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INCY

Incyte

$123.11

-1.43 (-1.15%)

12:46
04/21/17
04/21
12:46
04/21/17
12:46

Incyte call volume above normal and directionally bullish

Bullish option flow detected in Incyte with 1,036 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 45.76%. Jan-19 175 calls and Jun-17 100 calls are the most active options, with total volume in those strikes near 580 contracts. The Put/Call Ratio is 0.48. Earnings are expected on May 4th.

  • 04

    May

INCY Incyte
$123.11

-1.43 (-1.15%)

04/19/17
FBCO
04/19/17
NO CHANGE
Target $167
FBCO
Outperform
Incyte price target lowered to $167 from $174 at Credit Suisse
Credit Suisse analyst Alethia Young lowered her price target for Incyte to $167 from $174 on Baricitinib's surprise CRL. The analyst moved baricitinib's U.S. launch to 2019 and lowered the probability of success on U.S. revenues to 80%. Young reiterates an Outperform rating on the shares.
04/18/17
FBCO
04/18/17
INITIATION
Target $174
FBCO
Outperform
Incyte assumed with an Outperform at Credit Suisse
Target $174.
04/17/17
04/17/17
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. Eli Lilly (LLY) was downgraded to Equal Weight from Overweight at Morgan Stanley and to Underperform from Market Perform at BMO Capital. 2. Incyte (INCY) downgraded to Neutral from Overweight at Piper Jaffray with analyst Joshua Schimmer citing the complete response letter from the FDA for baricitinib, indicating a need to determine appropriate doses. This setback could take years and lead to approval of only the lower dose, leaving potentially little differentiation from Pfizer's (PFE) rheumatoid arthritis treatment Xeljanz," Schimmer tells investors in a research note. The analyst prefers to wait for a "cleaner entry point" into the shares. 3. KKR (KKR) downgraded to Neutral from Buy at Citi with analyst William Katz saying he views the stock's valuation relative to peers as less attractive at current levels. 4. Monster Beverage (MNST) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Judy Hong saying she expects shares to be range-bound near-term due to soft core Monster sales trends in the US. 5. PNC Financial (PNC) downgraded to Hold from Buy at Rafferty Capital with analyst Richard Bove saying bank stock valuations are too high and growth is lacking. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/17
LEER
04/17/17
NO CHANGE
LEER
Outperform
Leerink sees attractive buying opportunity in Eli Lilly ahead of Q1 results
While noting that Eli Lilly's (LLY) stock is under pressure following the news that baricitinib did not receive FDA approval with the Agency expressing concerns over dosing and safety, Leerink sees an "attractive buying opportunity" ahead of Q1 results given "strong trends" in the company's new product launches, particularly for high-margin Trulicity and Taltz. Further, the firm says that while baricitinib could face a 12-18 month delay in the U.S., it is already approved in EU and is not the biggest valuation driver due to the 18% royalty it pays to partner Incyte (INCY). Leerink has Outperform ratings on Eli Lilly and Incyte's shares.

TODAY'S FREE FLY STORIES

AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.92

1.38 (14.47%)

14:54
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Periodicals
Apple only leasing six cars from Hertz, CNBC says »

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AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.92

1.38 (14.47%)

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  • 26

    Jun

NG

NovaGold

$4.50

-0.075 (-1.64%)

14:49
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06/26
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Options
NovaGold options imply 6.4% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 27

    Jun

AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.84

1.3002 (13.63%)

14:47
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06/26
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Periodicals
Hertz to manage small self-driving car fleet for Apple, Bloomberg says »

Apple (AAPL) is leasing a…

AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.84

1.3002 (13.63%)

GOOG

Alphabet

$965.59

8.5 (0.89%)

GOOGL

Alphabet Class A

$986.09

9.47 (0.97%)

CAR

Avis Budget

$24.24

1.23 (5.35%)

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  • 26

    Jun

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  • 19

    Jul

OTIC

Otonomy

$18.75

1 (5.63%)

14:46
06/26/17
06/26
14:46
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14:46
Conference/Events
Otonomy to hold a breakfast meeting »

Chief Scientific Officer…

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DGX

Quest Diagnostics

$110.05

0.345 (0.31%)

, WMT

Wal-Mart

$75.61

0.77 (1.03%)

14:44
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Quest Diagnostics, Wal-Mart team up to offer healthcare services »

Quest Diagnostics (DGX)…

DGX

Quest Diagnostics

$110.05

0.345 (0.31%)

WMT

Wal-Mart

$75.61

0.77 (1.03%)

03/08/13
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  • 30

    Jul

EBSB

Meridian Bancorp

14:43
06/26/17
06/26
14:43
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14:43
Upgrade
Meridian Bancorp rating change  »

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AMD

AMD

$14.17

-0.21 (-1.46%)

, INTC

Intel

$34.19

-0.17 (-0.49%)

14:43
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06/26
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14:43
Recommendations
AMD, Intel analyst commentary  »

Goldman reiterates Sell…

AMD

AMD

$14.17

-0.21 (-1.46%)

INTC

Intel

$34.19

-0.17 (-0.49%)

03/08/13
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  • 26

    Jun

  • 29

    Aug

KTOV

Kitov Pharmaceuticals

$1.71

-0.01 (-0.58%)

, PRXL

Parexel

$86.80

-0.31 (-0.36%)

14:41
06/26/17
06/26
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14:41
Hot Stocks
Kitov sees formal filing of NDA for KIT-302 by end of Q3 »

Kitov Pharmaceuticals…

KTOV

Kitov Pharmaceuticals

$1.71

-0.01 (-0.58%)

PRXL

Parexel

$86.80

-0.31 (-0.36%)

03/08/13
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  • 26

    Jun

RAD

Rite Aid

$3.93

0.8199 (26.36%)

14:40
06/26/17
06/26
14:40
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14:40
Options
Heavy trading in RiteAid as shares surge »

Heavy trading in RiteAid…

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14:40
06/26/17
06/26
14:40
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General news
Treasury Action: yields remain slightly lower »

Treasury Action: yields…

EVLV

EVINE Live

$1.04

-0.03 (-2.80%)

14:39
06/26/17
06/26
14:39
06/26/17
14:39
Conference/Events
EVINE Live management to meet with Craig-Hallum »

Meeting to be held in New…

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  • 28

    Jun

  • 29

    Jun

EVLV

EVINE Live

$1.04

-0.03 (-2.80%)

14:38
06/26/17
06/26
14:38
06/26/17
14:38
Conference/Events
EVINE Live management to meet with B. Riley »

Meeting to be held in New…

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  • 28

    Jun

  • 29

    Jun

HTZ

Hertz

$10.19

0.65 (6.81%)

14:36
06/26/17
06/26
14:36
06/26/17
14:36
Technical Analysis
Technical View: Hertz spikes higher, levels to watch »

The shares were last at…

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AMAG

AMAG Pharmaceuticals

$18.35

0.15 (0.82%)

14:36
06/26/17
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Recommendations
AMAG Pharmaceuticals analyst commentary  »

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FN

Fabrinet

$45.60

5.58 (13.94%)

14:30
06/26/17
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Options
Timely call activity in Fabrinet »

Timely call activity in…

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  • 26

    Jun

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  • 29

    Aug

AAPL

Apple

$146.28

0.65 (0.45%)

, HTZ

Hertz

$10.24

0.7 (7.34%)

14:26
06/26/17
06/26
14:26
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14:26
Periodicals
Breaking Periodicals news story on Apple, Hertz »

Hertz to manage small…

AAPL

Apple

$146.28

0.65 (0.45%)

HTZ

Hertz

$10.24

0.7 (7.34%)

03/08/13
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03/08/13
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  • 26

    Jun

GM

General Motors

$34.49

0.29 (0.85%)

14:25
06/26/17
06/26
14:25
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14:25
Conference/Events
General Motors to host a conference call »

EVP & CFO Chuck…

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  • 26

    Jun

  • 25

    Jul

T

AT&T

$38.15

0.2001 (0.53%)

14:20
06/26/17
06/26
14:20
06/26/17
14:20
Options
Calendar call spread in AT&T rolls short position from July to September »

Calendar call spread in…

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14:19
06/26/17
06/26
14:19
06/26/17
14:19
General news
Averages mixed but internals strong »

The averages remain mixed…

$NSD

NASDAQ Market Internals

14:17
06/26/17
06/26
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

14:16
06/26/17
06/26
14:16
06/26/17
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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14:15
06/26/17
06/26
14:15
06/26/17
14:15
General news
NY Fed's overnight reverse repo totaled $185.2 B, with 49 counterparties »

NY Fed's overnight…

IAC

IAC

$104.84

0.3 (0.29%)

, NFLX

Netflix

$158.02

3.13 (2.02%)

14:13
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Vimeo cancels plans for subscription video service »

IAC (IAC)-owned video…

IAC

IAC

$104.84

0.3 (0.29%)

NFLX

Netflix

$158.02

3.13 (2.02%)

03/08/13
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  • 28

    Jun

  • 17

    Jul

HOG

Harley-Davidson

$55.96

0.42 (0.76%)

14:13
06/26/17
06/26
14:13
06/26/17
14:13
Hot Stocks
Breaking Hot Stocks news story on Harley-Davidson »

Harley-Davidson moves…

03/08/13
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  • 18

    Jul

  • 02

    Oct

MAR

Marriott

$104.06

0.17 (0.16%)

14:10
06/26/17
06/26
14:10
06/26/17
14:10
Options
Bullish option flow in Marriott »

Bullish option flow in…

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