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MNK

Mallinckrodt

$45.80

1.29 (2.90%)

14:05
07/17/17
07/17
14:05
07/17/17
14:05

Mallinckrodt call volume above normal and directionally bullish

Bullish option flow detected in Mallinckrodt with 2,633 calls trading, 2x expected, and implied vol increasing over 1 point to 53.43%. Aug-17 50 calls and Jul-17 46 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.20. Earnings are expected on August 8th.

  • 26

    Jul

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    Jul

  • 08

    Aug

MNK Mallinckrodt
$45.80

1.29 (2.90%)

06/20/17
JEFF
06/20/17
NO CHANGE
Target $70
JEFF
Buy
Jefferies sees $60-$75 per share buyout range for Mallinckrodt
Amid speculation that Mallinckrodt is seeking strategic alternatives, Jefferies analyst Anthony Petrone explored leveraged buyout scenarios in order to gauge the feasibility of a sponsor-led transaction. His work shows that within a $60-$75 per share takeout range, sponsors can clear a 30% internal rate of return hurdle under "modest assumptions" with upside to 45%-plus when engineering scenarios are considered. The largest risks to the LBO assumptions are around stability in Acthar pricing and the competitive landscape, Petrone tells investors in a research note. The analyst keeps a Buy rating on Mallinckrodt with a $70 price target. The specialty pharmaceutical company closed yesterday up 5%, or $1.94, to $43.64.
06/21/17
WELS
06/21/17
NO CHANGE
WELS
Outperform
Wells doesn't see Mallinckrodt at significant risk of violating debt covenants
Wells Fargo analyst David Maris believes Mallinckrodt's debt and leverage "seem very manageable" and argues that investors "should not be overly concerned" about the company's potential to violate its debt covenants. In a note issued before the open, Maris characterized Mallinckrodt's covenants as "loose." He keeps an Outperform rating on Mallinckrodt shares.
06/29/17
UBSW
06/29/17
NO CHANGE
Target $70
UBSW
Buy
Mallinckrodt sum-of-the-parts still supports $70 price target, says UBS
UBS analyst Marc Goodman said his sum-of-the-parts valuation for Mallinckrodt still supports a $70 price target. The analyst said shares at current price remain attractive with the key overhang being the sustainability of Acthar from competition. Without competition, Goodman believes the shares are worth $100. He sees a favorable risk/reward as management has talked about a sense of urgency in getting the stock moving. Goodman reiterated his Buy rating and $70 price target on Mallinckrodt shares.
07/13/17
WELS
07/13/17
NO CHANGE
WELS
Outperform
Wells says Mallinckrodt orphan news a 'good reminder' of pipline opportunties
Wells Fargo analyst David Maris said Mallinckrodt's announcement last night that that the FDA has granted orphan drug designation to its muscular dystrophy drug, MNK-1411, is a good reminder of the companies pipeline "shots on goal" that he does not believe are factored well enough in investor expectations. Maris keeps an Outperform rating on Mallinckrodt shares, citing the stock's valuation.

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$41.65

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ULTA

Ulta Beauty

$200.90

2.59 (1.31%)

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Verizon

$50.08

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MRK

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$63.76

0.25 (0.39%)

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Teva

$14.61

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ADP

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0.21 (0.18%)

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Goldman Sachs

$240.07

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EVHC

Envision Healthcare

$40.70

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NNI

Nelnet

$51.05

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CZR

Caesars

$12.30

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MMP

Magellan Midstream

$67.56

-0.96 (-1.40%)

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MDB

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  • 19

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HMNY

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$16.32

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