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ABBV

AbbVie

$60.99

-0.6 (-0.97%)

14:01
11/30/16
11/30
14:01
11/30/16
14:01

AbbVie receives orphan drug designation for investigational Crohn's treatment

AbbVie announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to risankizumab for the investigational treatment of Crohn's disease in pediatric patients. Risankizumab is being evaluated in immunological disorders, including Crohn's disease, psoriasis, psoriatic arthritis and asthma. Risankizumab is an investigational treatment that is part of a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading future development and commercialization of risankizumab globally. Risankizumab is not currently approved by regulatory authorities.

  • 03

    Dec

  • 05

    Dec

ABBV AbbVie
$60.99

-0.6 (-0.97%)

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.
11/29/16
MAXM
11/29/16
NO CHANGE
Target $6
MAXM
Sell
Question on Momenta's biosimilar Humira not efficacy, but legality, says Maxim
Maxim analyst Jason McCarthy noted that Momenta (MNTA) announced that M923, its biosimilar version of Humira, met the primary endpoint in a trial of its efficacy, but added that the question about the product "is not efficacy, it is legal." If M923 is approved, a fight over IP with AbbVie (ABBV) could delay the commercial launch to 2022 or later, said McCarthy, who keeps a Sell rating on Momenta shares.

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ALNY

Alnylam

$42.25

1.445 (3.54%)

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  • 16

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$NYE

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CVO

Cenveo

$6.84

-0.16 (-2.29%)

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$NSD

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CLRB

Cellectar Biosciences

$1.33

-0.04 (-2.92%)

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INSW

International Seaways

$14.40

0.86 (6.35%)

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Breaking Hot Stocks news story on International Seaways »

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BFS

Saul Centers

$66.45

-0.96 (-1.42%)

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Saul Centers raises quarterly dividend 8.5% to 51c from 47c per share »

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ASNA

Ascena Retail

$8.04

-0.07 (-0.86%)

16:08
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Ascena Retail names David Jaffe chairman of the board »

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MORN

Morningstar

16:08
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12/09
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Hot Stocks
Morningstar raises quarterly dividend to 23c from 22c per share »

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SAND

Sandstorm Gold

$3.83

-0.19 (-4.73%)

16:07
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Breaking Syndicate news story on Sandstorm Gold »

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ACIU

AC Immune

$14.93

2.88 (23.90%)

, RHHBY

Roche

$27.86

0.78 (2.88%)

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16:05
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AC Immune partner Genentech presents 'important' data on Alzheimer's therapy »

AC Immune (ACIU)…

ACIU

AC Immune

$14.93

2.88 (23.90%)

RHHBY

Roche

$27.86

0.78 (2.88%)

03/08/13
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MDVX

Medovex

$1.50

0.03 (2.04%)

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Breaking Hot Stocks news story on Medovex »

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BDC

Belden

$78.79

-1.69 (-2.10%)

16:01
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12/09
16:01
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Belden extends shareholder rights agreement »

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GENE

Genetic Technologies

$1.19

-0.01 (-0.83%)

15:59
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FLO

Flowers Foods

$19.26

2.2325 (13.11%)

15:53
12/09/16
12/09
15:53
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15:53
Recommendations
Flowers Foods analyst commentary  »

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HAL

Halliburton

$54.22

-0.21 (-0.39%)

15:50
12/09/16
12/09
15:50
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15:50
Options
Halliburton Dec 48.5 puts for a nickel per contract »

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  • 23

    Jan

BIIB

Biogen

$289.54

4.24 (1.49%)

15:43
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VLO

Valero

$67.84

-0.535 (-0.78%)

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Higher option volume in Valero driven by downside put purchases »

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SKLN

Skyline Medical

$2.94

-0.01 (-0.34%)

15:36
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HMNY

Helios and Matheson

$4.26

-0.08 (-1.84%)

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FLO

Flowers Foods

$19.10

2.07 (12.16%)

15:32
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WBA

Walgreens Boots Alliance

$84.28

-0.71 (-0.84%)

, RAD

Rite Aid

$8.20

0.045 (0.55%)

15:25
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15:25
Periodicals
Walgreens near finalizing Rite Aid divestiture package, CTFN reports »

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WBA

Walgreens Boots Alliance

$84.28

-0.71 (-0.84%)

RAD

Rite Aid

$8.20

0.045 (0.55%)

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  • 05

    Jan

BAS

Basic Energy

$0.44

-0.0039 (-0.89%)

15:19
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$NYE

NYSE Market Internals

15:16
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Technical Analysis
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$NSD

NASDAQ Market Internals

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