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JNJ

Johnson & Johnson

$118.49

0.93 (0.79%)

, PFE

Pfizer

$32.50

-0.16 (-0.49%)

08:55
10/18/16
10/18
08:55
10/18/16
08:55

J&J 'confident' can see pharmaceutical growth through 2019 despite biosimilars

Johnson & Johnson (JNJ) said in slides for its Q3 earnings call that the company remains confident it can deliver "strong growth" in pharmaceuticals through 2019 in the "face of biosimilar competition and market dynamics." From 2015-2019, J&J sees 40 potential line extensions, ten of which it identifies as having $500M+ potential. In that timeframe, J&J sees ten potential $1B+ new molecular entities, five of which it identifies as "significant near-term opportunities with higher certainty and higher value than originally anticipated." Additionally, the company said that its U.S. Remicade biosimilar readiness plan "is in place." Last night, Pfizer (PFE) announced that the company will begin shipment of Inflectra for injection, a biosimilar of Remicade, to wholesalers in the United States in late November 2016.

JNJ

Johnson & Johnson

$118.49

0.93 (0.79%)

PFE

Pfizer

$32.50

-0.16 (-0.49%)

  • 18

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  • 01

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  • 06

    Nov

JNJ Johnson & Johnson
$118.49

0.93 (0.79%)

09/19/16
JEFF
09/19/16
NO CHANGE
Target $48
JEFF
Buy
Abbott unit sale does not impact Alere transaction, says Jefferies
Jefferies analyst Jeffrey Holford believes Abbott's (ABT) sale of its Medical Optics business to Johnson & Johnson (JNJ) does not imply an increased probability that the Alere (ALR) deal will close. After speaking to Abbott management, Holford thinks the proceeds from the sale are more likely to be targeted towards the St. Jude Medical (STJ) acquisition. He believes that deal has a higher probability of closing than Alere. Holford has a Buy rating on Abbott with a $48 price target.
09/19/16
LEER
09/19/16
NO CHANGE
LEER
Abbott, Johnson & Johnson transaction positive for both companies, says Leerink
Leerink analyst Danielle Antalffy says the sale of Abbott's (ABT) Medical Optics ophthalmology business to Johnson & Johnson (JNJ) is positive for both companies. The deal strengthens Abbott's balance sheet and eliminates the need for a previously expected $3B capital raise, and adds a key component to Johnson & Johnson's already-strong vision care franchise, the analyst notes.
10/07/16
RBCM
10/07/16
NO CHANGE
RBCM
Johnson & Johnson weakness creates buying opportunity, says RBC Capital
RBC Capital analyst Glenn Novarro says that Johnson & Johnson underperformed the market in Q3 due to a number of factors including Remicade biosimilar risk and the pharma pricing debate. The analyst says that "these concerns are manageable/overblown," and he expects the company to report strong Q3 results, driven by a strong pharma performance. Novoroo expects the company's Q3 revenue to come in slightly above expectations, and he predicts that the company will narrow its 2016 EPS guidance to the high end of the previous range. The analyst recommends buying the stock. He keeps a $133 price target and Outperform rating on the shares.
10/18/16
UBSW
10/18/16
NO CHANGE
Target $137
UBSW
Buy
Johnson & Johnson robust pipeline underappreciated, says UBS
UBS analyst Matt Miksic said the Johnson & Johnson pipeline remains robust and is underappreciated. The analyst said the recent launch of biosimilars removes uncertainty and should be positive for the stock. He also expects the additional deployment of the company's capital - to expand its pipeline through in-licensing, partnerships or mid-sized acquisitions - to be incremental to his Buy thesis. Miksic has a $137 price target on Johnson & Johnson shares.
PFE Pfizer
$32.50

-0.16 (-0.49%)

10/07/16
ROTH
10/07/16
NO CHANGE
Target $160
ROTH
Buy
ICU Medical price target raised to $160 from $132 at Roth Capital
Roth Capital analyst Chris Lewis raised his price target for ICU Medical (ICUI) to $160 from $132 after the company announced an agreement to acquire Hospira Infusion Systems from Pfizer (PFE) for $1B. The analyst is overall positive on the deal as it removes the long-standing customer concentration overhang and grows ICU Medical into a legitimate pure-play infusion therapy company with a complete product portfolio. The company also preannounced Q3 preliminary results above expectations, he notes. Lewis reiterates a Buy rating on ICU Medical's shares.
10/13/16
JEFF
10/13/16
DOWNGRADE
Target $36
JEFF
Hold
Pfizer downgraded to Hold from Buy at Jefferies
Jefferies analyst Jeffrey Holford downgraded Pfizer (PFE) to Hold citing a lack of positive catalysts. The analyst says the drivers for his upgrade to Buy have either played out or have not materialized, namely an inversion or GEP unit separation. To reflect the infusion business disposal and weaker Ibrance trends, Holford cut his mid-term earnings estimates for Pfizer by up to 7% and cut his price target for the shares to $36 from $39. The stock closed yesterday down 6c to $33.07. The analyst also sees increased risk of a major acquisition occurring over the next 12 months. In the global pharma space, Holford lists AbbVie (ABBV), Eli Lilly (LLY), Novartis (NVS) and AstraZeneca (AZN) as his top picks.
10/13/16
10/13/16
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. Bristol-Myers (BMY) downgraded to Buy from Conviction Buy at Goldman with analyst Jami Rubin saying disappointing CM-26 data adds a greater level of uncertainty to future trials. 2. Pfizer (PFE) downgraded to Hold from Buy at Jefferies with analyst Jeffrey Holford citing a lack of positive catalysts. 3. Coach (COH) downgraded to Mixed from Positive at OTR Global citing checks that indicate less competitive offerings, reduced promotions, and feedback of some share loss by store managers. 4. E-Trade (ETFC) downgraded to Neutral from Buy at BofA/Merrill. 5. Deckers Brands (DECK) downgraded to Negative from Neutral at Susquehanna with analyst Sam Poser saying he believes the health of the UGG brand is clearly at risk as the company has already started promotional activity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/16
UBSW
10/18/16
NO CHANGE
Target $38
UBSW
Buy
Pfizer risk/reward favorable at current levels, says UBS
UBS analyst Marc Goodman likes the current risk/reward for Pfizer shares. He believes the shares will move higher as top-line growth improves, its pipeline appreciation gets better, and management continues to be aggressive with M&A. Goodman reiterated his Buy rating and $38 price target on Pfizer shares.

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$249.02

1.67 (0.68%)

, TAL

TAL Education

$85.58

0.33 (0.39%)

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TAL Education

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MYGN

Myriad Genetics

$18.98

-0.07 (-0.37%)

, VCYT

Veracyte

$7.95

0.06 (0.76%)

13:50
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02/27
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Myriad Genetics

$18.98

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VCYT

Veracyte

$7.95

0.06 (0.76%)

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General news
Treasury Action: yield have spiked higher as rate hike fears flare up »

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LJPC

La Jolla

$19.87

1.65 (9.06%)

13:39
02/27/17
02/27
13:39
02/27/17
13:39
Recommendations
La Jolla price target raised to $40 from $27 at Jefferies »

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NH

NantHealth

$7.54

-0.08 (-1.05%)

, MDRX

Allscripts

$12.05

-0.11 (-0.90%)

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CTCA partners with Allscripts, NantHealth to launch Clinical Pathways »

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NH

NantHealth

$7.54

-0.08 (-1.05%)

MDRX

Allscripts

$12.05

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VRAY

ViewRay

$4.76

0.01 (0.21%)

13:30
02/27/17
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13:30
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ViewRay analyst commentary  »

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AIG

AIG

$63.97

0.34 (0.53%)

13:29
02/27/17
02/27
13:29
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13:29
Periodicals
AIG board to discuss whether to penalize or oust CEO over Q4 numbers, WSJ says »

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HAIN

Hain Celestial

$34.61

-0.23 (-0.66%)

13:26
02/27/17
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13:26
Options
Hain Celestial call volume above normal and directionally bullish »

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BLUE

bluebird bio

$82.00

3.7 (4.73%)

13:19
02/27/17
02/27
13:19
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13:19
Downgrade
bluebird bio rating change  »

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$NSD

NASDAQ Market Internals

13:17
02/27/17
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13:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

13:16
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02/27
13:16
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13:16
Technical Analysis
NYSE market internals summary »

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BLUE

bluebird bio

$82.00

3.7 (4.73%)

13:15
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13:15
Downgrade
bluebird bio rating change  »

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STM

STMicroelectronics

$15.49

0.485 (3.23%)

13:06
02/27/17
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13:06
Options
STMicroelectronics call volume above normal and directionally bullish »

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XOM

Exxon Mobil

$81.47

0.385 (0.47%)

13:05
02/27/17
02/27
13:05
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13:05
Periodicals
Exxon CEO sees rising Permian production, continued Russia presence, Forbes says »

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SAFM

Sanderson Farms

$94.44

-0.72 (-0.76%)

13:01
02/27/17
02/27
13:01
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13:01
Conference/Events
Sanderson Farms management to meet with JPMorgan »

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DDAIF

Daimler AG

$72.92

-0.39 (-0.53%)

13:01
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Daimler names Martin Daum head of Trucks, Buses divisions »

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MMM

3M

$186.67

-0.7399 (-0.39%)

13:00
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IPTAB upholds validity of 3M Korean patent »

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TRVG

trivago

$12.85

-0.13 (-1.00%)

12:57
02/27/17
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12:57
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Conference/Events
trivago management to meet with JPMorgan »

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SSNLF

Samsung

, FB

Facebook

$135.44

0.08 (0.06%)

12:55
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Samsung says new Facebook app available for Samsung TVs »

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SSNLF

Samsung

FB

Facebook

$135.44

0.08 (0.06%)

03/08/13
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SNAP

Snap Inc.

12:52
02/27/17
02/27
12:52
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Hot Stocks
Snap Inc: Some Class A shares subject to separate lock-up »

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MRVL

Marvell

12:51
02/27/17
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Options
Notable premium seller in Marvell Tech »

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WLL

Whiting Petroleum

$10.95

0.15 (1.39%)

12:46
02/27/17
02/27
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Options
Whiting Petroleum call volume above normal and directionally bullish »

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CLSD

Clearside Biomedical

$8.06

1.16 (16.81%)

12:45
02/27/17
02/27
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12:45
Conference/Events
Clearside Biomedical has a conference call hosted by JPMorgan »

JPMorgan Analyst Rama…

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  • 27

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SBGSY

Schneider Electric

$13.49

-0.21 (-1.53%)

12:44
02/27/17
02/27
12:44
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12:44
Conference/Events
Schneider Electric management to meet with JPMorgan »

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MTB

M&T Bank

$168.14

-0.535 (-0.32%)

12:37
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M&T Bank announces passing of COO Mark Czarnecki »

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