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AMGN

Amgen

$173.27

-0.05 (-0.03%)

, DNA

Bought by RHHBY

07:51
07/13/17
07/13
07:51
07/13/17
07:51

FDA Oncologic Drugs Advisory Committee to hold a meeting

The Committee will discuss during the morning session, Genentech/Roche's AVASTIN (bevacizumab), submitted by Amgen, the Biologics License Application (BLA) 761028 for ABP 215 a proposed biosimilar. During the afternoon session, the Committee discusses Biologics License Application (BLA) 761074 for MYL-1401O, a proposed biosimilar to Genentech's HERCEPTIN (trastuzumab), submitted by Mylan. The meeting will be held at the FDA Silver Spring, MD offices on July 13 at 8 am. Webcast Link

AMGN

Amgen

$173.27

-0.05 (-0.03%)

DNA

Bought by RHHBY

MYL

Mylan

$38.58

0.93 (2.47%)

RHHBY

Roche

$31.51

0.55 (1.78%)

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    Feb

AMGN Amgen
$173.27

-0.05 (-0.03%)

06/22/17
LEER
06/22/17
NO CHANGE
LEER
Leerink sees reasons for biotech rally to continue
Leerink analyst Geoffrey Porges attributes the recent strength in the biotech sector to a lessening of the perceived fears of pricing regulations and a favorable tone from the FDA. However, he believes the sector could advance at least 15% more, as he foresees more positive operating results and still expects more industry consolidation. Among large cap biotech names, Porges maintains Outperform ratings on Regeneron (REGN), Celgene (CELG), Vertex (VRTX) and Alexion(ALXN) and keeps Market Perform ratings on AbbVie (ABBV), Amgen (AMGN), Gilead (GILD) and Biogen (BIIB).
06/23/17
DBAB
06/23/17
INITIATION
Target $172
DBAB
Hold
Amgen initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Andrew Peters started Amgen with a Hold rating and $172 price target, saying its valuation is largely in line with its near-term growth challenges.
06/23/17
06/23/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Starbucks (SBUX) initiated with an Overweight at KeyBanc. 2. Wix.com (WIX) initiated with an Outperform at Wedbush. 3. Red Hat (RHT) initiated with a Neutral at Piper Jaffray. 4. Amgen (AMGN) initiated with a Hold at Deutsche Bank. 5. Oclaro (OCLR) initiated with a Buy at DA Davidson. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/17
JEFF
07/10/17
INITIATION
Target $195
JEFF
Buy
Amgen assumed with a Buy at Jefferies
Jefferies analyst Michael Yee assumed coverage on Amgen with a Buy and a $195 price target.
DNA Bought by RHHBY

MYL Mylan
$38.58

0.93 (2.47%)

05/31/17
WELS
05/31/17
NO CHANGE
WELS
Market Perform
Pension fund campaign a short-term negative for Mylan, says Wells Fargo
Wells Fargo analyst David Maris believes the campaign by four major pension funds to oppose the re-election of six directors is short-term negative for Mylan but has the potential to be a longer term positive. The campaign may pose a distraction to management, but if successful, it could address some governance concerns regarding compensation and performance at the company, Maris tells investors in a research note. The analyst has a Market Perform rating on Mylan shares.
06/12/17
SBSH
06/12/17
NO CHANGE
Target $38
SBSH
Buy
Citi says CRL for Coherus not worst case scenario
Citi analyst Mohit Bansal says Coherus Biosciences' (CHRS) complete response letter for its biosimilar version of Neulasta, while "clearly a negative outcome," is not the worst case scenario since the FDA did not ask for another study. The analyst sees a one year delay, which impacts his discounted free cash flow model by $5 per share. Coherus in premarket trading is down 30%, or $6.25, to $14.40. A one year delay would mean Coherus' CHS-1701 could still be on markets at the same time as competition from Mylan (MYL) and ahead of Sandoz's approval in 2019, Bansal tells investors in a research note. The analyst has a Buy rating on Coherus with a $38 price target.
06/16/17
CANT
06/16/17
INITIATION
Target $41
CANT
Neutral
Mylan initiated with a Neutral at Cantor
Cantor Fitzgerald analyst Louise Chen started Mylan with a Neutral rating and $41 price target.
06/21/17
WELS
06/21/17
NO CHANGE
WELS
Market Perform
Wells wouldn't be surprised to see greater scrutiny on Mylan coal tax credits
After a new report from Reuters questioned the way in which Mylan uses its ownership of coal processing plants to keep its taxes low, Wells Fargo analyst David Maris said this topic has interested him for some time but his questions to management on the issue were not answered. Maris, who said he would not be surprised to see greater public scrutiny on this issue after the report, keeps a Market Perform rating on Mylan shares.
RHHBY Roche
$31.51

0.55 (1.78%)

07/06/17
UBSW
07/06/17
DOWNGRADE
UBSW
Neutral
Roche downgraded to Neutral from Buy at UBS
UBS analyst Jack Scannell downgraded Roche to Neutral saying he's become more cautious on oncology in general and that the shares are close to his fair value estimate. The analyst has a CHF 260 price target for the shares.
07/07/17
DBAB
07/07/17
DOWNGRADE
DBAB
Hold
Roche downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Tim Race downgraded Roche to Hold saying the risk/reward is "now finely balanced" given the stock's year-to-date performance. He believes his expectation for 2017-2022 annual earnings growth of 4% no longer justifies a premium valuation. The analyst lowered his price target for the shares to CHF 260 from CHF 273.
07/11/17
FBCO
07/11/17
NO CHANGE
Target $96
FBCO
Outperform
Alnylam weakness more driven by competitor data, says Credit Suisse
While attending the ISTH meeting in Berlin, Credit Suisse analyst Alethia Young notes that Alnylam's (ALNY) stock weakness is more driven by "strong" competitor data in inhibitors from Roche's (RHHBY) ACE910. The analyst reiterates an Outperform rating and $96 price target on Alnylam's shares.
07/11/17
COWN
07/11/17
NO CHANGE
Target $325
COWN
Outperform
Shire hemophilia franchise being valued near zero, says Cowen
Cowen analyst Ken Cacciatore believes Shire's (SHPG) current valuation reflects essentially no value for the company's hemophilia franchise. Investors are treating Shire/Baxalta's hemophilia franchise as if it should equate to essentially zero, into perpetuity, beginning in 2020, Cacciatore tells investors in a research note, citing his analysis. He believes this sentiment, based on competitive concerns from Roche (RHHBY) and Alnylam (ALNY), is a "gross overreaction." The analyst has an Outperform rating on Shire with a $325 price target.

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UAL

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VRX

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BP

BP

$38.81

0.09 (0.23%)

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MON

Monsanto

$121.99

-0.09 (-0.07%)

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Agco

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FCEL

FuelCell

$2.13

0.09 (4.41%)

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EIA natural gas storage change for week ending October 13 »

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MU

Micron

$41.65

1.26 (3.12%)

10:30
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Options
Active trading in Micron calls as shares slump Thursday »

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NKE

Nike

$52.21

-0.0915 (-0.17%)

, ADDYY

adidas

$112.54

-0.08 (-0.07%)

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Groupon

$5.00

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ULTA

Ulta Beauty

$200.90

2.59 (1.31%)

10:29
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10:29
Rumors
Rumor moving shares of Ulta Beauty »

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UAL

United Continental

$64.26

-3.73 (-5.49%)

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Technical View: United Continental falls after results and outlook »

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  • 19

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MEIP

MEI Pharma

$2.48

0.15 (6.44%)

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VZ

Verizon

$50.08

1.431 (2.94%)

10:20
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Options
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  • 19

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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MRK

Merck

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, TEVA

Teva

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Teva

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ADP

ADP

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GS

Goldman Sachs

$240.07

-1.96 (-0.81%)

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EVHC

Envision Healthcare

$40.70

0.05 (0.12%)

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NNI

Nelnet

$51.05

-0.27 (-0.53%)

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CZR

Caesars

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