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BMRN

BioMarin

$88.36

-0.64 (-0.72%)

06:39
11/29/16
11/29
06:39
11/29/16
06:39

BioMarin downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Geoff Meacham downgraded BioMarin to Equal Weight and lowered its price target to $105 from $125. The analyst said moderating growth and lack of 2017 catalysts provide only modest upside opportunity over the next 12 months.

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BMRN BioMarin
$88.36

-0.64 (-0.72%)

11/07/16
PIPR
11/07/16
UPGRADE
Target $335
PIPR
Overweight
Biogen upgraded to Overweight from Neutral at Piper Jaffray
In a research note partially titled "We Hope We Don't Regret This," Piper Jaffray analyst Joshua Schimmer upgraded Biogen (BIIB) to Overweight with an unchanged price target of $335. The company still has time to "get its act together to maximize the value of its SMA franchise, and stop being M&A disciplined/pipeline-undisciplined," Schimmer tells investors in a research note. He believes the valuation is "reasonable" for the Alzheimer's and SMA franchises as well as some "interesting" pipeline opportunities. Schimmer this morning also downgraded BioMarin (BMRN) to Neutral.
11/07/16
11/07/16
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. BioMarin (BMRN) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer saying he sees a "number of under-appreciated" risks ahead. 2. Akorn (AKRX) downgraded to Underperform from Buy at BofA/Merrill and to Hold from Buy at WallachBeth. 3. GoPro (GPRO) downgraded to Underperform from Neutral at BofA/Merrill. 4. L Brands (LB) downgraded to Underperform from Hold at Jefferies with analyst Randal Konik citing rising competition and pricing competition. 5. Xerox (XRX) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex saying both the BPO and DocTech businesses are facing secular pressures and said the Conduent spinco will add $2B of net incremental leverage and faces headwinds in both growth and pricing and will need to focus on margin expansion to drive shareholder value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, cllick here.
11/09/16
RBCM
11/09/16
NO CHANGE
RBCM
Biotech stocks should be bought on post-election decline, says RBC Capital
RBC Capital recommends buying biotech stocks today on weakness. The firm notes that stocks usually rebound after they drop due to political events that don't affect their fundamentals, and it believes that the decline in biotech stocks today is in that category. The firm says that President-elect Trump probably won't focus on drug prices or Medicare reform. It adds that biotech companies should benefit from the fact that Congress will stay in GOP hands and the apparent failure of California's Proposition 61 initiative. The firm identifies Celgene (CELG), Biogen (BIIB), Vertex (VRTX), BioMarin (BMRN), and Prothena (PRTA) as its favorite names in the sector.
11/18/16
GABE
11/18/16
NO CHANGE
Target $99
GABE
Buy
Incyte, Regeneron among Gilead M&A options after latest setback, says Gabelli
Gabelli analyst Jing He noted Gilead's (GILD) "mixed" results from its Phase III trials evaluating momelotinib, which showed that the drug is not superior to Incyte's (INCY) Jakafi. Commenting on Gilead's potential path after momelotinib's "disappointing" results and several other pipeline setbacks this year, He suggested that Gilead could look to buy Incyte, which looks like "Regeneron lite," or simply buy Regeneron (REGN) itself. The analyst said Gilead could alternately target an orphan drug company such as Alexion (ALXN), Vertex (VRTX) or BioMarin (BMRN). She keeps a Buy rating and $99 per share private market value on Gilead shares, as she expects M&A to be a catalyst for the stock.

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BBSI

Barrett Business

$62.30

1.85 (3.06%)

, BREW

Craft Brew

$16.65

0.45 (2.78%)

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Barrett Business

$62.30

1.85 (3.06%)

BREW

Craft Brew

$16.65

0.45 (2.78%)

CHKE

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DFBG

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DLA

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MB

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OSIS

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1.22 (1.59%)

PLNT

Planet Fitness

$21.01

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ROX

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$0.75

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PRTS

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RSYS

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SWHC

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VSTO

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WMAR

West Marine

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ZAGG

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  • 12

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ANET

Arista Networks

$94.41

-1.35 (-1.41%)

, CSCO

Cisco

$30.06

0.11 (0.37%)

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Hot Stocks
Arista Networks favored in ITC initial determination on four of six patents »

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ANET

Arista Networks

$94.41

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CSCO

Cisco

$30.06

0.11 (0.37%)

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  • 12

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TKTDY

Takata Corporation

$10.70

0.05 (0.47%)

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U.S. DOT looks to accelerate pace of Takata air bag replacements, Reuters says »

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DV

DeVry

$31.90

0.9 (2.90%)

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  • 09

    Dec

CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

18:10
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Periodicals
Cornerstone OnDemand considers sale amid activist pressure, Bloomberg reports »

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CVM

CEL-SCI

$0.12

-0.0014 (-1.17%)

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Hot Stocks
NYSE MKT says CEL-SCI noncompliant with certain listing requirements »

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XOM

Exxon Mobil

$89.00

0.68 (0.77%)

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Exxon CEO Tillerson emerges as top candidate for secretary of state, WSJ says »

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FUL

H.B. Fuller

$50.36

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BIIB

Biogen

$287.77

-1.77 (-0.61%)

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SNY

Sanofi

$40.40

0.63 (1.58%)

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CSOD

Cornerstone OnDemand

$39.10

-0.11 (-0.28%)

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TACO

Del Taco

$14.75

-0.39 (-2.58%)

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  • 09

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UNVR

Univar

$26.36

0.54 (2.09%)

, BXLT

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UNVR

Univar

$26.36

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BXLT

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

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BSX

Boston Scientific

$20.81

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, NVRO

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BSX

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NVRO

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RTN

Raytheon

$146.30

0.14 (0.10%)

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CX

CEMEX

$8.77

-0.16 (-1.79%)

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PDEX

PRO-DEX

$4.48

0.034 (0.76%)

17:06
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PFBX

Peoples Financial

$14.50

-0.5 (-3.33%)

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Breaking Hot Stocks news story on Peoples Financial »

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QUIK

QuickLogic

$0.94

-0.0163 (-1.71%)

17:00
12/09/16
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Syndicate
Breaking Syndicate news story on QuickLogic »

QuickLogic files $40M…

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STRZA

Starz

17:00
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12/09
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Breaking Hot Stocks news story on Starz »

Elliott Associates…

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BEL

Belmond

16:55
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12/09
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16:55
Syndicate
Breaking Syndicate news story on Belmond »

Belmond files automatic…

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PARN

Parnell

$1.42

-0.0031 (-0.22%)

16:55
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Breaking Hot Stocks news story on Parnell »

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

, SHAK

Shake Shack

$38.08

0.82 (2.20%)

16:50
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16:50
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Breaking Hot Stocks news story on Morgan Stanley, Shake Shack »

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MS

Morgan Stanley

$43.73

0.15 (0.34%)

SHAK

Shake Shack

$38.08

0.82 (2.20%)

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