Shares of Gaylord Entertainment (Ticker: GET) are bucking the market Monday morning thanks to an upgrade from Wells Fargo analyst Jeff Donnelly. In hiking his rating to 'outperform' from 'market perform' and lifting his target price range into the mid-$40s, Donnelly says shareholders are on track to make more than 30 percent from today if the company's planned sale of its main brand and hotel management rights to Marriott goes through.
Of course, that's a bigger if these days than it was in late May.
Wells Fargo has named Paul Lazar managing director of its Alabama and Tennessee insurance operations. Lazar previously headed up business development across the Southeast for Wells Fargo Insurance.
No disrespect to the fine folks at Wells Fargo, but when one player owns more than a third of a market as large and important as mortgage lending — especially just after a major financial crisis — shouldn't more warning flags be raised? "A little pause" doesn't seem to be enough.