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DEPO

Depomed

$23.83

-0.26 (-1.08%)

16:02
10/17/16
10/17
16:02
10/17/16
16:02

Depomed adds three Starboard directors to board

Depomed announced that it has entered into a settlement agreement with its second largest shareholder, Starboard Value, regarding the composition of the Depomed board. Starboard has agreed to withdraw its proxy solicitation and special shareholder meeting request, thereby cancelling the previously scheduled November 15 special shareholder meeting. Under the terms of the agreement, three independent directors appointed by Starboard, James Fogarty, Robert Savage and James Tyree, will join the six current directors on Depomed's board.

  • 29

    Nov

DEPO Depomed
$23.83

-0.26 (-1.08%)

07/07/16
07/07/16
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. AT&T (T) downgraded to Neutral from Buy at Citi with analyst Michael Rollins citing valuation. 2. First Solar (FSLR) downgraded to Hold from Buy at Deutsche Bank with analyst Vishal Shah saying he sees downside risk to the company's 2017 earnings. 3. Depomed (DEPO) downgraded to Neutral from Buy at UBS with analyst Ami Fadia saying the company's sales guidance is at risk. 4. Red Hat (RHT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying mid-teens billings growth with flat to down margins limits upside to free-cash-flow projections and said valuation is fair to his $80 price target. 5. Bank of America (BAC) and Wells Fargo (WFC) downgraded to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/16
PIPR
07/27/16
DOWNGRADE
Target $18
PIPR
Neutral
Depomed downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst David Amsellem downgraded Depomed to Neutral citing "weak" prescription volume trends for secondary top-line drivers, particularly Gralise and Zipsor. Further, Nucynta trends continue to point to peak sales closer to $500M, below management's target of around $1B, the analyst contends. Amsellem lowered his price target for Depomed to $18 from $21.
09/16/16
NORL
09/16/16
NO CHANGE
Target $30
NORL
Depomed price target raised to $30 to reflect takeover value at Northland
Northland raised Depomed's price target to $30 from $25 to reflect the reported $32 per share takeover value discounted by 6%. The firm's analyst said a company sale mandate could take place following issuance of a decision in Nucynta family patent litigation with a Federal District Court judge set to rule by end of September.
10/04/16
MZHO
10/04/16
DOWNGRADE
MZHO
Neutral
Depomed downgraded to Neutral from Buy at Mizuho
Mizuho analyst Irina Koffler downgraded Depomed with a Buy due to valuation with a $27 price target on shares.

TODAY'S FREE FLY STORIES

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BMS

Bemis

$44.90

-0.28 (-0.62%)

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ATUS

Altice USA

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  • 22

    Jun

BBRY

BlackBerry

$11.06

0.41 (3.85%)

, FINL

Finish Line

$12.73

0.23 (1.84%)

20:25
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Earnings
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BBRY

BlackBerry

$11.06

0.41 (3.85%)

FINL

Finish Line

$12.73

0.23 (1.84%)

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  • 23

    Jun

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    Jun

NBRV

Nabriva Therapeutics

$10.50

1.19 (12.78%)

20:22
06/22/17
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Initiation
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  • 06

    Jul

WIX

Wix.com

$72.80

0.5 (0.69%)

20:20
06/22/17
06/22
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20:20
Initiation
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  • 28

    Jun

OCLR

Oclaro

$9.44

-0.1 (-1.05%)

20:19
06/22/17
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Initiation
Oclaro initiated at DA Davidson »

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  • 22

    Jun

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    Jun

ACIA

Acacia Communications

$41.64

0.65 (1.59%)

20:19
06/22/17
06/22
20:19
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20:19
Initiation
Acacia Communications initiated at DA Davidson »

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  • 22

    Jun

  • 26

    Jun

LITE

Lumentum

$62.45

-0.05 (-0.08%)

20:19
06/22/17
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20:19
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20:19
Initiation
Lumentum initiated at DA Davidson »

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  • 22

    Jun

  • 26

    Jun

LEJU

Leju

$2.46

0.07 (2.93%)

20:05
06/22/17
06/22
20:05
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20:05
Downgrade
Leju rating change at JPMorgan »

Leju downgraded to…

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GCP

GCP Applied Technologies

$30.40

0.3 (1.00%)

20:04
06/22/17
06/22
20:04
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20:04
Upgrade
GCP Applied Technologies rating change at KeyBanc »

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PHM

PulteGroup

$24.04

-0.24 (-0.99%)

19:58
06/22/17
06/22
19:58
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Initiation
PulteGroup initiated at Credit Suisse »

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DHI

D.R. Horton

$33.47

-0.5 (-1.47%)

19:58
06/22/17
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19:58
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19:58
Initiation
D.R. Horton initiated at Credit Suisse »

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CAA

CalAtlantic

$34.80

-0.34 (-0.97%)

19:57
06/22/17
06/22
19:57
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Initiation
CalAtlantic initiated at Credit Suisse »

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BZH

Beazer Homes

$13.01

0.03 (0.23%)

19:57
06/22/17
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19:57
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19:57
Initiation
Beazer Homes initiated at Credit Suisse »

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MTH

Meritage Homes

$40.40

-0.4 (-0.98%)

19:57
06/22/17
06/22
19:57
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19:57
Initiation
Meritage Homes initiated at Credit Suisse »

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TOL

Toll Brothers

19:57
06/22/17
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19:57
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Initiation
Toll Brothers initiated at Credit Suisse »

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LEN

Lennar

$52.41

-0.84 (-1.58%)

19:57
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Initiation
Lennar initiated at Credit Suisse »

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KBH

KB Home

$22.23

-0.1 (-0.45%)

19:57
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Initiation
KB Home initiated at Credit Suisse »

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  • 27

    Jun

MHK

Mohawk

$242.70

-0.22 (-0.09%)

19:27
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Initiation
Mohawk initiated at Credit Suisse »

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FBHS

Fortune Brands

$65.09

0.06 (0.09%)

19:27
06/22/17
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19:27
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19:27
Initiation
Fortune Brands initiated at Credit Suisse »

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JELD

JELD-WEN Holding

$34.60

-0.29 (-0.83%)

19:26
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19:26
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19:26
Initiation
JELD-WEN Holding initiated at Credit Suisse »

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IBP

Installed Building Products

$52.75

-1 (-1.86%)

19:26
06/22/17
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19:26
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Initiation
Installed Building Products initiated at Credit Suisse »

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OC

Owens Corning

$66.42

-0.85 (-1.26%)

19:26
06/22/17
06/22
19:26
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19:26
Initiation
Owens Corning initiated at Credit Suisse »

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WHR

Whirlpool

$195.16

1.35 (0.70%)

19:26
06/22/17
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19:26
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19:26
Initiation
Whirlpool initiated at Credit Suisse »

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