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MD

MEDNAX

$70.10

-0.45 (-0.64%)

06:46
03/21/17
03/21
06:46
03/21/17
06:46

MEDNAX downgraded to Neutral from Outperform at Baird

MD MEDNAX
$70.10

-0.45 (-0.64%)

03/10/17
03/10/17
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. Dollar General (DG) downgraded to Neutral from Buy at Buckingham with the firm's analyst saying the environment has become more difficult since the bullish analyst day last spring. The firm's analyst said shares do not appear to fully factor in sales and margin challenges and sees risk to Street expectations. 2. MEDNAX (MD) downgraded to Neutral from Overweight at JPMorgan with analyst Gary Taylor citing valuation following the recent rally in the shares. The analyst says he can't with confidence bump up his $69 price target given the multi-year slowdown of organic growth and its high Medicaid payor exposure. 3. Loxo Oncology (LOXO) downgraded to Neutral from Buy at Citi with analyst Yigal Nochomovitz saying the stock is now fairly valued. The reflect the equity financing in January which expanded the share count and rising R&D spend, the analyst cut his price target for the shares to $45 from $49. He believes, however, that Loxo management is executing the business plan well. 4. Kimberly-Clark (KMB) downgraded to Hold on competition, valuation at Societe Generale with analyst Iain Simpson saying price competition in the U.S. has picked up as P&G is becoming more aggressive with its mid-tier Luvs and competition in Brazil and China remains "tough." The analyst expects cost cutting to drive margins and views cash returns as "robust," but said valuation has caught up with fundamentals. 5. Ionis Pharmaceuticals (IONS) downgraded to Sell from Neutral at Goldman with analyst Salveen Richter saying Ionis has a "lackluster" track record of developing successful drugs and ongoing toxicity across multiple drugs. If volanesorsen is approved for FCS, Richter expects safety/compliance issues and the launch focus on specialists will result in limited returns, similar to drug Kynamro for high cholesterol. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/10/17
JPMS
03/10/17
DOWNGRADE
Target $69
JPMS
Neutral
MEDNAX downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Gary Taylor downgraded MEDNAX to Neutral citing valuation following the recent rally in the shares. The analyst says he can't with confidence bump up his $69 price target given the multi-year slowdown of organic growth and its high Medicaid payor exposure.
12/13/16
JEFF
12/13/16
DOWNGRADE
Target $70
JEFF
Hold
MEDNAX downgraded to Hold from Buy at Jefferies
Jefferies analyst Brian Tanquilut downgraded MEDNAX to Hold saying upside to Q4 and 2017 consensus estimates is unlikely amid slower than expected merger activity. The analyst lowered his price target for the shares to $70 from $75.
12/09/16
GSCO
12/09/16
INITIATION
Target $66
GSCO
Neutral
MEDNAX initiated with a Neutral at Goldman
Goldman analyst Tejus Ujjani initiated MEDNAX with a Neutral and a $66 price target citing premium valuation.

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