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AGN

Allergan

$188.84

-2.3 (-1.20%)

16:17
11/22/16
11/22
16:17
11/22/16
16:17

Allergan acquires Chase Pharmaceuticals for upfront payment of $125M

Allergan announced that it has completed the acquisition of Chase Pharmaceuticals, a clinical-stage biopharmaceutical company focused on the development of improved treatments for neurodegenerative disorders including Alzheimer's disease. Allergan acquired Chase for an upfront payment of $125M and additional potential regulatory and sales milestone payments related to Chase's lead compound, CPC-201, and certain backup compounds.

  • 29

    Nov

AGN Allergan
$188.84

-2.3 (-1.20%)

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.
11/04/16
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.
11/21/16
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.
11/21/16
11/21/16
INITIATION

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.

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BMRN

BioMarin

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CELG

Celgene

$117.63

-1.24 (-1.04%)

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INCY

Incyte

$102.02

2.09 (2.09%)

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INCY

Incyte

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PFE

Pfizer

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LLY

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JUNO

Juno Therapeutics

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0.53 (2.66%)

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JUNO

Juno Therapeutics

$20.43

0.53 (2.66%)

KITE

Kite Pharma

$50.76

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BLUE

bluebird bio

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NVS

Novartis

$68.17

0.42 (0.62%)

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BMRN

BioMarin

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-1.12 (-1.34%)

, ESALY

Eisai

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0.59 (1.03%)

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BMRN

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ESALY

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GWPH

GW Pharmaceuticals

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3.04 (2.78%)

IART

Integra LifeSciences

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MDT

Medtronic

$72.01

0.13 (0.18%)

MNK

Mallinckrodt

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NVTA

Invitae

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SAGE

SAGE Therapeutics

$49.02

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WTKWY

Wolters Kluwer

$34.08

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ZGNX

Zogenix

$13.05

0.35 (2.76%)

ZYNE

Zynerba

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0.83 (6.48%)

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WMT

Wal-Mart

$70.88

0.21 (0.30%)

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Wal-Mart to pay $7.5M to settle same-sex spouse benefit case, Reuters reports »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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GMED

Globus Medical

$21.89

0.12 (0.55%)

TLN

Talen Energy

UMBF

UMB Financial

$77.00

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IM

Ingram Micro

$38.88

1.31 (3.49%)

HMST

HomeStreet

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JNJ

Johnson & Johnson

$111.96

0.58 (0.52%)

, ALIOF

Actelion

$206.01

15.21 (7.97%)

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ALIOF

Actelion

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CE

Celanese

$79.10

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HomeStreet

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GMED

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BGS

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ZEN

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$21.17

0.34 (1.63%)

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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%)

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CX

CEMEX

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SRNE

Sorrento Therapeutics

$5.15

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MBRX

Moleculin Biotech

$2.63

-0.14 (-5.05%)

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NEOG

Neogen

$61.59

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RRC

Range Resources

$36.36

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EOG

EOG Resources

$103.74

-1.01 (-0.96%)

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HMST

HomeStreet

$29.35

-0.2 (-0.68%)

, UMBF

UMB Financial

$77.00

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UMBF

UMB Financial

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-0.43 (-0.56%)

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UMBF

UMB Financial

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, IM

Ingram Micro

$38.88

1.31 (3.49%)

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IM

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GMED

Globus Medical

$21.89

0.12 (0.55%)

, TLN

Talen Energy

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