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MYGN

Myriad Genetics

$18.63

0.01 (0.05%)

10:10
10/17/16
10/17
10:10
10/17/16
10:10

Far downside put buyers in Myriad Genetics

Far downside put buyers in Myriad Genetics. Small lots of Nov 15 puts trade across the exchanges for 10c each. 3K total and the bearish flow opens positions struck 22% below spot. Earnings 11/1.

MYGN Myriad Genetics
$18.63

0.01 (0.05%)

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

VDNRF

Vedanta Resources

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EXPE

Expedia

$134.14

2.16 (1.64%)

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Notable pre-earnings option play in Expedia »

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MRAM

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IBM

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AVXS

AveXis

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TSLA

Tesla

$308.03

2.43 (0.80%)

10:35
04/25/17
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Union workers claim Tesla illegally intimidated them, BuzzFeed says »

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  • 03

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AEP

American Electric

$67.86

-0.11 (-0.16%)

10:35
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American Electric says to invest $17.3B in capital over next three years »

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  • 25

    Apr

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    Apr

10:35
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U.S. consumer confidence fell to a still-robust 120.3 »

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FCX

Freeport McMoRan

$13.19

0.955 (7.81%)

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  • 25

    Apr

JBLU

JetBlue

$21.75

0.22 (1.02%)

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$20.02

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UTX

United Technologies

$117.06

0.74 (0.64%)

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  • 25

    Apr

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    Apr

BIIB

Biogen

$276.86

3.92 (1.44%)

10:31
04/25/17
04/25
10:31
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10:31
Recommendations
Biogen analyst commentary  »

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  • 25

    Apr

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UNXL

Uni-Pixel

$0.80

-0.01 (-1.23%)

10:31
04/25/17
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Uni Pixel with higher call volume »

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  • 18

    May

10:30
04/25/17
04/25
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General news
The 5.8% March U.S. new home sales surge »

The 5.8% March U.S. new…

EAT

Brinker

$43.93

-1.53 (-3.37%)

10:29
04/25/17
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Brinker says 'comfortable' with guidance provided for FY17 »

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  • 25

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JBLU

JetBlue

$21.75

0.22 (1.02%)

10:28
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JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

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$19.51

-0.2483 (-1.26%)

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Breaking Hot Stocks news story on JetBlue, Embraer »

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JBLU

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$21.75

0.22 (1.02%)

ERJ

Embraer

$19.51

-0.2483 (-1.26%)

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  • 25

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QQQ

PowerShares QQQ Trust

$134.16

1.6 (1.21%)

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Technical Analysis
PowerShares QQQ Trust hits fresh 52-week highs »

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

10:27
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  • 25

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C

Citi

$60.29

0.85 (1.43%)

10:26
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Citi confirms receipt of CMA license in Saudi Arabia »

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  • 25

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  • 25

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

10:26
04/25/17
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Hot Stocks
Breaking Hot Stocks news story on Freeport McMoRan »

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  • 25

    Apr

JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

Embraer

$19.51

-0.2483 (-1.26%)

10:26
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  • 25

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BBRY

BlackBerry

$9.29

0.21 (2.31%)

10:26
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LLY

Eli Lilly

$81.41

-2.01 (-2.41%)

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  • 07

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10:25
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U.S. Richmond Fed manufacturing index dipped to 20 in April »

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