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BLUE

bluebird bio

$65.24

-0.31 (-0.47%)

12:18
10/14/16
10/14
12:18
10/14/16
12:18

Feuerstein attributes bluebird selloff to 'over-hyped' R&D event

In regards to trading in bluebird bio today, TheStreet's Adam Feuerstein tweeted, "Why selloff? Buyside source explains: Classic event trade. Goldman brokers over-hyped R&D day all September. Now, it winds down."

  • 06

    Nov

  • 29

    Nov

BLUE bluebird bio
$65.24

-0.31 (-0.47%)

10/14/16
CANT
10/14/16
DOWNGRADE
Target $37
CANT
Sell
Cantor cuts bluebird bio to Sell with $37 price target
Cantor Fitzgerald analyst Elemer Piros downgraded bluebird bio to Sell from Hold and dropped his price target for the shares to $37 from $42. The biotech focused on developing gene therapies closed yesterday down 31c to $64.24. The analyst sees a lack of catalysts as he does not expect data to be announced at this year's American Society of Hematology conference to de-risk the hemoglobinopathy programs. Bluebird disclosed yesterday that all future LentiGlobin trials going forward will use its improved manufacturing process, and those trials are just beginning, Piros tells investors in a research note. As such, initial data on improved transduction efficiency may not become available until 2018, the analyst contends. With this year's ASH meeting not a catalyst, Piros expects selling pressure on bluebird shares.
10/14/16
LEER
10/14/16
NO CHANGE
Target $80
LEER
Outperform
bluebird bio price target raised to $80 from $67 at Leerink
Leerink analyst Michael Schmidt raised his price target for bluebird bio to $80 from $67 as he sees the clinical development and regulatory path for the company's pipeline products incrementally more de-risked. While development of key product LentiGlobin in transfusion-dependent beta-thalassemia and severe sickle cell disease has been more complex than initially anticipated, the analyst believes bluebird bio is well positioned to overcome remaining technical hurdles. He reiterates an Outperform rating on the shares.
10/14/16
RHCO
10/14/16
NO CHANGE
RHCO
bluebird bio outlook has improved, says SunTrust
SunTrust analyst Edward Nash believes that the improvement in the transduction efficiency of bluebird's LentiGlobin should enable the company "to target the entire transfusion-dependent B-thalassemia population" for the first time. Nash adds that the changes should also improve LentiGlobin's efficacy in sickle cell. He reiterates a $115 price target and Buy rating on the stock.
10/14/16
10/14/16
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. Royal Dutch Shell (RDS.A, RDS.B) downgraded to Sell from Hold at Canaccord with the firm citing the gap between the average free cash flow generation of Shell over the past two decades and the medium-term target. 2. bluebird bio (BLUE) downgraded to Sell from Hold at Cantor with analyst Elemer Piros saying he sees a lack of catalysts as he does not expect data to be announced at this year's American Society of Hematology conference to de-risk the hemoglobinopathy programs. 3. Fluor (FLR) downgraded to Neutral from Accumulate at Seaport Global with analyst Ryan Cassil citing persistently weaker global macroeconomic trends and expectations for a continuation of weaker project activity in 2017. 4. Boston Beer (SAM) downgraded to Hold from Buy at Berenberg. 5. Estee Lauder (EL) downgraded to Neutral from Overweight at Piper Jaffray after the firm's semi-annual proprietary "Taking Stock With Teens" survey. 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

ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:55
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YNDX

Yandex

$33.20

0.57 (1.75%)

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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%)

12:55
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MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

, UNH

UnitedHealth

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-1.7138 (-0.89%)

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UNH

UnitedHealth

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CNC

Centene

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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

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HUM

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AET

Aetna

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SOL

ReneSola

$2.17

-0.0508 (-2.29%)

12:49
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09/25
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ALEX

Alexander & Baldwin

$45.23

0.26 (0.58%)

12:49
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Conference/Events
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  • 27

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FB

Facebook

$170.54

-0.57 (-0.33%)

12:47
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China blocks WhatsApp ahead of Communist Party gathering, NY Times reports »

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HES

Hess Corp.

$45.45

0.95 (2.13%)

12:45
09/25/17
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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
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  • 22

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UFPI

Universal Forest

$94.65

2.47 (2.68%)

12:41
09/25/17
09/25
12:41
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12:41
Conference/Events
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  • 26

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NAV

Navistar

$42.09

0.755 (1.83%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:40
09/25/17
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Periodicals
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NAV

Navistar

$42.09

0.755 (1.83%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

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DRI

Darden

$82.45

-0.43 (-0.52%)

, FDS

FactSet

$167.38

-1.23 (-0.73%)

12:40
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12:40
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Earnings
Notable companies reporting before tomorrow's open »

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Darden

$82.45

-0.43 (-0.52%)

FDS

FactSet

$167.38

-1.23 (-0.73%)

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  • 26

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NAV

Navistar

$42.05

0.72 (1.74%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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NAV

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$42.05

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VLKAY

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0.46 (1.35%)

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F

Ford

$11.88

0.035 (0.30%)

12:38
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Periodicals
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BGG

Briggs & Stratton

$22.70

0.01 (0.04%)

12:35
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Conference/Events
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  • 26

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:34
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12:34
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Intercept analyst commentary  »

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  • 25

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DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

, MKGAY

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12:33
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Lufthansa chairman Mayrhuber resigns, Kley named new chairman »

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AAWW

Atlas Air

$67.60

0.15 (0.22%)

12:32
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AIN

Albany International

$55.80

-0.45 (-0.80%)

12:31
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  • 27

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, FB

Facebook

$170.54

-0.57 (-0.33%)

12:30
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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

FB

Facebook

$170.54

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GOOG

Alphabet

$928.53

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GOOGL

Alphabet Class A

$943.26

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GM

General Motors

$40.23

0.805 (2.04%)

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  • 03

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FB

Facebook

$170.54

-0.57 (-0.33%)

12:30
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Options
Facebook options see heavy volume as shares selloff 4% »

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  • 03

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SXI

Standex

$102.70

0.1 (0.10%)

12:27
09/25/17
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Standex management to meet with Sidoti »

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  • 27

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12:25
09/25/17
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Conference/Events
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General news
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