The Latest Breaking News from Wells Fargo

Wells Fargo analyst Chris Carey raised the price target on Kimberly Clark Corp (NYSE:KMB) to $135 from $128 and kept an Equal Weight rating on the shares. The revised price target implies a 5% downside. Chris believes Kimberly-Clark's Q1 results helped overcome the belief that costs would drive earnings cuts. Deutsche Bank analyst Steve Powers raised…

Wells Fargo has decided to maintain its Overweight rating of Charles River (NYSE:CRL) and lower its price target from $390.00 to $325.00. Shares of Charles River are trading down 7.96% over the last 24 hours, at $251.29 per share.

A whale with a lot of money to spend has taken a noticeably bullish stance on Wells Fargo. Looking at options history for Wells Fargo (NYSE:WFC) we detected 11 strange trades.

 

Wells Fargo writes that despite the beat in Q1, Intuitive Surgical Inc (NASDAQ:ISRG) sounded cautious on U.S. capital placements, given rising interest rates and inflationary pressure at hospitals.  "We think this commentary was partly driven by the need to recalibrate Street models for fewer trade-ins as the number of legacy Si systems declines. Overall,…

Wells Fargo acknowledged Advanced Micro Devices Inc (NASDAQ: AMD) shares' underperformance and believes that its ongoing data center momentum should offset tempering PC expectations, creating a favorable risk/reward set-up in its upcoming earnings. 

Wells Fargo saw Block Inc (NYSE: SQ) as a unique disruptor within Fintech and looked to sustain share gains by its Square and Cash App businesses over the next two years. 

Rosenblatt did not expect any surprises from Seagate Technology Holdings PLC (NASDAQ:STX) and Western Digital Corp (NASDAQ:WDC) pre-announcing their March quarter results. The June quarter outlook is a different story.  Continued COVID-related shutdowns in China may further delay security system deployments that use HDD storage.  June quarter HDD revenue could have some upside if the…

Raymond James thinks Abbott Laboratories' (NYSE: ABT) 1Q results were solid and demonstrated the durable nature of ABT's portfolio, as three out of four business segments grew over 10% organically, with Nutrition growing 8% 

Wells Fargo shared its views on three tech companies ahead of their quarterly earnings.

Wells Fargo analyst Matthew Akers raised the price target for Lockheed Martin Corp (NYSE:LMT) to $496 (an upside of 9%) from $486 while maintaining the Equal-Weight rating on the shares. The analyst stated that most of LMT's Q1 beat vs. the firm's model was driven by lower tax/interest, while operations were slightly ahead, including a…