The Latest Breaking News from Wells Fargo

With the world growing its data ever faster, Wells Fargo analysts see opportunities in beaten down real estate investment trusts tied to technology.

Wells Fargo & Co (NYSE: WFC) shares are trading lower by 5.50% at $40.33. Shares of several banks and financial services companies are trading lower amid overall market weakness after CPI data showed prices rose in May.

Wells Fargo has decided to maintain its Underweight rating of Bed Bath & Beyond (NASDAQ:BBBY) and lower its price target from $10.00 to $5.00. Shares of Bed Bath & Beyond are trading down 1.66% over the last 24 hours, at $8.28 per share.

The financial analyst day, product sessions, and customer discussions at MongoDB, Inc (NASDAQ:MDB) World in New York increased confidence in Piper Sandler analyst Brent A. Bracelin. Bracelin found MDB well-positioned for further share gains within the $78 billion+ database management systems market.  The combination of new product enhancements, including Atlas Serverless, Relational Migrator tool, and…

Wells Fargo cut Lowe's Companies, Inc. (NYSE: LOW) price target from $260 to $240. Lowe's shares fell 0.7% to $194.36 in pre-market trading.

With inflation disproportionally hurting those with less money, customer wealth is an important issue for casinos.

Coupa Software Inc (NASDAQ: COUP) shares traded higher by 1.8% on Tuesday after the company reported strong earnings numbers and record subscription revenues in the first quarter.

Lear Corporation (NYSE: LEA) stock has lost 13% year-to-date and is now trading at a 17% discount to its 10-year average, which makes the valuation compelling, according to Wells Fargo.

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