The Latest Breaking News from Wells Fargo

Over the last week, the United States and its NATO allies supplied Ukraine with 17,000 anti-tank missiles in the wake of the Russian invasion.

Wells Fargo analyst Matthew Akers raises the price target of four Aerospace & Defense companies. The analyst believes the valuation is likely to remain high on elevated tensions for some time to come.

Most analysts slashed their price targets on Marvell Technology Inc (NASDAQ:MRVL) post Q4 results. Wells Fargo analyst Gary Mobley lowered the price target to $70 from $80 (7.5% upside) and maintained an Equal-Weight following the "respectable" beat and raise quarter.  Considering the upbeat results and the pullback in the equity markets & chip sector, Mobley says…

Someone with a lot of money to spend has taken a bearish stance on Wells Fargo (NYSE:WFC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

These days, most U.S. diversified stock mutual funds are lagging the broad market in the form of the S&P 500. GMO Quality IV Fund, one of the best mutual funds, is an exception.

Analysts raised their price targets on Anaplan Inc (NYSE:PLAN) post Q4 results. Mizuho analyst Siti Panigrahi raised the PT to $65 from $60 (26.7% upside) and kept a Buy.  The company posted Q4 results and raised its fiscal 2023 guide above consensus estimates, the latest back-office player to benefit from the enterprise spending resumption. Wells…

Analysts raised their price targets on Pure Storage Inc (NYSE: PSTG) post a solid Q4 beat. Barclays analyst Tim Long raised the firm's price target on Pure Storage to $39 from $35 (47.3% upside) and kept an Overweight rating on the shares. The company beat Q4 estimates and released better than expected guidance for fiscal 2023, Long…

Wells Fargo analyst Michael Turrin lowered the firm's price target on Samsara Inc (NYSE:IOT) to $26 from $31 (57% upside) and kept an Overweight post Q4 results.  With its first earnings report as a public company, the analyst notes that Samsara delivered an "impressive" set of growth metrics.  Given the sizeable market opportunity and Samsara's differentiated technology…

That equates to an 8.1% return, which is 69.1% on an annualized basis.

Analysts mostly raised their price targets on Workday Inc (NASDAQ:WDAY) post Q4 results. Wells Fargo analyst Michael Turrin raised the PT to $340 from $325 (39.1% upside) and kept an Overweight.  Turrin expects Workday shares will see a boost from Q4 results as the company delivered a clean set of Q4 metrics and a meaningful…

Someone with a lot of money to spend has taken a bullish stance on Wells Fargo (NYSE:WFC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.