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MYL

Mylan

$38.03

0.06 (0.16%)

16:59
10/05/16
10/05
16:59
10/05/16
16:59

Lawmakers: Report from CMS shows 'misclassification' of EpiPen as generic

Senate Finance Committee ranking member Ron Wyden and House Energy and Commerce Committee ranking member Frank Pallone issued a statement after receiving a letter from the Centers for Medicare & Medicaid Services regarding the "misclassification of EpiPen as a generic drug for nearly two decades." The letter from CMS "backs up" Wyden and Pallone's claim that EpiPen has been misclassified as a generic drug since the fourth quarter of 1997, despite "all evidence indicating it was a brand-name drug," according to the lawmakers. The letter also notes that Medicaid has spent nearly $800M on EpiPen since 2011, which includes the lower generic rebate of 13%, which the drug manufacturer is required to pay back to Medicaid. The correct rebate would have been at least 23.1%, plus an additional inflationary rebate. Reference Link

  • 07

    Oct

  • 28

    Mar

MYL Mylan
$38.03

0.06 (0.16%)

09/22/16
ARGS
09/22/16
NO CHANGE
ARGS
Mylan weakness creates good entry point, says Argus
After Mylan's stock fell 17% over the last month, Argus analyst Jacob Kilstein thinks that the stock has reached an attractive entry point, He says that the company's new generic EpiPen will cannibalize branded sales but should help it beat upcoming generic competitors. He thinks that the stock is undervalued and keeps a Buy rating on the stock.
09/23/16
BERN
09/23/16
NO CHANGE
BERN
Mylan generic Epipen to lower EPS by about 10%, says Bernstein
Bernstein analyst Aaron Gal estimates that Mylan's decision to introduce a generic version of its EpiPen will create a drag of about 10% on its EPS. After viewing the Congressional hearings on the device, Gal continues to believe that a competitor to EpiPen will hit the market before the end of 2018. He keeps a $60 price target and Outperform rating on Mylan.
09/30/16
LEER
09/30/16
NO CHANGE
Target $45
LEER
Outperform
Mylan price target cut to $45 on lower EpiPen estimates at Leerink
Leerink analyst Jason Gerberry lowered his EpiPen sales forecasts by 33-45% from 2017-2021 in light of recent company updates, including its plan to launch an authorized generic of the emergency treatment later this year. While Mylan "appears on the right side of the law" regarding the latest Medicaid rebate controversy, Gerberry believes investors should consider the risk of a future settlement related to the issue. He cut his price target on Mylan shares to $45 from $55, but keeps an Outperform rating on the stock as he sees cash flows being sufficient to justify the current price.
10/04/16
JPMS
10/04/16
NO CHANGE
Target $52
JPMS
Overweight
Mylan price target lowered to $52 from $62 at JPMorgan
JPMorgan analyst Chris Schott lowered his price target for Mylan to $52 saying he remains cautious on the shares over the near-term given the ongoing Epipen controversy. The analyst, however, views the stock as "very inexpensive" and keeps an Overweight rating on the name. Schott sees a limited long-term impact to his thesis from the Epipen controversy and believes Mylan's generics business is underappreciated. He maintains an Overweight rating on the shares.

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P

Pandora

$13.22

-0.36 (-2.65%)

11:51
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Pandora looks to country music to boost subscription aspirations, WSJ says »

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GPC

Genuine Parts

$98.26

-2.41 (-2.39%)

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TRVN

Trevena

$7.13

0.1 (1.42%)

11:47
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Trevena analyst commentary  »

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PRGO

Perrigo

$84.36

-0.11 (-0.13%)

11:46
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GPC

Genuine Parts

$98.41

-2.26 (-2.25%)

11:46
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AMAT

Applied Materials

$35.67

0.49 (1.39%)

11:46
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02/21
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Options
Applied Materials call volume above normal and directionally bullish »

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DISCA

Discovery

$28.68

0.11 (0.39%)

11:45
02/21/17
02/21
11:45
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11:45
Conference/Events
Discovery management to meet with Jefferies »

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  • 21

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11:45
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General news
Breaking General news story  »

Philadelphia Federal…

EFX

Equifax

$129.38

-0.76 (-0.58%)

11:42
02/21/17
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11:42
Conference/Events
Equifax to hold a webcast »

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GPC

Genuine Parts

$98.46

-2.2124 (-2.20%)

11:41
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  • 21

    Feb

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

, KHC

Kraft Heinz

$96.65

9.37 (10.74%)

11:38
02/21/17
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11:38
Hot Stocks
Mondelez takeover speculation lifts shares as Kraft walks from Unilever »

Shares of Mondelez (MDLZ)…

MDLZ

Mondelez

$42.50

-0.7 (-1.62%)

KHC

Kraft Heinz

$96.65

9.37 (10.74%)

UL

Unilever; also tag UN

$44.54

-3.99 (-8.22%)

UN

Unilever; also tag UL

$44.77

-4.025 (-8.25%)

BRK.A

Berkshire Hathaway

$254,021.52

1183.52 (0.47%)

BRK.B

Berkshire Hathaway

$169.35

0.78 (0.46%)

GIS

General Mills

$60.68

1.45 (2.45%)

K

Kellogg

$74.17

1.27 (1.74%)

CPB

Campbell Soup

$58.60

0.12 (0.21%)

CL

Colgate-Palmolive

$73.15

1.17 (1.63%)

KMB

Kimberly-Clark

$133.18

1.25 (0.95%)

CLX

Clorox

$134.98

1.27 (0.95%)

HSY

Hershey

$108.33

1.08 (1.01%)

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11:38
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General news
6-Month Bill Auction Bid/Cover data reported »

6-Month Bill Auction…

11:38
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6-Month Bill Auction Total Amount data reported »

6-Month Bill Auction…

11:37
02/21/17
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General news
3-Month Bill Auction Bid/Cover data reported »

3-Month Bill Auction…

11:37
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General news
3-Month Bill Auction Total Amount data reported »

3-Month Bill Auction…

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

, QSR

Restaurant Brands

$57.55

3.65 (6.77%)

11:36
02/21/17
02/21
11:36
02/21/17
11:36
Downgrade
Popeyes, Restaurant Brands rating change  »

Popeyes downgraded to…

PLKI

Popeyes

$66.12

-0.26 (-0.39%)

QSR

Restaurant Brands

$57.55

3.65 (6.77%)

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HLF

Herbalife

$61.22

-0.01 (-0.02%)

11:36
02/21/17
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11:36
Options
Herbalife put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 23

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GPC

Genuine Parts

$99.10

-1.57 (-1.56%)

11:32
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  • 21

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The Bund/T-note spread continued to widen to -212 bp »

The Bund/T-note spread…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:27
02/21/17
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Hot Stocks
Breaking Hot Stocks news story on Felcor Lodging, Ashford Hospitality »

Felcor: Company, Ashford…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

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  • 21

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FCH

Felcor Lodging

$7.89

0.66 (9.13%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:26
02/21/17
02/21
11:26
02/21/17
11:26
Hot Stocks
Breaking Hot Stocks news story on Felcor Lodging, Ashford Hospitality »

Felcor Lodging says has…

FCH

Felcor Lodging

$7.89

0.66 (9.13%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

03/08/13
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  • 21

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COP

ConocoPhillips

$48.37

0.86 (1.81%)

11:26
02/21/17
02/21
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11:26
Options
ConocoPhillips call volume above normal and directionally bullish »

Bullish option flow…

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  • 06

    Mar

FCH

Felcor Lodging

$7.87

0.64 (8.85%)

, AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

11:25
02/21/17
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Hot Stocks
Felcor Lodging confirms unsolicited offer from Ashford Hospitality »

FelCor Lodging Trust…

FCH

Felcor Lodging

$7.87

0.64 (8.85%)

AHT

Ashford Hospitality

$7.61

-0.04 (-0.52%)

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11:25
02/21/17
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11:25
Conference/Events
CFA Society of Philadelphia to hold a luncheon meeting »

Luncheon Meeting where…

11:25
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Federal Reserve Bank of Philadelphia President speaks on economic outlook »

Philadelphia Federal…

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