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MDSO

Medidata

$79.90

-0.35 (-0.44%)

, PVTB

PrivateBancorp

04:55
06/26/17
06/26
04:55
06/26/17
04:55

Medidata to replace PrivateBancorp in S&P 400 at open on 6/26

Canadian Imperial Bank of Commerce is acquiring PrivateBancorpin a deal expected to be completed on June 23.

MDSO

Medidata

$79.90

-0.35 (-0.44%)

PVTB

PrivateBancorp

  • 27

    Jun

  • 28

    Jun

  • 29

    Jun

  • 12

    Jul

MDSO Medidata
$79.90

-0.35 (-0.44%)

04/27/17
NEED
04/27/17
NO CHANGE
Target $75
NEED
Buy
Medidata price target raised to $75 from $65 at Needham
Needham analyst Scott Berg raised his price target for Medidata to $75 from $65 after the company reported what he believes to be its strongest quarter in several years, hitting a trifecta of sustained over 20% revenue growth, margin leverage, and bookings commentary above expectations. The analyst reiterates a Buy rating on the shares.
05/01/17
JEFF
05/01/17
UPGRADE
Target $63
JEFF
Hold
Medidata upgraded to Hold from Underperform at Jefferies
Jefferies analyst David Windley upgraded Medidata Solutions to Hold citing increased confidence in the company's growth targets. Channel checks suggest competitive displacements and increasing deal size should drive sustained high-teens to 20% revenue growth, the analyst contends. He raised his price target for the shares to $63 from $47.
06/06/17
BOFA
06/06/17
INITIATION
Target $85
BOFA
Buy
Medidata initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Steven Valiquette initiated Medidata Solutions with a Buy and an $85 price target saying it has established itself as a lading provider of cloud-based clinical trial data capture with robust growth.
06/12/17
KEYB
06/12/17
NO CHANGE
KEYB
Medidata to benefit from growth of risk-based monitoring, says KeyBanc
KeyBanc says that industry guidelines recently adopted by the EU should be a catalyst for risk-based monitoring technologies, or RBM. The firm says that Medidiata is the HCT it covers which is most exposed to RBM. It thinks that the company's revenue from RBM has reached a $50M annual run rate, while further adoption of RBM should accelerate adoption of its other SaaS tools. KeyBanc raised its price target on the stock to $84 from $83 and keeps an Overweight rating on the shares.
PVTB PrivateBancorp

06/30/16
06/30/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Diamond Resorts (DRII) downgraded to Neutral from Buy at Goldman by analyst Steven Kent after the company agreed to be acquired by Apollo Global Management (APO) for $30.25 per share. The analyst keeps his price target of $32 for the shares. MKM Partners also downgraded Diamond Resorts to Neutral from Buy. 2. Qualcomm (QCOM) downgraded to Market Perform from Outperform by Bernstein, which kept a $55 target on the stock. The firm thinks that estimates for the company's September quarter remain too high, due to unrealistic licensing expectations. Bernstein adds that the company has long-term "structural issues." 3. TESARO (TSRO) downgraded to Hold from Buy at Jefferies by analyst Eun Yang, citing yesterday's rally on the company's positive Phase 3 data for niraparib in ovarian cancer. The data were better than expected, but so was the stock move, Yang tells investors in a research note. The analyst prefers a Hold rating ahead of the full data set as well as competitor data in the second half of 2016 and 2017. She lists a potential takeout and competitor data not being as good as niraparib as risks to her downgrade. Yang raised her price target for TESARO shares to $75 from $53.4. PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at Keefe Bruyette by analyst David Long following the acquisition by CIBC (CM) saying he does not expected a competing bid to come to the table. PrivateBancorp was also downgraded to Market Perform from Outperform at Keefe Bruyette. 5. Spirit AeroSystems (SPR) downgraded to Market Perform from Outperform at Wells Fargo by analyst Sam Pearlstein, saying a charge for the A350 could make multiple expansion difficult. Spirit could be close to finishing a revised A350 pricing agreement that, when completed, could trigger a reach-forward loss accrual of around $200M, Pearlstein says. The analyst lowered his price target range for the shares to $50-$55 from $55-$60.This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/27/17
KBWI
03/27/17
UPGRADE
Target $63
KBWI
Outperform
PrivateBancorp upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher McGratty upgraded PrivateBancorp to Outperform and raised his price target for the shares to $63 from $54.
03/31/17
BARD
03/31/17
NO CHANGE
Target $61
BARD
Neutral
CIBC raised offer should seal PrivateBancorp deal, says Baird
Baird analyst David George believes CIBC's (CM) increased bid for PrivateBancorp (PVTB) should satisfy investor objections to prior terms and makes shareholder approval likely. He increased his price target on PrivateBancorp to $61 from $55 and keeps a Neutral rating on the shares. Industry consolidation should pick up over time, but George noted he does not expect a near-term increase in larger regional bank M&A.
05/30/17
KBWI
05/30/17
DOWNGRADE
Target $63
KBWI
Market Perform
PrivateBancorp downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette analyst Christopher McGratty downgraded PrivateBancorp to Market Perform citing the pending takeover by CIBC. The analyst has a $63 price target for the shares.

TODAY'S FREE FLY STORIES

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LyondellBasell

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BLUE

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AEP

American Electric

$67.50

0.04 (0.06%)

07:57
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AAPL

Apple

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UNH

UnitedHealth

$232.90

4.26 (1.86%)

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CE

Celanese

$109.67

-1.67 (-1.50%)

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  • 26

    Jan

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CLR

Continental Resources

$56.93

-0.73 (-1.27%)

07:54
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01/17
07:54
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07:54
Downgrade
Continental Resources rating change  »

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PXD

Pioneer Natural

$182.51

-3.64 (-1.96%)

07:53
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07:53
Downgrade
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  • 07

    Feb

IPAS

iPass

$0.45

-0.0349 (-7.21%)

07:53
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07:53
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BYD

Boyd Gaming

$36.16

-0.32 (-0.88%)

07:51
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07:51
Initiation
Boyd Gaming initiated  »

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GSK

GlaxoSmithKline

$37.92

0.42 (1.12%)

, NURO

NeuroMetrix

$1.72

-0.06 (-3.37%)

07:51
01/17/18
01/17
07:51
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07:51
Technical Analysis
Technical Take: NeuroMetrix up sharply, GlaxoSmithKline strategic collaboration »

NeuroMetrix (NURO) was…

GSK

GlaxoSmithKline

$37.92

0.42 (1.12%)

NURO

NeuroMetrix

$1.72

-0.06 (-3.37%)

03/08/13
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  • 07

    Feb

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MOBL

MobileIron

07:51
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Initiation
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PPG

PPG

$116.64

-1.53 (-1.29%)

07:51
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01/17
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07:51
Downgrade
PPG rating change  »

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  • 18

    Jan

JEC

Jacobs Engineering

$69.42

-0.14 (-0.20%)

07:51
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01/17
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07:51
Hot Stocks
Jacobs wins engineering services agreement from Carcross/Tagish Energy »

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  • 17

    Jan

  • 07

    Feb

07:50
01/17/18
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07:50
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Conference/Events
UBS REITs analyst holds an analyst/industry conference call »

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GM

General Motors

$44.19

0.12 (0.27%)

07:49
01/17/18
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07:49
Periodicals
GM, DHL use Chinese plant to handle flow of parts, Reuters reports »

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  • 06

    Feb

EGAN

eGain

$5.35

-0.35 (-6.14%)

07:48
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NFLX

Netflix

$221.53

0.3 (0.14%)

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XRAY

Dentsply Sirona

$65.65

-0.14 (-0.21%)

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07:47
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General news
Futures suggest rebound from yesterday's dip »

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PSO

Pearson

$9.82

-0.08 (-0.81%)

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PSO

Pearson

$9.82

-0.08 (-0.81%)

07:46
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Hot Stocks
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WIFI

Boingo Wireless

$21.49

-0.83 (-3.72%)

07:46
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Initiation
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  • 17

    Jan

PSO

Pearson

$9.82

-0.08 (-0.81%)

07:46
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Earnings
Pearson sees FY adjusted EPS above 49p-52p guidance range »

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