News

Wells Fargo just delivered a contrarian gut check to Nike (NYSE:NKE) stock bulls, downgrading the athletic wear giant to Equal Weight from Overweight and trimming its price target to $45 from $55. The call lands with Nike stock already under pressure, down roughly 30% year to date (YTD) and off 25% over the past year. ... Wells Fargo Downgrades Nike to Equal Weight: GLP-1 Mega-Trend Threatens the Athletic Wear Giant

C targets higher profitability through 2031 as cost cuts, AI-driven productivity and $30B buybacks support its turnaround strategy.

Plus, Smarsh rolls out AI compliance tools, Merit approves Advisor360°, RedBlack integrates with CAIS and InspereX debuts its Aria Insights Hub.

FuelCell Energy’s updated analyst narrative now centers on a reset in the price target to US$6 from US$7, alongside a trimmed fair value estimate to US$8.24 from US$8.71. Analysts are revisiting their views after the Q1 miss, weighing the large data center focused proposal pipeline against ongoing execution concerns and competitive pressure from peers with fewer supply constraints. Read on to see what these shifts mean for how you might track the story as it develops, and what to watch next...

The financial sector has been weak while the rest of the market rallies — something that happened before the last big bear markets.

Citigroup boosted a closely watched profitability target and outlined new growth plans for its business lines as executives held its first firmwide investor day in four years on Thursday. The announcement initially appeared to underwhelm investors, with shares of Citi falling as much as 4% in premarket trading before reversing course and outperforming the broader market by midday. Citi’s stock rose 1.8% in afternoon trading while the fell 0.4%.

The Bartoli Private Wealth Management Group is the third billion-dollar team to join Wells Fargo this month.

The fair value price target for Wells Fargo has been adjusted to US$96.63 from US$96.17, a move of about 0.5% that keeps the headline target essentially in the same range. Behind that small change is a busy period of analyst activity, with target cuts, rating shifts, and a handful of upgrades all influencing how research teams are thinking about where the stock should trade on updated earnings work. As you read on, you will see how to track these shifts and what to watch as the narrative...

(Bloomberg) -- The dollar wraps up Wednesday at the weakest level since February as investors are hopeful of the imminent end to the US-Iran war. Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Trump Supreme Court Carroll AppealTrump Pauses Plan to Guide Ships While Seeking Iran DealA gauge of the dollar fell 0.6%

In less than a week, Wells Fargo Advisors announced the addition of two teams from Morgan Stanley and one from UBS, which had been overseeing in total more than $9 billion in client assets.

(Bloomberg) -- Investor worries over higher energy prices and elections that look to be disastrous for the government pushed the UK’s long-term borrowing costs to the highest level since 1998 this week. The pound wasn’t fazed.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksDOJ Plans Intervention in Trump Supreme Court Carroll AppealTrump P

Wells Fargo strategists say some factors that have been driving the market higher are played out.

Many Wells Fargo & Company ( NYSE:WFC ) insiders ditched their stock over the past year, which may be of interest to...

Meta Platforms is working with a slightly trimmed fair value estimate of US$829.23, down from US$835.54, as updated model inputs filter through to the headline price target. This adjustment sits alongside a busy period of analyst debate around AI spending, legal risks and potential cost actions, all influencing how firms frame upside versus risk for the stock. As you read on, you will see how these shifting targets and narratives can help you track and interpret the evolving story around...

BEST PRACTICES Wells Fargo’s brokerage unit recruited another financial advisor team that oversaw $1.6 billion in client assets at UBS adding to Wells Fargo’s string of recent hires. The team, called AGT Private Wealth Group, joined Wells Fargo in Frisco, Texas on Friday.