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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%)

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.
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.
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.
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.

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GMED

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Celanese

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ZEN

Zendesk

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ZEN

Zendesk

$21.17

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  • 08

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AIXG

Aixtron

$3.97

-0.05 (-1.24%)

17:42
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CEMEX

$7.83

0.09 (1.16%)

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SRNE

Sorrento Therapeutics

$5.15

-0.1 (-1.90%)

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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NEOG

Neogen

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Range Resources

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EOG Resources

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HMST

HomeStreet

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UMB Financial

$77.00

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, IM

Ingram Micro

$38.88

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IM

Ingram Micro

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GMED

Globus Medical

$21.89

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ALB

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FOR

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