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RVP

Retractable Technologies

$0.76

-0.55 (-41.98%)

, BDX

Becton Dickinson

$198.28

-1.03 (-0.52%)

15:34
08/18/17
08/18
15:34
08/18/17
15:34

Court dismisses Retractable Technologies' suit against Becton Dickinson

Retractable Technologies (RVP) reports that on August 17, Judge Amos L. Mazzant of the United States District Court for the Eastern District of Texas issued the Court's Final Judgment regarding RTI's suit against Becton, Dickinson and Co. (BDX). The Judgment orders that RTI take nothing in its suit against BD and dismisses the case. The Court was asked to address whether RTI is entitled to an award of BD's profits as an equitable remedy under the Lanham Act. The Court acknowledged in its Findings of Fact and Conclusions of Law, also filed on August 17, that BD violated the Lanham Act, but stated that the "previously ordered injunctive relief adequately achieves equity between the parties." The injunctive relief referenced by the Court relates to an earlier court order requiring BD to notify certain persons that its needle sharpness and waste space comparison claims were falsely advertised. RTI is considering its options, which include a motion for a new trial or to amend the judgment and appeal to the Fifth Circuit Court of Appeals. Alternatively, RTI could take no action, which would end the litigation by RTI against BD stemming from a complaint filed in 2007.

RVP

Retractable Technologies

$0.76

-0.55 (-41.98%)

BDX

Becton Dickinson

$198.28

-1.03 (-0.52%)

  • 21

    Aug

  • 08

    Sep

RVP Retractable Technologies
$0.76

-0.55 (-41.98%)

BDX Becton Dickinson
$198.28

-1.03 (-0.52%)

06/30/17
06/30/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Cabot Oil & Gas (COG) upgraded to Buy from Neutral at BofA/Merrill with analyst Doug Leggate saying Cabot 's gross Marcellus takeaway capacity will increase to 3.7 bcf/d from 2bcf/d by end of 2018 and positioned to increase free cash flow to $2B from $872M per year for 25 years. 2. Becton Dickinson (BDX) upgraded to Strong Buy from Outperform at Raymond James with analyst Lawrence Keusch saying he believes it should be a core holding based an an above average outlook for 5%-6% organic growth and mid-teens earnings increases with further potential upside. 3. Walgreens Boots Alliance (WBA) upgraded to Buy from Hold at Needham. 4. ManTech (MANT) upgraded to Buy from Hold at Loop Capital with analyst Joseph Vafi saying he sees "company-specific and secular catalysts" driving improving fundamentals and upward revisions to consensus estimates. 5. D.R. Horton (DHI) upgraded to Outperform from Market Perform at Raymond James with the firm saying it is uniquely positioned to capitalize on an unexpectedly tight and historically low existing home inventories, while new home demand remains broadly resilient despite rising prices. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/30/17
RAJA
06/30/17
UPGRADE
Target $226
RAJA
Strong Buy
Becton Dickinson upgraded to Strong Buy from Outperform at Raymond James
Raymond James analyst Lawrence Keusch upgraded Becton Dickinson to Strong Buy from Outperform and increased its price target to $226 from $210 and believes it should be a core holding based an an above average outlook for 5-6% organic growth and mid-teens earnings increases with further potential upside. The analyst views the C.R. Bard acquisition as a sold strategic fit with an accelerating growth profile given its deep R&D pipeline and sizeable addressable market opportunities. Post close, he sees strong free cash flow generation of $10B from 2018-2020, allowing the company to rapidly deleverage to 3x in 2020 from 4.7x.
05/23/17
MSCO
05/23/17
NO CHANGE
MSCO
Medtech Technology sector upgraded to Attractive from In-Line at Morgan Stanley
Morgan Stanley upgraded the Medtech Technology sector to Attractive saying structural fundamentals have improved and recent acceleration will likely continue, driving further multiple expansion.
04/25/17
LEER
04/25/17
NO CHANGE
Target $317
LEER
Market Perform
C.R. Bard price target raised to $317 from $246 at Leerink
Leerink analyst Richard Newitter raised his price target for C.R. Bard (BCR) to $317 from $246 following the announced acquisition price from Becton Dickinson (BDX). The analyst reiterates a Market Perform rating as he believes the deal price fully values C.R. Bard and sees limited risk of a competitive bid or barriers from the FTC.

TODAY'S FREE FLY STORIES

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PCRX

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-0.6 (-1.65%)

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AVEVF

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ZLAB

Zai Lab

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  • 20

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

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  • 20

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F

Ford

$11.72

0.09 (0.77%)

18:30
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Periodicals
Ford to slash production at five North American assembly plants, Reuters says »

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FDX

FedEx

$216.00

0.92 (0.43%)

18:26
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FedEx says without cyberattack FY18 guidance would not have changed »

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EE

El Paso Electric

$54.85

0.05 (0.09%)

18:25
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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

18:17
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Bed Bath & Beyond says biggest component in drop of FY17 EPS view is operations »

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  • 19

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CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
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  • 20

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STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

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Treasury exits stake in Xenith Bankshares »

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
09/19/17
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Periodicals
Breaking Periodicals news story on Bristol-Myers »

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  • 24

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BBBY

Bed Bath & Beyond

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Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

DESP

Despegar.com

17:52
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Despegar.com 12.7M share IPO priced at $26.00 »

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  • 20

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WAC

Walter Investment

$0.65

0.186 (40.09%)

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CBAY

CymaBay

17:49
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Initiation
CymaBay initiated at Cantor »

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BBBY

Bed Bath & Beyond

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  • 19

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
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Initiation
Evolent Health initiated at KeyBanc »

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  • 25

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BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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RL

Ralph Lauren

$91.03

0.87 (0.96%)

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Initiation
Ralph Lauren initiated at Barclays »

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  • 03

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
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  • 19

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GEMP

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, ORIG

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BBBY

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FDX

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$216.00

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ADBE

Adobe

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  • 19

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