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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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NFX

Newfield Exploration

$28.45

0.89 (3.23%)

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XLK

Technology Select Sector SPDR

$54.81

-0.96 (-1.72%)

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Financial Select Sector

$24.79

0.27 (1.10%)

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XLK

Technology Select Sector SPDR

$54.81

-0.96 (-1.72%)

XLF

Financial Select Sector

$24.79

0.27 (1.10%)

SPY

SPDR S&P 500 ETF Trust

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SPX

S&P 500

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JPM

JPMorgan

$91.56

1.7362 (1.93%)

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Treasury announced a $72 B 3- and 6-month bill auction for Monday »

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INFO

IHS Markit

$45.05

-0.32 (-0.71%)

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Conference/Events
The National Economists Club to hold a luncheon meeting Symbol changed to INFO IHS Markit »

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QVCA

QVC Group

$24.61

0.1 (0.41%)

, QVCB

QVC Group

11:25
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FBN Securities media analyst to hold a luncheon meeting »

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QVCA

QVC Group

$24.61

0.1 (0.41%)

QVCB

QVC Group

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1.21 (2.35%)

GNCMA

General Communications

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0.97 (2.71%)

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ALRN

Aileron Therapeutics

11:23
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Syndicate
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  • 29

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SHLD

Sears

$8.01

0.29 (3.76%)

11:22
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Hot Stocks
Breaking Hot Stocks news story on Sears »

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SHLD

Sears

$8.01

0.29 (3.76%)

11:20
06/29/17
06/29
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11:20
Hot Stocks
Breaking Hot Stocks news story on Sears »

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ABBV

AbbVie

$72.91

-0.01 (-0.01%)

11:20
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Abbvie attracts an opening call write »

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SHLD

Sears

$8.01

0.29 (3.76%)

11:17
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Real estate value the 'margin of safety' in Sears investment, Berkowitz says »

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$NSD

NASDAQ Market Internals

11:17
06/29/17
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Technical Analysis
NASDAQ market internals summary »

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SHLD

Sears

$8.01

0.29 (3.76%)

11:16
06/29/17
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Hot Stocks
Berkowitz sees Sears net asset value at $90 per share »

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$NYE

NYSE Market Internals

11:16
06/29/17
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Technical Analysis
NYSE market internals summary »

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GOOGL

Alphabet Class A

$961.01

12.92 (1.36%)

11:14
06/29/17
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Technical View: Alphabet Class A has an active bearish pattern »

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BDRBF

Bombardier

$1.87

0.039 (2.13%)

11:13
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Bombardier says Transportation restructuring costs included in previous guidance »

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11:11
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4-Week Bill Announcement Offering Amount data reported »

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6-Month Bill Announcement Offering Amount data reported »

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DBD

Diebold

$27.88

0.425 (1.55%)

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CHTR

Charter

$340.30

10.43 (3.16%)

11:10
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Options
Renewed call buying in Charter »

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  • 27

    Jul

JCOM

j2 Global

$87.08

0.83 (0.96%)

, TWTR

Twitter

$17.74

-0.2132 (-1.19%)

11:06
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Hot Stocks
IGN, Twitter partner for global live stream of San Diego Comic-Con »

J2 Global's (JCOM)…

JCOM

j2 Global

$87.08

0.83 (0.96%)

TWTR

Twitter

$17.74

-0.2132 (-1.19%)

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CY

Cypress Semiconductor

$14.35

1.15 (8.71%)

, ARW

Arrow Electronics

$79.00

-0.48 (-0.60%)

11:02
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Hot Stocks
Cypress Semiconductor, Arrow Electronics announce IoT development platform »

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CY

Cypress Semiconductor

$14.35

1.15 (8.71%)

ARW

Arrow Electronics

$79.00

-0.48 (-0.60%)

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  • 15

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PCYO

Pure Cycle

$7.50

-0.05 (-0.66%)

, KBH

KB Home

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PCYO

Pure Cycle

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KBH

KB Home

$23.57

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TMHC

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AZN

AstraZeneca

$34.08

-0.27 (-0.79%)

11:00
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AstraZeneca attracts a defensive option play »

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