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CLVS

Clovis

$35.35

-0.7 (-1.94%)

, TRSO

Tesaro

06:33
10/04/16
10/04
06:33
10/04/16
06:33

Clovis price target raised to $42 from $14 at Piper Jaffray

Piper Jaffray analyst Steven Breazzano raised his price target for Clovis Oncology (CLVS) to $42 after taking a "comprehensive look" at the PARP inhibitor landscape in ovarian cancer and beyond. The company's PARP inhibitor rucaparib has demonstrated an active profile in ovarian cancer and all signs point to an approval in the 3L+ setting early next year, Breazzano tells investors in a research note. The analyst, however, believes the ultimate key is success in the earlier maintenance setting, and he thinks the race may still be Tesaro's (TSRO) niraparib's to lose. Breazzano keeps a Neutral rating on Clovis.

CLVS

Clovis

$35.35

-0.7 (-1.94%)

TRSO

Tesaro

  • 06

    Nov

  • 23

    Feb

CLVS Clovis
$35.35

-0.7 (-1.94%)

09/21/16
LEER
09/21/16
NO CHANGE
LEER
Outperform
PARP addition makes sense for Eli Lilly oncology, says Leerink
In the wake of recent speculation that Eli Lilly (LLY) has expressed interest in acquiring Clovis (CLVS), Leerink analyst Seamus Fernandez says the addition of a PARP inhibitor makes strategic sense, fitting in "extremely well" with the former's oncology portfolio. Further, the analyst believes that the "impressive" emerging data from the PARP inhibitor class is likely to place both TESARO (TSRO) and Clovis high on the list of potential M&A targets. Fernandez reiterates an Outperform rating on Eli Lilly's shares.
09/21/16
09/21/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Monsanto (MON) upgraded to Overweight from Neutral at JPMorgan with analyst Jeffrey Zekauskas saying the risk in the shares is "less than what the market assumes." 2. Barclays (BCS) upgraded to Buy from Hold at HSBC citing the pending disposal of non-core businesses and resulting value creation. 3. Etsy (ETSY) upgraded to Buy from Neutral at Monness Crespi with the firm's analyst believing that Etsy shares can still move higher and sees a solid opportunity for upward revisions from improving conversion rates due to enhanced search and mobile functionality, expanding take rates, and advanced cross-boarder commerce capabilities with vendors. 4. Clovis (CLVS) upgraded to Outperform from Neutral at Credit Suisse with analyst Kennen MacKay saying the potential for a takeover "outweighs concerns surrounding patent life, limited experience in platinum resistant/refractory patients, and PARPi competition." 5. Jabil Circuit (JBL) upgraded to Buy from Neutral at UBS with analyst Steven Milunovich saying the company's cash flow is nearing an inflection amid an upturn in its Apple (AAPL) business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/21/16
JANY
09/21/16
DOWNGRADE
JANY
Neutral
Clovis downgraded to Neutral from Buy at Janney Capital
09/21/16
JANY
09/21/16
DOWNGRADE
Target $36
JANY
Neutral
Janney downgrades Clovis with buyout speculation at 'fever pitch'
Janney Capital analyst Roy Buchanan downgraded Clovis Oncology (CLVS) to Neutral from Buy with an increased fair value estimate of $36. Clovis is up 17c to $35.00 in late morning trading. In a research note partially titled, "May Be Right, May Be Crazy - M&A Speculation At Fever Pitch," Buchanan says there is a "finite chance" that Clovis will need to market its PARP inhibitor rucaparib by itself. He believes a late-2016 approval for rucaparib is likely. The analyst attributes his increased fair value estimate to "acquisition optionality." Reports of Takeda's (TKPYY) reserving up to $15B for acquisitions and Medivation's (MDVN) takeout have given Clovis shares a lift, Buchanan tells investors. The analyst adds that rumors surfaced yesterday of potential interest in the company from Eli Lilly (LLY).
TRSO Tesaro

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CRMT

America's Car-Mart

$40.85

0.35 (0.86%)

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NAV

Navistar

$41.68

0.35 (0.85%)

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

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YNDX

Yandex

$33.20

0.57 (1.75%)

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Options
Yandex put volume heavy and directionally bearish »

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PLUS

ePlus

$88.60

1.05 (1.20%)

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ePlus management to meet with Sidoti »

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PKY

Parkway

$23.04

0.02 (0.09%)

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Parkway to host special shareholder meeting »

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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

, UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

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Sen. Ted Cruz still opposes Graham-Cassidy bill, Axios reports »

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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

CNC

Centene

$90.60

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WCG

WellCare

$165.67

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CI

Cigna

$181.69

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ANTM

Anthem

$182.89

0.03 (0.02%)

HNT

Health Net

HUM

Humana

$238.48

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AET

Aetna

$152.55

-1.02 (-0.66%)

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SOL

ReneSola

$2.17

-0.0508 (-2.29%)

12:49
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Hot Stocks
ReneSola agrees to disposition of manufacturing, LED distribution units »

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ALEX

Alexander & Baldwin

$45.23

0.26 (0.58%)

12:49
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Conference/Events
Alexander & Baldwin management to meet with Sidoti »

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FB

Facebook

$170.54

-0.57 (-0.33%)

12:47
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HES

Hess Corp.

$45.45

0.95 (2.13%)

12:45
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Options
Hess Corp. call volume above normal and directionally bullish »

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C

Citi

$70.60

-0.8 (-1.12%)

12:43
09/25/17
09/25
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Hot Stocks
Citibank, CGML ordered to pay $550,000 penalty by CFTC »

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UFPI

Universal Forest

$94.65

2.47 (2.68%)

12:41
09/25/17
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Conference/Events
Universal Forest management to meet with Sidoti »

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NAV

Navistar

$42.09

0.755 (1.83%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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Breaking Periodicals news story on Navistar, Volkswagen »

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NAV

Navistar

$42.09

0.755 (1.83%)

VLKAY

Volkswagen

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DRI

Darden

$82.45

-0.43 (-0.52%)

, FDS

FactSet

$167.38

-1.23 (-0.73%)

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Earnings
Notable companies reporting before tomorrow's open »

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FactSet

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NAV

Navistar

$42.05

0.72 (1.74%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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Navistar announces collaboration with Volkswagen Truck & Bus »

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NAV

Navistar

$42.05

0.72 (1.74%)

VLKAY

Volkswagen

$34.57

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F

Ford

$11.88

0.035 (0.30%)

12:38
09/25/17
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Periodicals
NFL sponsor Ford issues statement supporting free speech, Bloomberg says »

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BGG

Briggs & Stratton

$22.70

0.01 (0.04%)

12:35
09/25/17
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Conference/Events
Briggs & Stratton management to meet with Sidoti »

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

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DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

, MKGAY

Merck KGaA

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Hot Stocks
Lufthansa chairman Mayrhuber resigns, Kley named new chairman »

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AAWW

Atlas Air

$67.60

0.15 (0.22%)

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Atlas Air, Polar Air Cargo seek preliminary injunction to stop work slowdown »

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AIN

Albany International

$55.80

-0.45 (-0.80%)

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Albany International management to meet with Sidoti »

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, FB

Facebook

$170.54

-0.57 (-0.33%)

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

FB

Facebook

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GOOG

Alphabet

$928.53

-3.92 (-0.42%)

GOOGL

Alphabet Class A

$943.26

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GM

General Motors

$40.23

0.805 (2.04%)

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FB

Facebook

$170.54

-0.57 (-0.33%)

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Options
Facebook options see heavy volume as shares selloff 4% »

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SXI

Standex

$102.70

0.1 (0.10%)

12:27
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Conference/Events
Standex management to meet with Sidoti »

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