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IBM

IBM

$159.50

-2.72 (-1.68%)

, PFE

Pfizer

$31.74

-0.4 (-1.24%)

12:52
12/01/16
12/01
12:52
12/01/16
12:52

IBM, Pfizer announce collaboration on immuno-oncology research

IBM (IBM) Watson Health and Pfizer (PFE) announced a collaboration that will utilize IBM Watson for Drug Discovery to help accelerate Pfizer's research in immuno-oncology, an approach to cancer treatment that uses the body's immune system to help fight cancer. Mikael Dolsten, President, Pfizer Worldwide Research & Development, said, "With the incredible volume of data and literature available in this complex field, we believe that tapping into advanced technologies can help our scientific experts more rapidly identify novel combinations of immune-modulating agents. We are hopeful that by leveraging Watson's cognitive capabilities in our drug discovery efforts, we will be able to bring promising new immuno-oncology therapeutics to patients more quickly."

IBM

IBM

$159.50

-2.72 (-1.68%)

PFE

Pfizer

$31.74

-0.4 (-1.24%)

  • 01

    Dec

  • 04

    Dec

IBM IBM
$159.50

-2.72 (-1.68%)

11/10/16
BOFA
11/10/16
UPGRADE
BOFA
Buy
IBM upgraded to Buy from Neutral at BofA/Merrill
11/10/16
11/10/16
UPGRADE
Target $185

Buy
IBM upgraded to Buy on earnings growth at BofA/Merrill
As previously reported, BofA/Merrill upgraded IBM to Buy from Neutral and raised its price target to $185 from $170. Analyst Wamsi Mohan expects 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. Further, the analyst expects IBM transnational revenues to recovery driven by the mainframe cycle in 2017 and the adoption of a Hybrid cloud model. Mohan said IBM is the most under owned tech named by large-cap US fund managers and provides upside from accumulation.
11/10/16
11/10/16
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. Priceline (PCLN) upgraded to Buy from Hold at Stifel while the firm upgraded Expedia (EXPE) to Hold from Sell. 2. IBM (IBM) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan expecting 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. 3. L-3 Communications (LLL) and Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Barclays while the firm upgraded Lockheed Martin (LMT) to Equal Weight from Underweight. 4. Microsoft (MSFT) upgraded to Neutral from Underweight at Atlantic Equities. 5. Novartis (NVS) upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/01/16
JEFF
12/01/16
NO CHANGE
Target $125
JEFF
Underperform
IBM likely decline in earnings not reflected in stock, says Jefferies
Jefferies analyst James Kisner said his analysis suggests that IBM's software service/support revenue may have declined 4% in calendar 2015 and could also be falling organically this year, which he calls "particularly troubling" in light of steep declines in transactional sales. Continuing annual declines of roughly 3% in the Software business could drive a 5-6% headwind to EPS annually through 2020, Kisner tells investor. The analyst cut his EPS estimates for IBM based on reduced expectations for the Software business and expectations for 2017 IP Income to be below consensus. Kisner reiterates his Underperform rating and $125 price target on IBM shares.
PFE Pfizer
$31.74

-0.4 (-1.24%)

11/02/16
ARGS
11/02/16
DOWNGRADE
ARGS
Hold
Pfizer downgradedon weaker outlook at Argus
As noted earlier, Argus downgraded Pfizer to Hold from Buy. Analyst Jacob Kilstein cited "recent pipeline setbacks, prospects for increased competition, and management's decision to shelve its business separation plan" as reasons for the downgrade.
11/02/16
11/02/16
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. Pfizer (PFE) downgraded to Hold from Buy at Argus and to Market Perform from Outperform at BMO Capital. 2. BP (BP) downgraded to Hold from Buy at Societe Generale. 3. Corning (GLW) downgraded to Buy from Conviction Buy at Goldman with analyst Doug Clark saying the restocking phase of glass/TV cyclical recovery is now "well understood and largely behind us." 4. Adeptus Health (ADPT) downgraded to Underperform from Buy at BofA/Merrill, to Hold from Buy at Jefferies, and to Equal Weight from Overweight at Stephens. 5. Brookdale Senior Living (BKD) downgraded to Underperform from Neutral at BofA/Merrill, to Market Perform from Outperform at Wells Fargo, and to Outperform from Top Pick at RBC Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/29/16
LEHM
11/29/16
UPGRADE
Target $38
LEHM
Overweight
Pfizer upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Geoff Meacham upgraded Pfizer to Overweight and raised its price target to $38 from $37. Meacham sees a greater likelihood that Pfizer will be able to access its cash overseas under the new administration, which could be used to acquire growth assets and return capital to shareholders.
11/29/16
11/29/16
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. Pfizer (PFE) upgraded to Overweight from Equal Weight at Barclays with analyst Geoff Meacham saying he sees a greater likelihood that Pfizer will be able to access its cash overseas under the new administration, which could be used to acquire growth assets and return capital to shareholders. 2. Comerica (CMA) upgraded to Outperform from Market Perform at Keefe Bruyette. 3. Tractor Supply (TSCO) upgraded to Buy from Neutral at Northcoast with analyst Chuck Cerankosky saying he expects the company to benefit from colder weather and the improving US economy and said product assortments and promotions have also been adjusted to the new economics of the energy patch and its impact on this company's customers. 4. Del Frisco's (DFRG) upgraded to Outperform from Neutral at Credit Suisse with analyst Jason West saying it is a key beneficiary of improved high-end consumer and corporate spending. 5. Veracyte upgraded to Buy from Neutral at Janney Capital with analyst Paul Knight saying the company's "disciplined test development, commercialization, and reimbursement processes" insulate it from a number of problems plaguing the pharma sector. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SPX

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House Freedom Caucus to support bill preventing government shutdown, AP says 

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BK

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BNY Mellon to boost wages for 1,000 workers after tax reform, WSJ says »

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TRNC

tronc

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18:28
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tronc to investigate LA Times' CEO Ross Levinsohn, Financial Times reports »

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IBM

IBM

$169.12

0.47 (0.28%)

18:19
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Hot Stocks
IBM's Schroeter says mainframe isn't going away »

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ATR

AptarGroup

$87.24

0.4 (0.46%)

18:16
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18:16
Hot Stocks
AptarGroup chairman King Harris to retire in May »

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FULT

Fulton Financial

$18.30

-0.25 (-1.35%)

18:12
01/18/18
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Hot Stocks
Fulton Financial to raise its minimum wage to $12 per hour »

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SNAP

Snap

$14.01

0.49 (3.62%)

18:03
01/18/18
01/18
18:03
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18:03
Periodicals
Snap fires roughly two dozen employees, Cheddar reports »

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PAVM

PAVmed

$2.54

-0.02 (-0.78%)

17:57
01/18/18
01/18
17:57
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17:57
Syndicate
PAVmed files to sell common stock, no amount given »

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PODD

Insulet

$72.89

-0.02 (-0.03%)

, DXCM

Dexcom

$56.28

-0.04 (-0.07%)

17:51
01/18/18
01/18
17:51
01/18/18
17:51
Recommendations
Insulet, Dexcom, TNDM, Medtronic analyst commentary  »

Insulet is a favored…

PODD

Insulet

$72.89

-0.02 (-0.03%)

DXCM

Dexcom

$56.28

-0.04 (-0.07%)

TNDM

TNDM

MDT

Medtronic

$87.26

1.15 (1.34%)

03/08/13
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  • 26

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17:50
01/18/18
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17:50
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17:50
General news
Breaking General news story  »

Cleveland Federal Reserve…

IBM

IBM

$169.12

0.47 (0.28%)

17:39
01/18/18
01/18
17:39
01/18/18
17:39
Earnings
Breaking Earnings news story on IBM »

IBM sees FY18 adjusted…

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  • 18

    Jan

TTD

Trade Desk

$48.36

-1.12 (-2.26%)

17:38
01/18/18
01/18
17:38
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17:38
Initiation
Trade Desk initiated  »

Trade Desk initiated with…

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TWTR

Twitter

$24.04

-0.52 (-2.12%)

, FB

Facebook

$179.80

2.2 (1.24%)

17:37
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17:37
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17:37
Hot Stocks
Snap user metrics being put into question by Mashable, Muddy Waters »

After the close, Mashable…

TWTR

Twitter

$24.04

-0.52 (-2.12%)

FB

Facebook

$179.80

2.2 (1.24%)

SNAP

Snap

$14.01

0.49 (3.62%)

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TWTR

Twitter

$24.04

-0.52 (-2.12%)

17:37
01/18/18
01/18
17:37
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17:37
Recommendations
Twitter analyst commentary  »

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IBM

IBM

$169.12

0.47 (0.28%)

17:36
01/18/18
01/18
17:36
01/18/18
17:36
Hot Stocks
Breaking Hot Stocks news story on IBM »

IBM sees FY18 free cash…

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  • 18

    Jan

IBM

IBM

$169.12

0.47 (0.28%)

17:36
01/18/18
01/18
17:36
01/18/18
17:36
Earnings
IBM sees Q1 EPS 17%-18% of $13.80 FY expectation, consensus $2.28 »

Says has momentum in…

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  • 18

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ZG

Zillow

$43.86

-0.49 (-1.10%)

, Z

Zillow

$43.97

-0.57 (-1.28%)

17:33
01/18/18
01/18
17:33
01/18/18
17:33
Downgrade
Zillow, Zillow rating change  »

Zillow resumed with a…

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Zillow

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-0.49 (-1.10%)

Z

Zillow

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  • 26

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AXP

American Express

$99.86

-0.9 (-0.89%)

, HLT

Hilton

$83.95

-0.08 (-0.10%)

17:30
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Hot Stocks
American Express 'excited' about co-brand partnership with Hilton and Marriott »

Says delinquencies will…

AXP

American Express

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HLT

Hilton

$83.95

-0.08 (-0.10%)

MAR

Marriott

$141.13

-0.87 (-0.61%)

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APRN

Blue Apron

$3.20

0.04 (1.27%)

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01/18/18
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Breaking Hot Stocks news story on Blue Apron »

Armistice Capital reports…

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  • 13

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IBM

IBM

$169.16

0.68 (0.40%)

17:29
01/18/18
01/18
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Hot Stocks
IBM says SaaS margins continue to expand, but not at scale »

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  • 18

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MLNX

Mellanox

$65.10

0.8 (1.24%)

, PBCT

People's United

$19.43

-0.02 (-0.10%)

17:24
01/18/18
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

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Mellanox

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PBCT

People's United

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GWGH

GWG Holdings

$8.10

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CRBP

Corbus Pharmaceuticals

$7.95

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IBM

IBM

$169.12

0.47 (0.28%)

AXP

American Express

$99.86

-0.9 (-0.89%)

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  • 18

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AXP

American Express

$99.86

-0.9 (-0.89%)

17:24
01/18/18
01/18
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Hot Stocks
American Express says capital ratios are now below levels forecast in 2017 CCAR »

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  • 18

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SFNC

Simmons First National

$58.25

-0.55 (-0.94%)

17:20
01/18/18
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Hot Stocks
Simmons First National announces two-for-one stock split »

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  • 23

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FNB

F.N.B.

$14.15

-0.15 (-1.05%)

17:19
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Hot Stocks
F.N.B. raising minimum hourly wage to $15 by end of 2019 »

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  • 23

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FORD

Forward Industries

$1.24

-0.01 (-0.80%)

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Hot Stocks
Forward Industries to acquire Intelligent Product Solutions »

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