturally pricing pressure remains […]
IMAX Co. (IMAX) Cut to “Sell” at Zacks Investment Research

IMAX Co. (IMAX) Cut to “Sell” at Zacks Investment Research

IMAX Co. (NYSE:IMAX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday. According to Zacks, “IMAX’s second-quarter 2016 revenues are likely to be hurt by the disappointing box-office performance of movies like Alice Through the Looking Glass and Teenage Mutant Ninja Turtles: Out of […]
Hancock Holding Company (HBHC) Downgraded to Sell at Zacks Investment Research

Hancock Holding Company (HBHC) Downgraded to Sell at Zacks Investment Research

Hancock Holding Company (NASDAQ:HBHC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. According to Zacks, “Persistent margin compression, exposure to energy sector loans and impact of stringent regulations continue to be a drag on Hancock’s financials in the […]
Dover Corp (DOV) Cut to “Sell” at Zacks Investment Research

Dover Corp (DOV) Cut to “Sell” at Zacks Investment Research

Dover Corp (NYSE:DOV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday. According to Zacks, “Dover’s bookings and backlog declined during first-quarter 2016. This does not bode well for the company’s second-quarter 2016 performance. Moreover, foreign exchange volatility & soft oil orders throughout the […]
Qorvo Inc (QRVO) Receives New Coverage from Analysts at Morgan Stanley

Qorvo Inc (QRVO) Receives New Coverage from Analysts at Morgan Stanley

Analysts at Morgan Stanley initiated coverage on shares of Qorvo Inc (NASDAQ:QRVO) in a research note issued to investors on Monday. The brokerage set an “equal weight” rating on the stock. Shares of Qorvo (NASDAQ:QRVO) opened at 54.94 on Monday. Qorvo has a one year low of $33.30 and a one year high of $82.25. […]
F5 Networks, Inc. (FFIV) Coverage Initiated at Wells Fargo

F5 Networks, Inc. (FFIV) Coverage Initiated at Wells Fargo

Analysts at Wells Fargo began coverage on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a research report issued on Monday. The firm set a “buy” rating on the network technology company’s stock. FFIV has been the subject of a number of other reports. Robert W. Baird reiterated a “neutral” rating and set a $110.00 target […]
TJX Companies Inc (TJX) Stock Rating Reaffirmed by Wells Fargo

TJX Companies Inc (TJX) Stock Rating Reaffirmed by Wells Fargo

TJX Companies Inc (NYSE:TJX)‘s stock had its “buy” rating restated by stock analysts at Wells Fargo in a note issued to investors on Monday. Several hedge funds recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of TJX Companies by 1.3% in the fourth quarter. Vanguard Group Inc. now […]
Wells Fargo (WFC) Rating Reiterated by Argus

Wells Fargo (WFC) Rating Reiterated by Argus

Wells Fargo (NYSE:WFC)‘s stock had its “buy” rating reissued by stock analysts at Argus in a note issued to investors on Monday. They presently have a $58.00 target price on the financial services provider’s stock. Argus’ price target suggests a potential upside of 26.89% from the company’s previous close. In other Wells Fargo news, EVP […]
Verizon Communications Inc. (VZ) Downgraded to Sell at Zacks Investment Research

Verizon Communications Inc. (VZ) Downgraded to Sell at Zacks Investment Research

Verizon Communications Inc. (NYSE:VZ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday. According to Zacks, “Verizon expects second-quarter 2016 earnings to be hurt by $0.05 to $0.07 due to the recent employee strike in its wireline division. Meanwhile, spectrum crunch has become a […]
Adobe Systems Incorporated (ADBE) Upgraded to Buy at Zacks Investment Research

Adobe Systems Incorporated (ADBE) Upgraded to Buy at Zacks Investment Research

Adobe Systems Incorporated (NASDAQ:ADBE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $103.00 target price on the software company’s stock. Zacks Investment Research’s price objective indicates a potential upside of 11.71% from the […]
Charles Schwab Corp (SCHW) Cut to “Sell” at Zacks Investment Research

Charles Schwab Corp (SCHW) Cut to “Sell” at Zacks Investment Research

Charles Schwab Corp (NYSE:SCHW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday. According to Zacks, “Estimates have been going down ahead of Schwab’s second-quarter earnings release. With the company’s business model highly sensitive to interest rates, the prevailing low interest rate […]
Alnylam Pharmaceuticals, Inc. (ALNY) Rating Lowered to Sell at Zacks Investment Research

Alnylam Pharmaceuticals, Inc. (ALNY) Rating Lowered to Sell at Zacks Investment Research

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday. According to Zacks, “Alnylam, which focuses on the development and commercialization of RNAi therapeutics, is a development-stage company with no approved products in its portfolio. Investor focus is on its progress […]
PPL Corp (PPL) Downgraded by Barclays

PPL Corp (PPL) Downgraded by Barclays

PPL Corp (NYSE:PPL) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Monday, The Fly reports. Several large investors have bought and sold shares of PPL. CapWealth Advisors LLC raised its stake in PPL Corp by 7.0% in the first quarter. […]
Illinois Tool Works Inc. (ITW) Rating Lowered to Hold at Zacks Investment Research

Illinois Tool Works Inc. (ITW) Rating Lowered to Hold at Zacks Investment Research

Illinois Tool Works Inc. (NYSE:ITW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday. According to Zacks, “Over the long run, Illinois Tool Works' organic growth tactics and the current long-term Enterprise Strategy is likely to prove beneficial. Also, a sound capital allocation policy […]
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