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DEPO

Depomed

$23.83

-0.26 (-1.08%)

16:02
10/17/16
10/17
16:02
10/17/16
16:02

Depomed adds three Starboard directors to board

Depomed announced that it has entered into a settlement agreement with its second largest shareholder, Starboard Value, regarding the composition of the Depomed board. Starboard has agreed to withdraw its proxy solicitation and special shareholder meeting request, thereby cancelling the previously scheduled November 15 special shareholder meeting. Under the terms of the agreement, three independent directors appointed by Starboard, James Fogarty, Robert Savage and James Tyree, will join the six current directors on Depomed's board.

  • 29

    Nov

DEPO Depomed
$23.83

-0.26 (-1.08%)

07/07/16
07/07/16
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. AT&T (T) downgraded to Neutral from Buy at Citi with analyst Michael Rollins citing valuation. 2. First Solar (FSLR) downgraded to Hold from Buy at Deutsche Bank with analyst Vishal Shah saying he sees downside risk to the company's 2017 earnings. 3. Depomed (DEPO) downgraded to Neutral from Buy at UBS with analyst Ami Fadia saying the company's sales guidance is at risk. 4. Red Hat (RHT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Keith Weiss saying mid-teens billings growth with flat to down margins limits upside to free-cash-flow projections and said valuation is fair to his $80 price target. 5. Bank of America (BAC) and Wells Fargo (WFC) downgraded to Market Perform from Outperform at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/27/16
PIPR
07/27/16
DOWNGRADE
Target $18
PIPR
Neutral
Depomed downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst David Amsellem downgraded Depomed to Neutral citing "weak" prescription volume trends for secondary top-line drivers, particularly Gralise and Zipsor. Further, Nucynta trends continue to point to peak sales closer to $500M, below management's target of around $1B, the analyst contends. Amsellem lowered his price target for Depomed to $18 from $21.
09/16/16
NORL
09/16/16
NO CHANGE
Target $30
NORL
Depomed price target raised to $30 to reflect takeover value at Northland
Northland raised Depomed's price target to $30 from $25 to reflect the reported $32 per share takeover value discounted by 6%. The firm's analyst said a company sale mandate could take place following issuance of a decision in Nucynta family patent litigation with a Federal District Court judge set to rule by end of September.
10/04/16
MZHO
10/04/16
DOWNGRADE
MZHO
Neutral
Depomed downgraded to Neutral from Buy at Mizuho
Mizuho analyst Irina Koffler downgraded Depomed with a Buy due to valuation with a $27 price target on shares.

TODAY'S FREE FLY STORIES

BAMXY

BMW Group

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Treasury Action: short yields continued to back higher »

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BAMXY

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HAWK

Blackhawk

$36.50

-0.5 (-1.35%)

12:23
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Downgrade
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SHOO

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-0.1 (-0.21%)

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TER

Teradyne

$45.45

0.8494 (1.90%)

12:20
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Notable call buying in Teradyne ahead of earnings »

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  • 25

    Jan

MRK

Merck

$62.74

4.081 (6.96%)

, GE

General Electric

$18.09

-0.67 (-3.57%)

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MRK

Merck

$62.74

4.081 (6.96%)

GE

General Electric

$18.09

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UNH

UnitedHealth

$234.15

5.51 (2.41%)

QCOM

Qualcomm

$65.38

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AVGO

Broadcom

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NXPI

NXP Semiconductors

$119.58

0.33 (0.28%)

GM

General Motors

$45.03

0.955 (2.17%)

UA

Under Armour; also tag UAA

$13.12

-1.025 (-7.25%)

UAA

Under Armour; also tag UA

$14.21

-0.915 (-6.05%)

SCOR

comScore

$29.10

0.305 (1.06%)

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  • 16

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    Jan

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    Jan

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    Jan

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    Jan

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    Feb

  • 06

    Feb

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    Feb

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    Mar

  • 25

    Mar

  • 03

    Apr

  • 23

    Apr

  • 23

    Oct

$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

12:16
01/16/18
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Technical Analysis
NYSE market internals summary »

Volume is above average…

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NOV

National Oilwell

$38.90

-0.24 (-0.61%)

12:15
01/16/18
01/16
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Options
National Oilwell put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 06

    Feb

DPW

DPW Holdings

$2.41

-0.325 (-11.90%)

12:12
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01/16
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DPW Holdings falls almost 12% after announcing conversion of notes »

Sandstone Diagnostics…

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SBOW

SilverBow Resources

$31.88

-0.9386 (-2.86%)

12:10
01/16/18
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Conference/Events
SilverBow Resources management to meet with Stephens »

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TCEHY

Tencent

$56.92

1.565 (2.83%)

12:07
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LEGO Group, Tencent form partnership in China »

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AXP

American Express

$101.32

0.35 (0.35%)

12:06
01/16/18
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Hot Stocks
American Express reports December net write-off rate 2.0% vs. 1.9% last month »

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  • 18

    Jan

BX

Blackstone

$35.81

0.42 (1.19%)

12:05
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Options
Blackstone call volume above normal and directionally bullish »

Bullish option flow…

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  • 01

    Feb

ICBK

County Bancorp

$30.16

0.38 (1.28%)

, MTW

Manitowoc

$40.09

0.73 (1.85%)

12:04
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ICB to purchase Manitowoc Company headquarters »

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County Bancorp

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MTW

Manitowoc

$40.09

0.73 (1.85%)

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RHHBY

Roche

$31.78

0.405 (1.29%)

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  • 01

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NSRGY

Nestle

$85.10

0.58 (0.69%)

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HES

Hess Corp.

$54.16

-0.38 (-0.70%)

12:00
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Hess to cut hundreds of jobs as it battles activist shareholder, Reuters says »

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  • 05

    Feb

CECE

CECO Environmental

$5.22

-0.07 (-1.32%)

12:00
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CECO Environmental reports award of 'large contract' to energy business »

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  • 16

    Jan

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    Jan

INFO

IHS Markit

$47.85

0.39 (0.82%)

11:55
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Conference/Events
IHS Markit management to meet with RBC Capital »

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  • 16

    Jan

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    Jan

GSK

GlaxoSmithKline

$37.74

0.24 (0.64%)

11:54
01/16/18
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GlaxoSmithKline rating change  »

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  • 07

    Feb

  • 25

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GSK

GlaxoSmithKline

$37.76

0.2646 (0.71%)

11:51
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  • 07

    Feb

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    Mar

SPY

SPDR S&P 500 ETF Trust

$278.99

1.07 (0.39%)

, SPX

S&P 500

11:50
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Steve Bannon subpoenaed before grand jury by Mueller, NY Time says »

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SPY

SPDR S&P 500 ETF Trust

$278.99

1.07 (0.39%)

SPX

S&P 500

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PBR

Petrobras

$11.67

0.1978 (1.72%)

11:50
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Large spreads in Petrobras as shares reach 52-week highs »

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