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LCI

Lannett

$22.85

1.2 (5.54%)

06:59
10/19/16
10/19
06:59
10/19/16
06:59

Lannett says FDA will seek to withdraw approval of ANDA for Methylphenidate HCI

Lannett received a notice from the FDA that it will seek to withdraw approval of the company's Abbreviated New Drug Application, or ANDA, for Methylphenidate Hydrochloride, or HCl, Extended-Release Tablets. FDA's proposal includes an opportunity for Lannett to request a hearing on this matter. Lannett has until November 17, 2016 to request the hearing and until December 19, 2016 to submit all data, information and analyses upon which the request for a hearing relies.

  • 14

    Dec

LCI Lannett
$22.85

1.2 (5.54%)

03/24/16
03/24/16
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. Petrobras (PBR) downgraded to Sell at Deutsche Bank by analyst Alexander Burgansky, who said he sees no upside for the equity with negative net income likely in both 2016 and 2017. 2. Lannett (LCI) downgraded to Sell at Canaccord after the company cut its guidance to below consensus expectations. 3. Cognex (CGNX) downgraded to Underperform at CLSA by analyst Jeremie Capron, who said Apple's (AAPL) new iPhone SE is essentially a refreshed iPhone 5S, which will likely be made with older equipment and raises the risk that Cognex will not meet lofty consensus expectations. Capron sees increased earnings risk for the rest of the year given the weaker manufacturing capex environment and developments at Apple and views risk/reward as unfavorable following the recent strength. 4. EndoChoice (GI) downgraded to Underperform at BofA/Merrill due to expectations that low margin microcaps will not outperform enough to compensate for the relative risk taken. 5. General Dynamics (GD) downgraded to Hold at Deutsche Bank by analyst Myles Walton, who said Gulfstream G650 inventory and price trends are "quickly becoming a problem." Walton added that the available for sale G650s moved from 9 to 22 over the last five months. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/27/16
SUSQ
05/27/16
NO CHANGE
Target $35
SUSQ
Neutral
News of Valeant offer could put floor under 'beaten up' names, says Susquehanna
Susquehanna analyst Andrew Finkelstein commented on the media report that Valeant (VRX) was approached by TPG and Takeda (TKPYY) about a potential buyout, noting the timing mentioned means the approach came when Valeant shares were trading at or below the mid-$30 range. What is not known is whether a premium was offered, but the firm notes that private equity deals have generally been done at low multiples. However, this report and other recent news signaling private equity interest in the space could help put a a floor under "beaten up" pharma names like Endo (ENDP), Lannett (LCI) and Akorn (AKRX), Finkelstein tells investors. The report does not change Susquehanna's fundamental views on Valeant, added the analyst, who keeps a Neutral rating and $35 price target on Valeant shares.
06/29/16
DBAB
06/29/16
INITIATION
Target $26
DBAB
Hold
Lannett initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Gregg Gilbert started Lannett with a Hold rating and $26 price target.
08/24/16
ROTH
08/24/16
NO CHANGE
Target $40
ROTH
Buy
Lannett price target raised to $40 from $27.50 at Roth Capital
Roth Capital analyst Scott Henry raised his price target for Lannett to $40 from $27.50 after the company reported "strong" quarterly results and "impressive" 2017 guidance. The analyst reiterates a Buy rating on the shares.

TODAY'S FREE FLY STORIES

PAA

Plains All American

$24.53

0.6301 (2.64%)

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LION

Fidelity Southern

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LITE

Lumentum

$62.45

-0.05 (-0.08%)

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NTDOY

Nintendo

$42.05

0.435 (1.05%)

, SNE

Sony

$38.52

0.11 (0.29%)

14:17
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14:17
Periodicals
Nintendo market cap surpasses Sony's in Japan, Nikkei reports »

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Nintendo

$42.05

0.435 (1.05%)

SNE

Sony

$38.52

0.11 (0.29%)

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

14:16
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Technical Analysis
NYSE market internals summary »

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

14:15
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Conference/Events
Portola Pharmaceuticals hold a conference call »

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  • 23

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SAFM

Sanderson Farms

$123.21

-2.89 (-2.29%)

14:08
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Sanderson Farms to 'vigorously defend' California chicken lawsuit »

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RH

RH

$60.50

3.847 (6.79%)

14:05
06/23/17
06/23
14:05
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14:05
Options
Restoration Hardware call volume above normal and directionally bullish »

Bullish option flow…

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14:00
06/23/17
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Breaking General news story  »

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BLCM

Bellicum Pharmaceuticals

$13.98

1.33 (10.51%)

13:51
06/23/17
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13:51
Recommendations
Bellicum Pharmaceuticals analyst commentary  »

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  • 23

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MDRX

Allscripts

$12.71

0.52 (4.27%)

13:50
06/23/17
06/23
13:50
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13:50
Options
Second day of bullish option flow in Allscripts »

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NTNX

Nutanix

$18.50

0.16 (0.87%)

13:45
06/23/17
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13:45
Options
Nutanix call volume above normal and directionally bullish »

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13:40
06/23/17
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General news
And now Fed's Mester warns that a failure to hike »

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

13:36
06/23/17
06/23
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13:36
Hot Stocks
Breaking Hot Stocks news story on Portola Pharmaceuticals »

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  • 23

    Jun

  • 24

    Jun

PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

13:35
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13:35
Hot Stocks
Breaking Hot Stocks news story on Portola Pharmaceuticals »

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  • 23

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GE

General Electric

$27.59

0.035 (0.13%)

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  • 02

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PTLA

Portola Pharmaceuticals

$38.25

-1.24 (-3.14%)

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  • 23

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CHGG

Chegg

$12.44

0.48 (4.01%)

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13:25
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VRX

Valeant

$15.58

0.0801 (0.52%)

13:20
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Options
Valeant expiring options active Friday »

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  • 24

    Aug

$NSD

NASDAQ Market Internals

13:17
06/23/17
06/23
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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