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TSRO

Tesaro

$117.91

18.65 (18.79%)

, MYGN

Myriad Genetics

$18.87

-2.475 (-11.60%)

13:25
10/11/16
10/11
13:25
10/11/16
13:25

TESARO failed to block Myriad press release, Bloomberg reports

A Manhattan district judge denied TESARO's (TSRO) attempt to block its partner Myriad Genetics (MYGN) from releasing a press release on the niraparib trial results. Both companies issued press releases on October 8.

TSRO

Tesaro

$117.91

18.65 (18.79%)

MYGN

Myriad Genetics

$18.87

-2.475 (-11.60%)

  • 06

    Nov

  • 11

    Jan

TSRO Tesaro
$117.91

18.65 (18.79%)

10/10/16
RAJA
10/10/16
NO CHANGE
Target $120
RAJA
Strong Buy
TESARO price target raised to $120 at Raymond James
Raymond James analyst Christopher Raymond raised TESARO's price target to $120 from $105 fter the company reported "clinically meaningful benefits in all the sub-populations" of the NOVA trial for niraparib. Raymond thinks niraparib will have a broad ovarian cancer label and corresponding market opportunity and reiterates his Strong Buy rating.
10/10/16
FBCO
10/10/16
NO CHANGE
Target $122
FBCO
Outperform
TESARO price target raised to $122 on Niraparib data at Credit Suisse
Credit Suisse analyst Alethia Young raised TESARO's price target to $122 from $90 after the company reported "clinically meaningful benefits in all the sub-populations" of the NOVA trial for niraparib. The analyst thinks niraparib has broad effects across the 2nd line ovarian population and would expect the label is broad. Young has an Outperform ratting n TESARO shares.
10/10/16
RAJA
10/10/16
NO CHANGE
Target $120
RAJA
Outperform
TESARO price target raised to $120 from $105 at Raymond James
Raymond James analyst Christopher Raymond raised TESARO's price target to $120 from $105 after the company reported "clinically meaningful benefits in all the sub-populations" of the NOVA trial for niraparib. Raymond thinks niraparib will have a broad ovarian cancer label and corresponding market opportunity and reiterates his Strong Buy rating
10/10/16
RBCM
10/10/16
NO CHANGE
RBCM
TESARO price target raised to $128 from $122 at RBC Capital
RBC Capital analyst Adnan Butt raised his price target on TESARO after ovarian cancer patients taking the company's Niraparib drug responded better than expected. Butt said that the drug benefited the patients regardless of BRCA or HRD biomarker status. He keeps an Outperform rating on the stock.
MYGN Myriad Genetics
$18.87

-2.475 (-11.60%)

08/29/16
BOFA
08/29/16
NO CHANGE
BOFA
Myriad Genetics loses BCBS of Nevada contract to LabCorp, says BofA/Merrill
Analysts at BofA Merrill Lynch noted that Myriad Genetics (MYGN) has lost an in-network contract with Blue Cross Blue Shield of Nevada to LabCorp (LH) and the firm expects Myriad shares to trade down following the news. The firm sees the potential for a continuation of this trend across other BCBS systems in other states.
10/10/16
LTCO
10/10/16
DOWNGRADE
Target $16
LTCO
Sell
Myriad Genetics downgraded to Sell from Neutral at Ladenburg
Ladenburg Thalmann analyst Kevin DeGeeter downgraded Myriad Genetics (MYGN) to Sell citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. The analyst expects a lower growth outlook to drive "significant P/E multiple compression." Tesaro (TSRO) presented data this weekend that suggested its PARP inhibitor niraparib was active in a maintenance setting for recurrent ovarian cancer in patients with either positive or negative HRD scores. The analyst had expected the drug to benefit only HRD positive patients. As such, the use of niraparib will not require HRD testing, DeGeeter tells investors in a research note. The analyst has a $16 price target for the shares.
10/10/16
PIPR
10/10/16
NO CHANGE
PIPR
Neutral
TESARO data suggest Myriad test not necessary, says Piper Jaffray
Piper Jaffray analyst William Quirk points out that data over the weekend from TESARO (TSRO), Myriad Genetics' (MYGN) companion diagnostic partner, suggest niraparib works in all-comers, making Myriad's test not necessary. Myriad shares may be down physiologically, Quirk tells investors in a research note partially titled "When A Partnership Produces Mixed Results." The analyst, however, believes niraparib is not clinically significant in HRD negative patients and that Myriad's test will be included on the drug label. He keeps a Neutral rating on shares of Myriad. Ladenburg Thalmann this morning downgraded the stock to Neutral.
10/10/16
10/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Honeywell (HON) downgraded to Buy from Conviction Buy at Goldman with analyst Christopher Glynn lowering his Q3 Earnings Per Share expectations for Honeywell after the company cut its earnings and revenue outlook and trimmed his price target to $122 from $128. 2. United Technologies (UTX) downgraded to Neutral from Buy at Citi with analyst Jason Gursky saying he sees three issues limiting share upside over the next twelve-plus months. 3. PNC Financial (PNC) was downgraded to Neutral from Buy at Nomura while the firm downgraded Fifth Third (FITB) to Reduce from Neutral. 4. Myriad Genetics (MYGN) downgraded to Sell from Neutral at Ladenburg with analyst Kevin DeGeeter citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. 5. HSN, Inc. (HSNI) downgraded to Hold from Buy at Craig-Hallum with analyst Alex Fuhrman saying his channel checks indicate continued weakness in the third quarter, with particular weakness in jewelry and consumer electronics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

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CHGG

Chegg

$12.44

0.48 (4.01%)

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VRX

Valeant

$15.58

0.0801 (0.52%)

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  • 24

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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CLLS

Cellectis

$23.15

0.25 (1.09%)

13:15
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Breaking Hot Stocks news story on Cellectis 

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  • 26

    Sep

INFY

Infosys

$14.90

0.13 (0.88%)

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CLLS

Cellectis

$23.15

0.25 (1.09%)

13:08
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13:08
Hot Stocks
Cellectis to resume trading at 1:15 pm ET »

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  • 26

    Sep

PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

13:06
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Portola Pharmaceuticals announces FDA approval of Bevyxxa »

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  • 23

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    Jun

TRIP

TripAdvisor

$35.74

-0.08 (-0.22%)

13:05
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Options
TripAdvisor call volume above normal and directionally bullish »

Bullish option flow…

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13:05
06/23/17
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Cleveland Fed hawk Mester didn't discuss policy »

Cleveland Fed hawk Mester…

BHI

Baker Hughes

$54.55

0.025 (0.05%)

13:03
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Baker Hughes reports U.S. rig count up 8 to 941 rigs »

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13:00
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Treasury Action: upcoming supply should put a floor under short rates »

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RIO

Rio Tinto

$39.32

0.61 (1.58%)

, GLNCY

Glencore

$7.10

0.05 (0.71%)

12:59
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Rio Tinto to give new Glencore C&A proposal 'appropriate consideration' »

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RIO

Rio Tinto

$39.32

0.61 (1.58%)

GLNCY

Glencore

$7.10

0.05 (0.71%)

03/08/13
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CLLS

Cellectis

$23.15

0.25 (1.09%)

12:56
06/23/17
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Cellectis announces Calyxt filing of registration statement for proposed IPO »

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  • 26

    Sep

PX

Praxair

$133.62

1.15 (0.87%)

12:50
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Options
Call spread in Praxair may add to existing bullish position »

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SYT

Syngenta

$92.65

0.05 (0.05%)

12:45
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Periodicals
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MT

ArcelorMittal

$21.21

0.315 (1.51%)

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EFA

iShares MSCI EAFE Index Fund

$65.14

0.16 (0.25%)

, VEA

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IEFA

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EWJ

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iShares Nasdaq Biotechnology Index

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IVV

iShares Core S&P 500

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Vanguard Growth Index Fund

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HYG

iShares iBoxx $ High Yield Corporate Bond

$88.11

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

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  • 23

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VIX

Volatility Index S&P 500 Options

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VIX calls outpace puts nearly 5:1 as the index dips below 10 »

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CZR

Caesars

$12.55

0.2 (1.62%)

, CACQ

Caesars Acquisition

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CZR

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$12.55

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CACQ

Caesars Acquisition

$19.40

0.15 (0.78%)

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GLYC

GlycoMimetics

$12.10

-0.03 (-0.25%)

12:28
06/23/17
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Conference/Events
GlycoMimetics management to meet with Jefferies »

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  • 26

    Jun

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