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NKTR

Nektar

$15.50

-0.21 (-1.34%)

12:43
03/20/17
03/20
12:43
03/20/17
12:43

Roth Capital raises Nektar price target to $31 after 'impressive' opioid data

Roth Capital analyst Michael Higgins called Nektar's Phase 3 results for NKTR-181 "impressive" and said he expect management will now enter into negotiations to out-license the drug while meeting with the FDA. Higgins, who believes the drug is worth $2B by "conservatively" estimating its value at 3-4X peak sales, raised his price target on Nektar shares to $31 from $23 and reiterates a Buy rating on the stock.

  • 29

    Mar

  • 01

    Apr

NKTR Nektar
$15.50

-0.21 (-1.34%)

01/03/17
JANY
01/03/17
NO CHANGE
JANY
Janney sees pricing, rising rates as biotech headwinds in 2017
Janney Capital analyst Debjit Chattopadhyay noted that, on a relative basis vs. the Nasdaq, 2016 was the worst year for the Nasdaq biotechnology index (NBI) since 1994 and he believes the "outlook for 2017 isn't particularly rosy" given structural challenges for the sector along with rising interest rates. He cautions about overenthusiasm on M&A, as Chattopadhyay thinks "cash rich pharma may choose to return cash to shareholders through increased buybacks and dividends," and he believes "M&A, if any, is likely to lead to short-term relief rallies and may not represent a broader turn in sentiment." Meanwhile, broader discussion on healthcare spending and regulatory changes are likely to be bigger drivers of biotech sentiment during 2017 than M&A, said Chattopadhyay, who listed bluebird bio (BLUE), Galapagos NV (GLPG), Vertex (VRTX), Clovis (CLVS) and Nektar (NKTR) as on the firm's 2017 biotechnology focus list.
01/06/17
BTIG
01/06/17
INITIATION
Target $22
BTIG
Buy
Nektar initiated with a Buy at BTIG
BTIG analyst Robert Hazlett started Nektar Therapeutics with a Buy rating and $22 price target. Several "intriguing" emerging therapeutics along with multiple near-term catalysts make the shares attractive, Hazlett tells investors in a research note.
01/26/17
PIPR
01/26/17
NO CHANGE
PIPR
Overweight
Celgene acquisition highlights underappreciated Nektar asset, says Piper Jaffray
After Celgene (CELG) announced this morning a deal to acquire Delinia for $300M plus up to $475M in potential milestones, Piper Jaffray analyst Joshua Schimmer noted that the company's lead asset, DEL106, being developed for autoimmune disorders, is similar to Nektar's (NKTR) NKTR-358. While many investors are familiar with Nektar's immune-oncology program, NKTR-214, far fewer are familiar with NKTR-358, though both represent potential blockbuster opportunities if successful, Schimmer tells investors. He keeps an Overweight rating on Nektar, which he identifies as one of his top mid-cap picks.
03/20/17
PIPR
03/20/17
NO CHANGE
Target $29
PIPR
Overweight
Nektar price target raised to $29 after opioid trial success at Piper Jaffray
Piper Jaffray analyst Joshua Schimmer said he thought prospects of success for NKTR-181 were very low after a failed Phase 2 study but he was "happy to be proven wrong" after the SUMMIT trial succeeded. A human abuse liability study will read-out around mid-2017, after which the company will meet with the FDA to discuss whether the package for NKTR-181 is adequate for filing, Schimmer noted. He raised his price target on Nektar shares to $29 from $25 and keeps an Overweight rating on the stock, which he calls his "top mid-cap biotech stocks for other reasons," such as its multiple royalty streams from partnered products and its emerging immuno-oncology platform.

TODAY'S FREE FLY STORIES

CXP

Columbia Property

$21.68

-0.27 (-1.23%)

20:50
03/27/17
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Columbia Property rating change  »

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SPG

Simon Property

$166.15

-1.8 (-1.07%)

20:45
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Conference/Events
Simon Property management to meet with Canaccord »

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HALO

Halozyme

$14.27

0.74 (5.47%)

20:41
03/27/17
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20:41
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Conference/Events
Halozyme management to meet with Canaccord »

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AYR

Aircastle

$23.44

0.03 (0.13%)

20:38
03/27/17
03/27
20:38
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Conference/Events
Aircastle management to meet with Canaccord »

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NEE

NextEra Energy

$131.10

-1.7 (-1.28%)

20:30
03/27/17
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20:30
Conference/Events
NextEra Energy management to meet with Guggenheim »

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M

Macy's

$27.93

-0.24 (-0.85%)

20:26
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Conference/Events
Macy's management to meet with Guggenheim »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

, HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

20:25
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Conference/Events
Heritage Oaks to host special shareholder meeting »

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PPBI

Pacific Premier

$36.35

-0.05 (-0.14%)

HEOP

Heritage Oaks

$12.62

0.02 (0.16%)

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CCL

Carnival

$58.87

0.27 (0.46%)

, MKC

McCormick

$101.36

0.35 (0.35%)

20:25
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Earnings
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CCL

Carnival

$58.87

0.27 (0.46%)

MKC

McCormick

$101.36

0.35 (0.35%)

DRI

Darden

$75.58

-1.13 (-1.47%)

FDS

FactSet

$174.55

-2.18 (-1.23%)

03/08/13
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SYY

Sysco

$52.04

-0.77 (-1.46%)

20:17
03/27/17
03/27
20:17
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20:17
Conference/Events
Sysco management to meet with Guggenheim »

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MNK

Mallinckrodt

$44.33

1.24 (2.88%)

20:13
03/27/17
03/27
20:13
03/27/17
20:13
Conference/Events
Mallinckrodt management to meet with Guggenheim »

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OGE

OGE Energy

$35.41

-0.28 (-0.78%)

20:10
03/27/17
03/27
20:10
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20:10
Conference/Events
OGE Energy management to meet with Guggenheim »

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CMCSA

Comcast

$37.11

-0.27 (-0.72%)

, CMCSK

Comcast

20:03
03/27/17
03/27
20:03
03/27/17
20:03
Periodicals
Comcast to expand streaming video service, Reuters says »

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CMCSA

Comcast

$37.11

-0.27 (-0.72%)

CMCSK

Comcast

03/08/13
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MAR

Marriott

$93.17

-0.33 (-0.35%)

20:02
03/27/17
03/27
20:02
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20:02
Conference/Events
Marriott management to meet with JPMorgan »

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  • 31

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FBR

Fibria Celulose

$8.67

-0.22 (-2.47%)

19:58
03/27/17
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Conference/Events
Fibria Celulose management to meet with JPMorgan »

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  • 31

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DXC

DXC Technology

, HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

19:51
03/27/17
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Initiation
DXC Technology, HP Enterprise, CSC initiated at Goldman »

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DXC

DXC Technology

HPE

HP Enterprise

$22.72

-0.05 (-0.22%)

CSC

CSC

$68.05

0.35 (0.52%)

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TRI

Thomson Reuters

$43.56

-0.19 (-0.43%)

19:51
03/27/17
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19:51
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Conference/Events
Thomson Reuters management to meet with JPMorgan »

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FIS

FIS

$80.41

0.29 (0.36%)

19:48
03/27/17
03/27
19:48
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19:48
Downgrade
FIS rating change at Goldman »

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COUP

Coupa Software

$24.00

0.12 (0.50%)

19:48
03/27/17
03/27
19:48
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Conference/Events
Coupa Software management to meet with JPMorgan »

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ALK

Alaska Air

$95.00

0.3 (0.32%)

19:44
03/27/17
03/27
19:44
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Conference/Events
Alaska Air management to meet with JPMorgan »

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TIVO

TiVo

19:40
03/27/17
03/27
19:40
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Conference/Events
TiVo management to meet with JPMorgan »

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TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

, SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

19:40
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TSN

Tyson Foods

$61.84

-0.73 (-1.17%)

SAFM

Sanderson Farms

$102.76

2.41 (2.40%)

PPC

Pilgrim's Pride

$22.31

0.05 (0.22%)

03/08/13
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KR

Kroger

$28.93

-0.17 (-0.58%)

19:37
03/27/17
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Conference/Events
Kroger management to meet with JPMorgan »

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VALE

Vale

$9.34

0.04 (0.43%)

19:30
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Vale says Fabio Schvartsman appointed as CEO »

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NSM

Nationstar

$15.05

0.1 (0.67%)

19:21
03/27/17
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Initiation
Nationstar initiated at Wedbush »

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LNVGY

Lenovo

$12.57

-0.03 (-0.24%)

19:14
03/27/17
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Periodicals
Lenovo, Fujitsu postpone PC tie-up, Nikkei says »

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  • 02

    May

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