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CELG

Celgene

$120.61

-0.43 (-0.36%)

07:21
06/16/17
06/16
07:21
06/16/17
07:21

Leerink upgrades Celgene to Outperform on 'discounted valuation'

Leerink analyst Geoffrey Porges upgraded Celgene to Outperform from Market Perform and raised his price target for the shares to $150 from $146. The biopharmaceutical company closed yesterday down 43c to $120.61. The analyst, who points out his revenue estimates for 2017-2019 are above the consensus, views Celgene's valuation as "discounted." The analyst expects the company's operating results to rebound in Q2 and stock's multiple to recover in Q3 "towards a more growth-appropriate range." He also anticipates "significant upward revisions" to consensus expectations in Q3.

  • 22

    Jun

CELG Celgene
$120.61

-0.43 (-0.36%)

06/16/17
LEER
06/16/17
UPGRADE
Target $150
LEER
Outperform
Celgene upgraded to Outperform from Market Perform at Leerink
Leerink analyst Geoffrey Porges upgraded Celgene to Outperform and raised his price target for the shares to $150 from $146.
06/13/17
06/13/17
NO CHANGE
Target $63

Outperform
FBR keeps $61 target on Acceleron after dalantercept failure
FBR Capital analyst Ed White says that while the dalantercept failed Phase II study is "disappointing," his focus remains on luspatercept, which is being studied in beta-thalassemia and myelodysplastic syndrome. Celgene (CELG) estimates peak sales potential of over $2B for luspatercept, which could translate into more than $400M in revenue for Acceleron Pharma (XLRN), White tells investors in a research note. He thinks luspatercept could be brought to market by 2019. White's price target for Acceleron remains $63 as he had only a 15% probability of approval and a low revenue estimate for dalantercept. The analyst reiterates an Outperform rating on the shares.
06/06/17
LEER
06/06/17
NO CHANGE
Target $100
LEER
Outperform
bluebird data among most impressive in CAR-T space, says Leerink
Leerink analyst Michael Schmidt says bluebird bio's (BLUE) bb2121 dose-escalation data in multiple myeloma is among the most impressive early data sets he's seen in the CAR-T space to date. The data sets a high bar for the competition, which includes Juno Therapeutics (JUNO), Kite Pharma (KITE) and Novartis (NVS), Schmidt tells investors in a research note. Being one year ahead of the competition provides bluebird and Celgene (CELG) with an ideal position in multiple myeloma, the analyst adds. He keeps an Outperform rating on bluebird shares with a $100 price target.
05/23/17
WELS
05/23/17
INITIATION
WELS
Outperform
Zymeworks initiated with an Outperform at Wells Fargo
Wells Fargo started coverage of Zymeworks (ZYME) with a $20 price target and an Outperform rating. The firm says that the company has "a potential best-in-class bispecific antibody platform, a deep pipeline focused on novel cancer therapeutics , an attractive (breast cancer treatment) with early validation in a $10B category and a high profile collaboration with oncology leader Celgene (CELG)." Wells notes that the company's breast cancer treatment,, ZW25, has "shown early evidence of tumor response." Wells views the collaboration with Celgene "as particularly validating" for Zymeworks. It keeps an Outperform rating on Zymeworks.

TODAY'S FREE FLY STORIES

SAN

Banco Santander

$6.85

0.19 (2.85%)

17:06
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BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

17:05
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Breaking Syndicate news story on Bellicum Pharmaceuticals »

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KND

Kindred Healthcare

$11.50

0.25 (2.22%)

17:04
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LOGI

Logitech

$37.02

0.46 (1.26%)

17:02
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Logitech nominates to new directors, proposes 10% dividend increase »

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  • 29

    Aug

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

17:00
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06/28
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17:00
Syndicate
Breaking Syndicate news story on Bellicum Pharmaceuticals »

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  • 26

    Sep

XLF

Financial Select Sector

$24.52

0.38 (1.57%)

17:00
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17:00
Technical Analysis
Technical View: Financial Select Sector rises in extended trading »

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C

Citi

$65.18

0.95 (1.48%)

16:58
06/28/17
06/28
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16:58
Technical Analysis
Technical View: Citi rises after hours »

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    Jun

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    Jul

BAC

Bank of America

$23.88

0.61 (2.62%)

16:54
06/28/17
06/28
16:54
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16:54
Hot Stocks
Bank of America to boost quarterly dividend 60%, authorizes $12B share buyback »

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CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

, FRP

FairPoint

$15.50

0.5 (3.33%)

16:54
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Consolidated Communications-FairPoint merger secures regulatory approvals »

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CNSL

Consolidated Communications

$21.27

0.53 (2.56%)

FRP

FairPoint

$15.50

0.5 (3.33%)

03/08/13
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FB

Facebook

$153.24

2.66 (1.77%)

16:54
06/28/17
06/28
16:54
06/28/17
16:54
Periodicals
Facebook creating ad targeting for families, Axios reports »

Facebook is creating new…

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  • 28

    Jun

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    Jul

NTRS

Northern Trust

$96.66

1.24 (1.30%)

16:52
06/28/17
06/28
16:52
06/28/17
16:52
Hot Stocks
Northern Trust to increase dividend to 42c per share, buy back $750M in stock »

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  • 19

    Jul

SBOT

Stellar Biotechnologies

$1.23

-0.05 (-3.91%)

16:51
06/28/17
06/28
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16:51
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Breaking Hot Stocks news story on Stellar Biotechnologies »

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CMA

Comerica

$71.94

0.14 (0.19%)

16:51
06/28/17
06/28
16:51
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16:51
Hot Stocks
Comerica plans to increase dividend 15%, buy back up to $605M of common stock »

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JPM

JPMorgan

$89.82

1.77 (2.01%)

16:50
06/28/17
06/28
16:50
06/28/17
16:50
Hot Stocks
JPMorgan to up quarterly dividend to 56c/share, authorizes $19.4B share buyback »

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  • 14

    Jul

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    Oct

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    Apr

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    Oct

BBVA

Banco Bilbao

$8.54

0.16 (1.91%)

16:50
06/28/17
06/28
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BBVA Compass receives no objection to its 2017 capital plan »

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  • 28

    Jun

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

16:49
06/28/17
06/28
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Zions to boost common dividend to 24c per share by 2Q18 »

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PNC

PNC Financial

$123.40

2.28 (1.88%)

16:48
06/28/17
06/28
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PNC says proposed capital plans include 36% dividend hike, $2.7B in buybacks »

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  • 14

    Jul

MBUU

Malibu Boats

$25.75

0.28 (1.10%)

16:47
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CIT

CIT Group

$48.61

0.27 (0.56%)

16:47
06/28/17
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CIT Group receives no objection to its 2017 capital plan »

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DFS

Discover

$61.88

0.81 (1.33%)

16:47
06/28/17
06/28
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Hot Stocks
Discover to boost quarterly dividend to 35c per share, authorizes $2.23B buyback »

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  • 26

    Jul

AMZN

Amazon.com

$990.33

13.55 (1.39%)

, WMT

Wal-Mart

$76.51

0.5 (0.66%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Periodicals
Amazon holds first ever 'meet and greet' for sellers, Bloomberg says »

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AMZN

Amazon.com

$990.33

13.55 (1.39%)

WMT

Wal-Mart

$76.51

0.5 (0.66%)

EBAY

eBay

$35.31

0.4 (1.15%)

03/08/13
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  • 28

    Jun

STI

SunTrust

$56.09

0.88 (1.59%)

16:46
06/28/17
06/28
16:46
06/28/17
16:46
Hot Stocks
SunTrust boosts quarterly dividend 54%, authorizes $1.32B share buyback »

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  • 21

    Jul

KEY

KeyCorp

$18.38

0.18 (0.99%)

16:44
06/28/17
06/28
16:44
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16:44
Hot Stocks
KeyCorp to boost quarterly dividend to 10.5c per share, to repurchase $800M »

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BK

BNY Mellon

$50.60

0.92 (1.85%)

16:43
06/28/17
06/28
16:43
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16:43
Hot Stocks
BNY Mellon to raise dividend 24%, repurchase up to $3.1B of common stock »

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  • 20

    Jul

CFG

Citizens Financial

$35.34

0.5 (1.44%)

16:42
06/28/17
06/28
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Citizens Financial plans 18c per share quarterly dividends, $850M share buyback »

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  • 21

    Jul

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