Breaking News Instant updates and real-time market news.

GLPG

Galapagos NV

$58.91

-0.85 (-1.42%)

, ABBV

AbbVie

$59.45

-1.06 (-1.75%)

16:03
11/28/16
11/28
16:03
11/28/16
16:03

Galapagos initiates Phase 1 study that triggers milestone payment from AbbVie

Galapagos (GLPG) reported the initiation of a Phase 1 study in healthy volunteers with GLPG2737, a novel C2 corrector drug for cystic fibrosis. Initiation of the Phase 1 study triggers a $10M milestone payment from AbbVie (ABBV).

GLPG

Galapagos NV

$58.91

-0.85 (-1.42%)

ABBV

AbbVie

$59.45

-1.06 (-1.75%)

  • 03

    Dec

  • 05

    Dec

  • 14

    Dec

GLPG Galapagos NV
$58.91

-0.85 (-1.42%)

10/12/16
RBCM
10/12/16
NO CHANGE
RBCM
Outperform
Vertex competitor to report data soon, but has long way to go, says RBC Capital
RBC Capital analyst Michael Yee noted that Galapagos NV (GLPG) and partner AbbVie (ABBV) are likely to present new Phase IIa data for GLP-1837 for cystic fibrosis and host an analyst event on October 27, adding that he believes the data will likely be positive and suggest they are "on track" with progress on their triple pill. Yee adds it won't be surprising if Galapagos has positive '1837 "potentiator" data, as this is the easier of the components and only the first piece of a 3-pill drug. Vertex (VRTX) is also hosting an analyst event on Oct. 27 and will probably also give an update on its own "triple," said Yee, who thinks it should stay in the lead with most advanced triple. Yee keeps an Outperform rating on Vertex shares.
10/18/16
GSCO
10/18/16
UPGRADE
GSCO
Buy
Galapagos NV upgraded to Buy from Neutral at Goldman
10/27/16
JEFF
10/27/16
NO CHANGE
Target $102
JEFF
Buy
Jefferies sees Galapagos as reducing competitive concerns for Vertex
Jefferies analyst Brian Abrahams believes the "difficult to interpret" data from Galapagos (GLPG) should help reduce the "overdone" competitive concerns weighing on shares of Vertex Pharmaceuticals (VRTX). Galapagos' data for GLPG1837 show "possible signals of activity, but short study, small sample size, underdosing, and variability makes the results very difficult to conclusively interpret," Abrahams tells investors in a research note. The North American Cystic Fibrosis Conference highlights the early stage of any potential competitor and Vertex's "significant developmental lead time," the analyst contends. He reiterates a Buy rating on the shares with a $102 price target.
11/01/16
WBLR
11/01/16
DOWNGRADE
Target $81
WBLR
Market Perform
William Blair downgrades Vertex with competition looming
William Blair analyst Y. Katherine Xu downgraded Vertex Pharmaceuticals (VRTX) to Market Perform from Outperform after attending the North American Cystic Fibrosis Conference. Looming competition "has become more and more real," Xu tells investors in a research note. The triple combo in vitro data from Vertex, AbbVie (ABBV)/Galapagos (GLPG) and Proteostasis (PTI) appear comparable, Xu contends. The analyst expects "deteriorating pricing" for the Vertex's Cystic Fibrosis franchise starting in 2022 due to competition. She lowered her price target for the shares to $81 from $105. Vertex closed yesterday at $78.86.
ABBV AbbVie
$59.45

-1.06 (-1.75%)

11/08/16
BARD
11/08/16
NO CHANGE
Target $40
BARD
Outperform
Coherus Biosciences weakness a buying opportunity, says Baird
Baird analyst Michael Ulz noted Coherus (CHRS) received a decision denying the institution of the '166 IPR related to Abbie's (ABBV) Humira. Though the decision was disappointing, the analyst sees multiple opportunities remaining to circumvent the patent. Ulz said he would be a buyer on the weakness in Coherus and reiterated his Outperform rating and $40 price target on the shares.
11/28/16
SBSH
11/28/16
DOWNGRADE
SBSH
Neutral
AbbVie downgraded to Neutral from Buy at Citi
11/28/16
SBSH
11/28/16
DOWNGRADE
Target $60
SBSH
Neutral
Citi analyst 'perturbed,' downgrades AbbVie to Neutral
Citi analyst Andrew Baum earlier today downgraded AbbVie (ABBV) to Neutral from Buy and lowered his price target for the shares to $60 from $65. The biopharmaceutical company is trading down 2%, or 99c, to $59.52. The risk to post 2017 consensus estimates for Humira has "increased on almost all fronts," Baum tells investors in a research note. The analyst sees increased patent risk and competition from biosimilar Enbrel in Europe. He also believes AstraZeneca (AZN) and Acerta's acalabrutinib "looks like a better mousetrap" than AbbVie's Imbruvica. Baum is also "perturbed" by AbbVie management's recent "rich" acquisition of Stemcentrx. He prefers shares of Eli Lilly (LLY) and Bristol-Myers (BMY) to AbbVie.
11/28/16
11/28/16
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. AbbVie (ABBV) downgraded to Neutral from Buy at Citi. 2. Citi (C), Wells Fargo (WFC), and Regions Financial (RF) were downgraded to Hold from Buy at Jefferies with analyst Ken Usdin citing valuation. 3. Hilton (HLT) and Marriott (MAR) were downgraded to Hold from Buy at Evercore ISI. 4. H&R Block (HRB) downgraded to Sell from Neutral at BTIG with analyst Mark Palmer noting that President-elect Trump has said he wants to put H&R Block out of business by simplifying the tax code. 5. Tupperware Brands (TUP) downgraded to Sell from Neutral at B. Riley with analyst Linda Bolton Weiser saying the stock has not moved lower to reflect post-election currency devaluations. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GRMN

Garmin

$50.74

0.45 (0.89%)

09:51
04/26/17
04/26
09:51
04/26/17
09:51
Options
Put buyers in Garmin ahead of earnings »

Put buyers in Garmin…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

STT

State Street

$81.93

1.305 (1.62%)

09:49
04/26/17
04/26
09:49
04/26/17
09:49
Hot Stocks
State Street sees NIM up in mid single digit range in Q2 »

State Street says making…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

TSS

TSYS

09:45
04/26/17
04/26
09:45
04/26/17
09:45
Technical Analysis
TSYS trades higher after results, price target bump »

Shares are trading up…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AOS

A.O. Smith

, GRMN

Garmin

$50.74

0.45 (0.89%)

09:41
04/26/17
04/26
09:41
04/26/17
09:41
Options
Unusually active option classes on open April 26th »

Unusual total active…

AOS

A.O. Smith

GRMN

Garmin

$50.74

0.45 (0.89%)

SYF

Synchrony

CS

Credit Suisse

TWTR

Twitter

YELP

Yelp

MOMO

Momo

$38.16

-0.29 (-0.75%)

COST

Costco

$172.68

0.35 (0.20%)

LVS

Las Vegas Sands

C

Citi

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 27

    Apr

  • 28

    Apr

  • 03

    May

  • 09

    May

  • 09

    May

  • 18

    May

  • 31

    May

  • 05

    Jun

  • 08

    Jun

  • 25

    Jul

ANTM

Anthem

, CI

Cigna

09:38
04/26/17
04/26
09:38
04/26/17
09:38
Hot Stocks
Anthem says 'continually committed' to Cigna acquisition »

Anthem CEO Joe Swedish…

ANTM

Anthem

CI

Cigna

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 05

    May

  • 18

    May

DPS

Dr Pepper Snapple

09:37
04/26/17
04/26
09:37
04/26/17
09:37
Technical Analysis
Dr Pepper Snapple breaks uptrend off November lows, levels to watch »

The stock was last at…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

AAL

American Airlines

$46.61

0.17 (0.37%)

, JBLU

JetBlue

$22.47

0.72 (3.31%)

09:34
04/26/17
04/26
09:34
04/26/17
09:34
Periodicals
American, JetBlue, Delta seek additional flights to Havana, Miami Herald reports »

American Airlines (AAL),…

AAL

American Airlines

$46.61

0.17 (0.37%)

JBLU

JetBlue

$22.47

0.72 (3.31%)

DAL

Delta Air Lines

SAVE

Spirit Airlines

$57.87

-0.13 (-0.22%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 27

    Apr

  • 23

    May

  • 30

    Jun

LVS

Las Vegas Sands

, PENN

Penn National

$18.75

0.09 (0.48%)

09:34
04/26/17
04/26
09:34
04/26/17
09:34
Hot Stocks
Nevada reports March Statewide gaming win up 7.45% to $991.0M »

Reports March Las Vegas…

LVS

Las Vegas Sands

PENN

Penn National

$18.75

0.09 (0.48%)

MGM

MGM Resorts

CZR

Caesars

$10.00

0.05 (0.50%)

WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

BYD

Boyd Gaming

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 27

    Apr

  • 27

    Apr

  • 02

    May

  • 02

    May

  • 04

    May

  • 31

    May

WNEB

Western New England Bancorp

$10.45

0.15 (1.46%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Earnings
Western New England Bancorp reports Q1 EPS 17c, consensus 11c »

The net interest margin…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    May

CHRW

C.H. Robinson

$77.70

0.11 (0.14%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Technical Analysis
C.H. Robinson trades down post-earnings »

Shares were last down…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 03

    May

GME

GameStop

, NTDOY

Nintendo

$31.65

0.55 (1.77%)

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Hot Stocks
GameStop announces new supply of Nintendo Switch systems available »

Just in time for the…

GME

GameStop

NTDOY

Nintendo

$31.65

0.55 (1.77%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

BHP

BHP Billiton

09:32
04/26/17
04/26
09:32
04/26/17
09:32
Upgrade
BHP Billiton rating change  »

BHP Billiton upgraded to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ANTM

Anthem

, CI

Cigna

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Hot Stocks
Anthem sees appeal court decision on Cigna deal as 'relatively imminent' »

Anthem (ANTM) CEO Joe…

ANTM

Anthem

CI

Cigna

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 05

    May

  • 18

    May

CHTR

Charter

$344.50

4.14 (1.22%)

, AMCX

AMC Networks

$59.60

0.81 (1.38%)

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Hot Stocks
AMC Networks, Charter Communications announce content partnership »

Charter Communications…

CHTR

Charter

$344.50

4.14 (1.22%)

AMCX

AMC Networks

$59.60

0.81 (1.38%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Apr

  • 02

    May

  • 04

    May

NCI

Navigant Consulting

09:31
04/26/17
04/26
09:31
04/26/17
09:31
Earnings
Navigant Consulting names Lee Spirer Chief Growth and Transformation Officer »

Navigant announced Lee…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

  • 08

    May

  • 09

    May

  • 11

    May

  • 16

    May

SFM

Sprouts Farmers Market

$22.66

0.68 (3.09%)

09:30
04/26/17
04/26
09:30
04/26/17
09:30
Downgrade
Sprouts Farmers Market rating change  »

Sprouts Farmers Market…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 04

    May

  • 20

    Jun

TYL

Tyler Technologies

09:29
04/26/17
04/26
09:29
04/26/17
09:29
Hot Stocks
Tyler Technologies signs $20M agreement with NY State »

Tyler Technologies signed…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Apr

CBOE

CBOE Holdings

$84.16

0.32 (0.38%)

09:29
04/26/17
04/26
09:29
04/26/17
09:29
Syndicate
CBOE Holdings 2.25M share Block Trade priced at $83.25 »

The deal range was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    May

  • 26

    Apr

FDX

FedEx

09:28
04/26/17
04/26
09:28
04/26/17
09:28
Hot Stocks
FedEx extends official sponsorship of NFL »

FedEx announced today the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 09

    May

  • 09

    May

GABC

German American Bancorp

$34.85

1.36 (4.06%)

09:28
04/26/17
04/26
09:28
04/26/17
09:28
Downgrade
German American Bancorp rating change  »

German American Bancorp…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TWTR

Twitter

, FCAU

Fiat Chrysler

09:27
04/26/17
04/26
09:27
04/26/17
09:27
Hot Stocks
On The Fly: Pre-market Movers »

UP AFTER EARNINGS:…

TWTR

Twitter

FCAU

Fiat Chrysler

IRBT

iRobot

$69.14

-0.12 (-0.17%)

EW

Edwards Lifesciences

TEL

TE Connectivity

WYNN

Wynn Resorts

$118.22

2.65 (2.29%)

X

U.S. Steel

STX

Seagate

$50.51

1.09 (2.21%)

CREE

Cree

$24.82

0.07 (0.28%)

COF

Capital One

BABY

Natus Medical

$40.40

-0.2 (-0.49%)

FLXN

Flexion

$25.96

-0.25 (-0.95%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 26

    Apr

  • 26

    Apr

  • 26

    Apr

  • 26

    Apr

  • 03

    May

  • 04

    May

  • 09

    May

  • 10

    May

  • 31

    May

  • 06

    Jun

  • 06

    Jun

  • 06

    Jun

  • 08

    Jun

  • 08

    Jun

  • 06

    Oct

STX

Seagate

$50.51

1.09 (2.21%)

09:25
04/26/17
04/26
09:25
04/26/17
09:25
Technical Analysis
Seagate continues to slide post-earnings, levels to watch »

Shares are now down over…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 08

    Jun

KLRE

KLR Energy Acquisition

$10.55

0.1384 (1.33%)

09:25
04/26/17
04/26
09:25
04/26/17
09:25
Conference/Events
KLR Energy Acquisition to host special shareholder meeting »

Special Shareholder…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

EADSY

Airbus

$20.22

0.2 (1.00%)

, LMT

Lockheed Martin

09:24
04/26/17
04/26
09:24
04/26/17
09:24
Periodicals
Airbus CEO Enders under investigation for suspected fraud, Reuters says »

Airbus (EADSY) CEO Thomas…

EADSY

Airbus

$20.22

0.2 (1.00%)

LMT

Lockheed Martin

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

GD

General Dynamics

09:23
04/26/17
04/26
09:23
04/26/17
09:23
Hot Stocks
Breaking Hot Stocks news story on General Dynamics »

GD's Novakovic says…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 31

    May

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.