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PFE

Pfizer

$31.54

-0.15 (-0.47%)

, MKGAY

Merck KGaA

$33.60

-0.05 (-0.15%)

08:26
11/29/16
11/29
08:26
11/29/16
08:26

EMD Serono and Pfizer announce FDA accepted avelumab for Priority Review

EMD Serono, the biopharmaceutical business of Merck KGaA (MKGAY), and Pfizer (PFE) announced that the FDA has accepted for Priority Review EMD Serono's Biologics License Application, or BLA,for avelumab. This review relates to avelumab's proposed use in patients with metastatic Merkel cell carcinoma, or MCC, based on tumor response results from the JAVELIN Merkel 200 trial. Avelumab is an investigational fully human anti-PD-L1 IgG1 monoclonal antibody and could be the first treatment indicated for metastatic MCC in the US, if approved.

PFE

Pfizer

$31.54

-0.15 (-0.47%)

MKGAY

Merck KGaA

$33.60

-0.05 (-0.15%)

  • 29

    Nov

  • 04

    Dec

PFE Pfizer
$31.54

-0.15 (-0.47%)

11/02/16
LEER
11/02/16
NO CHANGE
LEER
Pfizer boco failure should not spillover to other PCSK9 antibodies, says Leerink
Leerink analyst Geoffrey Porges says that Pfizer's (PFE) announcement that it is discontinuing development of anti-PCSK9 antibody bococizumab is significant and may give investors pause regarding the entire anti-PCSK9 antibody class. However, the analyst notes that composite of views suggests Boco-specific factors led to disappointment and to the program discontinuation. Further, Porges does not believes investors should expect any similar effects in the longer term follow up with Amgen's (AMGN) Repatha or Regeneron (REGN)/Sanofi's (SNY) Praluent.
11/02/16
ARGS
11/02/16
DOWNGRADE
ARGS
Hold
Pfizer downgradedon weaker outlook at Argus
As noted earlier, Argus downgraded Pfizer to Hold from Buy. Analyst Jacob Kilstein cited "recent pipeline setbacks, prospects for increased competition, and management's decision to shelve its business separation plan" as reasons for the downgrade.
11/02/16
11/02/16
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. Pfizer (PFE) downgraded to Hold from Buy at Argus and to Market Perform from Outperform at BMO Capital. 2. BP (BP) downgraded to Hold from Buy at Societe Generale. 3. Corning (GLW) downgraded to Buy from Conviction Buy at Goldman with analyst Doug Clark saying the restocking phase of glass/TV cyclical recovery is now "well understood and largely behind us." 4. Adeptus Health (ADPT) downgraded to Underperform from Buy at BofA/Merrill, to Hold from Buy at Jefferies, and to Equal Weight from Overweight at Stephens. 5. Brookdale Senior Living (BKD) downgraded to Underperform from Neutral at BofA/Merrill, to Market Perform from Outperform at Wells Fargo, and to Outperform from Top Pick at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/16
LEHM
11/29/16
UPGRADE
Target $38
LEHM
Overweight
Pfizer upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Geoff Meacham upgraded Pfizer to Overweight and raised its price target to $38 from $37. Meacham sees a greater likelihood that Pfizer will be able to access its cash overseas under the new administration, which could be used to acquire growth assets and return capital to shareholders.
MKGAY Merck KGaA
$33.60

-0.05 (-0.15%)

08/12/16
BREN
08/12/16
DOWNGRADE
BREN
Hold
Merck KGaA downgraded to Hold from Buy at Berenberg

TODAY'S FREE FLY STORIES

CBI

CB&I

$20.79

0.7683 (3.84%)

13:40
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Options
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General news
FX Action: USD-JPY »

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EGO

Eldorado Gold

$2.72

-0.1 (-3.55%)

13:37
06/28/17
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13:37
Downgrade
Eldorado Gold rating change  »

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GOOS

Canada Goose

$20.60

-0.49 (-2.32%)

13:30
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13:30
Upgrade
Canada Goose rating change  »

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13:25
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13:25
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13:25
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools &…

MU

Micron

$31.66

-0.84 (-2.58%)

13:24
06/28/17
06/28
13:24
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13:24
Hot Stocks
Nanya Technology lowers Micron stake to 4.17% with recent sale of 11.6M shares »

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BPY

Brookfield Property

$24.08

0.34 (1.43%)

13:22
06/28/17
06/28
13:22
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13:22
Conference/Events
Brookfield Property management to meet with RBC Capital »

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13:20
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13:20
General news
Treasury's $28 B 7-year auction results fell to the soft side »

Treasury's $28 B…

BPOP

Popular

$39.33

0.16 (0.41%)

13:19
06/28/17
06/28
13:19
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13:19
Conference/Events
Popular management to meet with RBC Capital »

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$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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MEOH

Methanex

$42.30

0.4 (0.95%)

13:16
06/28/17
06/28
13:16
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13:16
Conference/Events
Methanex management to meet with RBC Capital »

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  • 28

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$NYE

NYSE Market Internals

13:16
06/28/17
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13:16
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13:16
Technical Analysis
NYSE market internals summary »

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13:15
06/28/17
06/28
13:15
06/28/17
13:15
General news
Treasury Action: intermediate yields ticked higher »

Treasury Action:…

CS

Credit Suisse

$14.45

0.2 (1.40%)

13:14
06/28/17
06/28
13:14
06/28/17
13:14
Syndicate
Breaking Syndicate news story on Credit Suisse »

Credit Suisse files $85B…

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IMGN

ImmunoGen

$6.54

-0.28 (-4.11%)

13:12
06/28/17
06/28
13:12
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13:12
Conference/Events
ImmunoGen management to meet with RBC Capital »

Meeting to be held in…

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VZ

Verizon

$44.85

0.005 (0.01%)

, GOOG

Alphabet

$927.33

-24.94 (-2.62%)

13:09
06/28/17
06/28
13:09
06/28/17
13:09
Periodicals
Verizon explores pooling consumer data with other wireless firms, BI says »

After closing its…

VZ

Verizon

$44.85

0.005 (0.01%)

GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

FB

Facebook

$150.58

-3.01 (-1.96%)

TMUS

T-Mobile

$61.01

-2.14 (-3.39%)

S

Sprint

$8.14

-0.04 (-0.49%)

VOD

Vodafone

$28.65

-0.145 (-0.50%)

TEF

Telefonica

$10.53

-0.1 (-0.94%)

03/08/13
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MIC

Macquarie Infrastructure

$79.18

0.8299 (1.06%)

13:09
06/28/17
06/28
13:09
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13:09
Conference/Events
Macquarie Infrastructure management to meet with RBC Capital »

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13:05
06/28/17
06/28
13:05
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13:05
General news
7-Yr Note Auction Coupon Rate data reported »

7-Yr Note Auction Coupon…

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General news
7-Yr Note Auction Total Amount data reported »

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General news
Treasury Option Action: bullish 10-year positioning »

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MTCH

Match Group

$17.50

-0.295 (-1.66%)

13:04
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Hot Stocks
Tinder introduces Tinder Gold premium service »

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RAD

Rite Aid

$4.04

0.2989 (7.99%)

, WBA

Walgreens Boots Alliance

$77.26

-0.27 (-0.35%)

13:02
06/28/17
06/28
13:02
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13:02
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

RAD

Rite Aid

$4.04

0.2989 (7.99%)

WBA

Walgreens Boots Alliance

$77.26

-0.27 (-0.35%)

MKC

McCormick

$98.40

-0.135 (-0.14%)

LNN

Lindsay

$87.92

1.32 (1.52%)

GBX

Greenbrier

$50.15

0.7 (1.42%)

CAG

Conagra Brands

$37.53

0.525 (1.42%)

STZ

Constellation Brands

$183.93

1.65 (0.91%)

AYI

Acuity Brands

$180.03

4.695 (2.68%)

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GOOG

Alphabet

$927.33

-24.94 (-2.62%)

, GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

13:02
06/28/17
06/28
13:02
06/28/17
13:02
Periodicals
Alphabet sought to sell Nest last year, Reuters reports »

At a certain point in…

GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

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  • 28

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PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

, SHLM

A. Schulman

$27.50

-1.05 (-3.68%)

13:02
06/28/17
06/28
13:02
06/28/17
13:02
Earnings
Notable companies reporting after market close »

Notable companies…

PIR

Pier 1 Imports

$5.42

0.0799 (1.50%)

SHLM

A. Schulman

$27.50

-1.05 (-3.68%)

PRGS

Progress Software

$30.08

-0.16 (-0.53%)

03/08/13
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  • 28

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AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

, GOOG

Alphabet

$927.33

-24.94 (-2.62%)

13:00
06/28/17
06/28
13:00
06/28/17
13:00
Hot Stocks
Best Buy to launch Amazon Alexa, Google Home 'experiences' in 700 stores »

Best Buy (BBY) announced…

AMZN

Amazon.com

$976.78

-17.2 (-1.73%)

GOOG

Alphabet

$927.33

-24.94 (-2.62%)

GOOGL

Alphabet Class A

$948.09

-24 (-2.47%)

BBY

Best Buy

$56.96

0.78 (1.39%)

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