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NFLX

Netflix

$115.21

0.18 (0.16%)

, AGN

Allergan

$192.85

1.07 (0.56%)

10:13
11/21/16
11/21
10:13
11/21/16
10:13

On The Fly: Top five analyst initiations

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Buy at Brean Capital. 2. Allergan (AGN) initiated with a Market Perform at William Blair. 3. Myovant Sciences (MYOV) was initiated with an Overweight at Barclays, an Outperform at JMP Securities, an Outperform at Baird, a Buy at Citi, and an Outperform at Cowen. 4. RA Pharmaceuticals (RARX) was initiated with a Buy at Jefferies, a Buy at SunTrust, and an Outperform at Credit Suisse. 5. ZTO Express (ZTO) was initiated with a Buy ratings at Citi and Goldman and an Overweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

NFLX

Netflix

$115.21

0.18 (0.16%)

AGN

Allergan

$192.85

1.07 (0.56%)

MYOV

Myovant Sciences

$10.82

-0.43 (-3.82%)

RARX

RA Pharmaceuticals

$13.29

-0.12 (-0.89%)

ZTO

ZTO Express

$16.57

0.27 (1.66%)

  • 28

    Nov

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    Nov

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    Nov

  • 05

    Dec

NFLX Netflix
$115.21

0.18 (0.16%)

11/18/16
MACQ
11/18/16
NO CHANGE
MACQ
Netflix mentioned positively at M Science
11/18/16
WBLR
11/18/16
NO CHANGE
WBLR
Outperform
William Blair calls Netflix net-neutrality fears overblown
Shares of Netflix are down about 8% since President-elect Donald Trump won the election, in part due to growing concerns about potential changes to net-neutrality, William Blair analyst Ralph Schackart tells investors in a research note. Netflix already has paying arrangements in place with the major Internet Service Providers in the United States, and any potential reversal of net-neutrality rules by the Federal Communications Commission would likely not supersede agreements that are already established, Schackart contends. As such, the analyst believes any changes to the rule would likely be a nonevent for Netflix. He remains a long-term believer in Netflix's original content strategy, the "inevitable" shift to over-the-stop streaming, and the company's ability to grow revenue faster than content costs. Schackart's "base case" valuation methodology points to a mid-$140s stock price and his "bull case" has a stock price of $185. Netflix closed yesterday at $115.03.
11/21/16
BMUR
11/21/16
INITIATION
Target $145
BMUR
Buy
Netflix initiated with a Buy at Brean Capital
Brean Capital analyst Alan Gould started Netflix with a Buy rating and $145 price target. The company has created an "unstoppable lead" in the internet TV business and is positioned to dominate the business long term, Gould tells investors in a research note. He believes Netflix over the next 15 years can attract 300M global subscribers and generate over $25 of earnings per share. The stock closed Friday up 18c to $115.21.
11/18/16
RBCM
11/18/16
NO CHANGE
RBCM
Internet stock weakness creates buying opportunity, says RBC Capital
EBC Capital analyst Mark Mahaney says that the 5%-10% decline in Internet stocks since the election has created more attractive long-term opportunities. The analyst does not expect the Trump Administration's policies to have a major impact on the fundamentals of the Internet sector. His favorite large-cap names in the sector are, in order, Netflix (NFLX), Facebook (FB), and Priceline (PCLN). His favorite small-cap names are, in order, Yelp (YELP), Criteo (CRTO), and GoDaddy (GDDY).
AGN Allergan
$192.85

1.07 (0.56%)

11/03/16
JPMS
11/03/16
NO CHANGE
JPMS
JPMorgan calls Lilly, Bristol-Myers, Allergan favorite pharma majors
Following a "challenging" Q3 earnings season for the major pharmaceuticals companies, JPMorgan analyst Chris Schott said pricing continues to be a major overhang on the space. However, he believes these and other challenges are "increasingly well reflected" in both earnings and sector multiples and recommends companies early in new product launch cycles. Coming out of the earnings season, Schott named Eli Lilly (LLY), Bristol-Myers (BMY) and Allergan (AGN) as his favorite names in the large-cap pharma space.
11/04/16
UBSW
11/04/16
NO CHANGE
Target $240
UBSW
Buy
Allergan price target lowered to $240 from $300 at UBS
UBS analyst Marc Goodman lowered his price target on Allergan to $240 from $300 following disappointing Q3 results and a lowering of his estimates. However, Goodman reiterated his Buy rating on Allergan shares, on the belief it is still a good growth story, has an efficient tax structure and robust pipeline, and has the potential to put up double digit earnings growth for the rest of the decade.
11/03/16
LEER
11/03/16
NO CHANGE
Target $266
LEER
Outperform
Allergan price target lowered to $266 from $294 at Leerink
Leerink analyst Jason Gerberry lowered his price target for Allergan to $266 from $294 after the company reported quarterly results modestly missing revenue and EPS targets, with a slowdown in revenue for some of the company's established products leading to a 2016 guidance rebasing. However, Gerberry reiterates an Outperform rating on the shares as he came away from the quarter update encouraged by robust Q3 sales growth from Allergan's more differentiated/cash pay growth drivers.
11/21/16
WBLR
11/21/16
INITIATION
Target $209
WBLR
Market Perform
Allergan initiated with a Market Perform at William Blair
William Blair analyst Tim Lugo started Allergan with a Market Perform rating and $209 price target. The analyst views the company as high quality but sees headwinds in 2017 and 2018. Renewed competition for Botox could weigh on out-year estimates while a Namenda generic could come sooner than expected, Lugo tells investors in a research note.
MYOV Myovant Sciences
$10.82

-0.43 (-3.82%)

11/21/16
COWN
11/21/16
INITIATION
Target $11
COWN
Outperform
Myovant Sciences initiated with an Outperform at Cowen
Cowen analyst Phil Nadeau initiated Myovant Sciences with an Outperform rating and $11 price target as he believes its Relugolix drug potential is undervalued. He noted it reported a strong proof of concept and should enter pivotal programs in 1H 2017, while projecting peak sales of more than $2B.
11/21/16
JMPS
11/21/16
INITIATION
Target $23
JMPS
Outperform
Myovant Sciences initiated with an Outperform at JMP Securities
JMP Securities analyst Jason Butler initiated Myovant Sciences with an Outperform and a $23 price target. The analyst said lead asset, relugolix, is a potent oral GnRH antagonist entering Phase 3 development in women with uterine fibroids and endometriosis, and in men with advanced prostate cancer. He views this as a substantially de-risked asset with established mechanistic rationale and compelling Phase 2 results in Japan with block buster sales opportunities.
11/21/16
BARD
11/21/16
INITIATION
Target $20
BARD
Outperform
Myovant Sciences initiated with an Outperform at Baird
Baird analyst Brian Skorney initiated Myovant Sciences with an Outperform and a $20 price target.
11/21/16
SBSH
11/21/16
INITIATION
Target $17
SBSH
Buy
Myovant Sciences initiated with a Buy at Citi
Citi analyst Robyn Karnauskas started Myovant Sciences (MYOV) with a Buy rating and $17 price target. The analyst sees upside if the company meets enrollment timelines through 2017. Myovant's Relagolix is validated by Neurocrine's (NBIX) Elagolix, but may have greater convenience and efficacy, Karnauskas contends.
RARX RA Pharmaceuticals
$13.29

-0.12 (-0.89%)

11/21/16
BMOC
11/21/16
INITIATION
Target $26
BMOC
Outperform
RA Pharmaceuticals initiated with an Outperform at BMO Capital
BMO Capital analyst Ian Somaiya started RA Pharmaceuticals with an Outperform rating and $26 price target.
11/21/16
RHCO
11/21/16
INITIATION
Target $32
RHCO
Buy
RA Pharmaceuticals initiated with a Buy at SunTrust
SunTrust analyst Yatin Suneja started RA Pharmaceuticals with a Buy rating and $32 price target.
11/21/16
JEFF
11/21/16
INITIATION
Target $25
JEFF
Buy
RA Pharmaceuticals initiated with a Buy at Jefferies
Jefferies analyst Eun Yang started RA Pharmaceuticals with a Buy rating and $25 price target. The analyst sees greater than 100% potential upside should the Phase II data for RA101495 in paroxysmal nocturnal hemoglobinuria patients be positive in the second half of 2017.
11/21/16
FBCO
11/21/16
INITIATION
Target $19
FBCO
Outperform
RA Pharmaceuticals initiated with an Outperform at Credit Suisse
Credit Suisse analyst Kennen MacKay initiated RA Pharmaceuticals with an Outperform and a $19 price target. The analyst said RA101495 as an attractive drug candidate for patients with paroxysmal nocturnal hemoglobinuria with potential to capture greater than30% market share in patients with unmet need despite Soliris treatment and sees potential peak global sales of $837M.
ZTO ZTO Express
$16.57

0.27 (1.66%)

11/21/16
GSCO
11/21/16
INITIATION
Target $19
GSCO
Buy
ZTO Express initiated with a Buy at Goldman
Goldman Sachs analyst Ronald Keung started ZTO Express with a Buy rating and $19 price target. The company is a leading e-commerce express courier in China with cost leadership, Keung tells investors in a research note.
11/21/16
MSCO
11/21/16
INITIATION
MSCO
Overweight
ZTO Express initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Edward Xu initiated ZTO Express with an Overweight and a $20 price target.
11/21/16
SBSH
11/21/16
INITIATION
Target $19.72
SBSH
Buy
ZTO Express initiated with a Buy at Citi
Citi analyst Vivian Tao started ZTO Express with a Buy rating and $19.72 price target. The analyst expects ZTO's growth momentum to continue as express volumes in China rise at a 30.5% annual rate over 2015-2020.

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WMT

Wal-Mart

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AHH

Armada Hoffler

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FB

Facebook

$153.59

-1.48 (-0.95%)

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KDMN

Kadmon

$3.72

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IBM

IBM

$155.23

1.12 (0.73%)

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DB

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HSBC

HSBC

$43.91

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NTXFF

Natixis

$6.68

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SCGLY

Societe Generale

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UNCFF

UniCredit

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CE

Celanese

$93.76

0.2 (0.21%)

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XRX

Xerox

$29.19

0.75 (2.64%)

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ESES

Eco-Stim Energy

$1.12

0.01 (0.90%)

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AAPL

Apple

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NRIM

Northrim BanCorp

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MBI

MBIA

$8.92

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0.9 (2.21%)

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ESPR

Esperion

$42.87

-1.47 (-3.32%)

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$42.87

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Finjan Holdings

$3.62

-0.18 (-4.74%)

NEOS

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$7.35

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$92.66

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STX

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$42.39

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bluebird bio

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JCP

J.C. Penney

$4.67

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VMI

Valmont

$149.70

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VGZ

Vista Gold

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trivago

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NSA

National Storage

$22.63

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BLKB

Blackbaud

$89.25

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