The Latest Breaking News from Wells Fargo

A whale with a lot of money to spend has taken a noticeably bearish stance on Phillips 66. Looking at options history for Phillips 66 (NYSE:PSX) we detected 14 strange trades.

Wolff: "To be honest, it's funny, but I'm not here to win a golf tournament, I'm here to have a good time."

“It's nice to be back. I went over to Congressional yesterday and that rekindled some nice memories.”

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.

Upgrades

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

"No one owns the game of golf. Golf is for everybody."

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.