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MYL

Mylan

$35.94

-0.9 (-2.44%)

08:56
10/10/16
10/10
08:56
10/10/16
08:56

Mylan gaps up sharply in pre-market after reaching deal with DOJ

The shares are up over 12% to $40.29 at time of writing. At that price next resistance is at $41.37. Support is at $39.20.

  • 09

    Nov

  • 28

    Mar

MYL Mylan
$35.94

-0.9 (-2.44%)

10/10/16
UBSW
10/10/16
NO CHANGE
Target $60
UBSW
Buy
UBS remains constructive on Mylan despite governance controversy
UBS analyst Marc Goodman said he remains constructive on Mylan despite the controversy surrounding its corporate governance. Goodman cited the company's ability to execute, its surprise announcement of a EpiPen Medicaid lawsuit settlement and its updated guidance, which was better than feared. Goodman reiterated his Buy rating and lowered his price target to $60 from $66 on Mylan shares.
10/10/16
RAJA
10/10/16
UPGRADE
Target $57
RAJA
Strong Buy
Mylan upgraded to Strong Buy on EpiPen settlement at Raymond James
As previously reported, Raymond James upgraded Mylan two notches to Strong Buy from Market Perform and established a $57 price target. Analyst Elliot WIlbur said the Department of Justice settlement over EpiPen rebates eliminates a significant overhang on shares enabling the focus to be back on fundamentals. With depressed absolute and relative valuation levels, Wilber sees favorable risk/reward scenarios even in a more tempered earnings growth environment.
10/10/16
JPMS
10/10/16
NO CHANGE
Target $52
JPMS
Overweight
Mylan settlement, updated guidance a positive, says JPMorgan
JPMorgan analyst Chris Schott views Mylan's $465M settlement with the Department of Justice relating to the potential misclassification of Epipen in the Medicaid Drug Rebate Program as well as its updated 2016 guidance as a positive. The news "removes litigation overhang at a reasonable cost and highlights the diversification of the base business and inexpensive valuation," Schott tells investors in a research note. He keeps an Overweight rating on Mylan with a $52 price target.
10/10/16
WELS
10/10/16
NO CHANGE
WELS
Mylan settlement does not end EpiPen issue, says Wells Fargo
In a research note titled "Forget After Hrs. Quarterbacking - It is Not Back to Normal," Wells Fargo analyst David Maris says Mylan questions still remain after the company's lowered 2016 outlook and $465M Department of Justice settlement. One of Mylan's earnings levers, EpiPen pricing, is now off the table going forward, Maris tells investors in a research note. The analyst disagrees with investors that think the settlement puts the EpiPen pricing issue largely behind the company. The deal with the DOJ addresses only the Centers for Medicare and Medicaid Services portion of the issue, it does nothing to answer the original issue of EpiPen pricing and consumers, Maris contends. He points out that Mylan also disclosed in Friday's regulatory filing, but not in its press release, an SEC investigation by the Division of Enforcement. Maris says he's "not too excited" and doesn't gauge how good the news is by the after-hours share rally of 10%. He believes Mylan is "not back to normal" and keeps a Market Perform rating on the stock with a $43-$45 price target range. The shares are up 12% in pre-market trading to $40.35. Raymond James this morning upgraded Mylan to Strong Buy.

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ARNA

Arena Pharmaceuticals

$34.36

0.48 (1.42%)

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ROSE

Rosehill Resources

$7.96

0.01 (0.13%)

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HES

Hess Corp.

$54.02

0.48 (0.90%)

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  • 05

    Feb

OXY

Occidental Petroleum

$75.86

0.59 (0.78%)

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  • 14

    Feb

JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

19:53
01/17/18
01/17
19:53
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19:53
Downgrade
Juno Therapeutics rating change at Citi »

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WP

Worldpay

$77.89

-0.37 (-0.47%)

19:52
01/17/18
01/17
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19:52
Upgrade
Worldpay rating change at BMO Capital »

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FRAC

Keane Group

$18.51

0.63 (3.52%)

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  • 18

    Jan

INTC

Intel

$44.39

1.25 (2.90%)

19:24
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    Jan

TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

19:11
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Toshiba's Westinghouse to forgo bankruptcy, Reuters reports »

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TOSBF

Toshiba, also use TOSYY

TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

BAM

Brookfield

$43.10

0.42 (0.98%)

03/08/13
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RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

, RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

19:02
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Shell, BP each agree to purchase Libyan oil, Bloomberg reports »

Royal Dutch Shell (RDS.A)…

RDS.A

Royal Dutch Shell

$70.20

0.22 (0.31%)

RDS.B

Royal Dutch Shell

$72.34

0.35 (0.49%)

BP

BP

$42.88

0.42 (0.99%)

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  • 18

    Jan

AAPL

Apple

$179.10

2.91 (1.65%)

18:31
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Trump says Apple investments 'huge win for American workers' »

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  • 01

    Feb

MPVD

Mountain Province Diamonds

$2.83

0.075 (2.73%)

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Mountain Province Diamonds provides update on Gahcho Kue Mine exploration »

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WAC

Walter Investment

$0.76

0.0347 (4.81%)

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

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TM

Toyota

$140.72

2.75 (1.99%)

KBSTY

Kobe Steel

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CBOE

Cboe Global Markets

$131.52

0.73 (0.56%)

, BTC

Bitcoin

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Cboe Global Markets

$131.52

0.73 (0.56%)

BTC

Bitcoin

BITCOIN

Bitcoin

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  • 09

    Feb

GWRE

Guidewire

$75.64

0.19 (0.25%)

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AAPL

Apple

$179.10

2.91 (1.65%)

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  • 01

    Feb

OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

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SN

Sanchez Energy

$5.81

0.16 (2.83%)

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  • 15

    May

NTDOY

Nintendo

$51.53

1.55 (3.10%)

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  • 17

    Jan

PTC

PTC

$66.70

1.41 (2.16%)

, ESIO

Electro Scientific

$22.01

1.91 (9.50%)

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$66.70

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ESIO

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$22.01

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PLXS

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AA

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$56.99

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SLM

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$11.49

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ARWR

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$5.72

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PRTK

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$31.30

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$19.13

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AGIO

Agios Pharmaceuticals

$70.33

1.53 (2.22%)

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  • 19

    Jan

BTU

Peabody Energy

$40.00

0.42 (1.06%)

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  • 07

    Feb

MLNX

Mellanox

$64.30

-0.45 (-0.69%)

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  • 18

    Jan

APHB

AmpliPhi

$1.12

0.03 (2.75%)

17:11
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Syndicate
AmpliPhi requests withdrawal of registration statement »

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