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LGND

Ligand

$116.75

-1.9 (-1.60%)

, AMGN

Amgen

$177.40

0.27 (0.15%)

09:14
07/18/17
07/18
09:14
07/18/17
09:14

Craig-Hallum sees Ligand agreement with Amgen as 'incrementally' positive news

Craig-Hallum analyst Matt Hewitt notes that Ligand (LGND) announced that it had entered into a new commercial license and supply agreement with Amgen (AMGN) for the use of the former's Captisol technology in the formulation of AMG 330, a bispecific antibody being investigated as a treatment for acute myeloid leukemia. The analyst believes this agreement signals AMG 330 moving from Phase 1 into Phase 2 trials and incrementally positive news for Ligand as this news was not anticipated in his model. Hewitt reiterates a Buy rating and $160 price target on Ligand's shares.

LGND

Ligand

$116.75

-1.9 (-1.60%)

AMGN

Amgen

$177.40

0.27 (0.15%)

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    Feb

LGND Ligand
$116.75

-1.9 (-1.60%)

10/10/16
ROTH
10/10/16
NO CHANGE
Target $154
ROTH
Buy
Ligand price target raised to $154 after Carnexiv approval at Roth Capital
Roth Capital analyst Joseph Pantginis raised his price target on Ligand to $154 from $150 after partner Lundbeck announced that the FDA approved Carnexiv injection as a short-term replacement therapy for oral carbamazepine formulations in adults with certain seizure types. Ligand will receive a $1.25M milestone payment this quarter and is entitled to receive a 2.75% royalty on sales of the drug, noted Pantginis, who keeps a Buy rating on Ligand shares.
11/07/16
SPHN
11/07/16
NO CHANGE
Target $125
SPHN
Overweight
Ligand price target lowered to $125 from $150 at Stephens
Stephens analyst Drew Jones lowered his price target for Ligand to $125 from $150 on valuation. The analyst notes that the company reported mixed Q3 results as revenue softness led to lowered guidance for the year. Nonetheless, he reiterates an Overweight rating on the shares.
02/15/17
SPHN
02/15/17
NO CHANGE
Target $125
SPHN
Overweight
Ending of Merck trial neutral to Ligand, says Stephens
Stephens analyst Drew Jones says that there could be some initial weakness in Ligand's (LGND) shares due to the negative headline associated with Merck (MRK) stopping one of the trials for its BACE inhibitor, but expects this to be short lived. The analyst says the success with Merck's BACE inhibitor is not a part of his positive thesis as he continue to see multiple potential commercial, clinical, and regulatory catalysts for Ligand throughout 2017. He reiterates an Overweight rating and $125 price target on Ligand's shares.
02/27/17
ROTH
02/27/17
INITIATION
Target $118
ROTH
Buy
Ligand reinitiated with a Buy at Roth Capital
Roth Capital analyst Scott Henry resumed coverage of Ligand Pharmaceuticals with a Buy rating and $118 price target, citing the combination of a "strong" base business, near-term new revenue generators, and a long-term pipeline.
AMGN Amgen
$177.40

0.27 (0.15%)

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.
07/17/17
JEFF
07/17/17
NO CHANGE
Target $195
JEFF
Buy
Amgen Complete Response Letter was expected, says Jefferies
Jefferies analyst Michael Yee says the FDA's Complete Response Letter for Amgen's Romosozumab in osteoporosis was expected. The indication is not in current consensus near-term estimates given the prior known imbalance in safety signal, Yee tells investors in a research note. He believes the drug could still be approved in 2018-2019 based on a good risk/benefit profile. The analyst has a Buy rating on Amgen with a $195 price target.

TODAY'S FREE FLY STORIES

HD

Home Depot

$146.69

-6.615 (-4.32%)

, LOW

Lowe's

$73.43

-3.4 (-4.43%)

10:27
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Recommendations
Home Depot, Lowe's analyst commentary  »

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-6.615 (-4.32%)

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STLD

Steel Dynamics

$37.49

0.99 (2.71%)

, NUE

Nucor

$58.99

-1.67 (-2.75%)

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$37.49

0.99 (2.71%)

NUE

Nucor

$58.99

-1.67 (-2.75%)

X

U.S. Steel

$24.08

-0.39 (-1.59%)

AKS

AK Steel

$6.52

-0.08 (-1.21%)

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PFE

Pfizer

$33.60

-0.025 (-0.07%)

, MRK

Merck

$63.18

0.555 (0.89%)

10:26
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Credit Suisse cuts Pfizer to hold, prefers Merck, J&J »

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PFE

Pfizer

$33.60

-0.025 (-0.07%)

MRK

Merck

$63.18

0.555 (0.89%)

JNJ

Johnson & Johnson

$136.04

0.83 (0.61%)

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U.S. leading economic index rose 0.6% to 127.8 in June »

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C

Citi

$66.79

0.09 (0.13%)

10:25
07/20/17
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10:25
Conference/Events
Citigroup to hold a conference call »

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STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:21
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Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

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TSLA

Tesla

$325.26

-2.98 (-0.91%)

10:21
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VRTX

Vertex

$159.69

27.53 (20.83%)

10:20
07/20/17
07/20
10:20
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10:20
Options
Large call spread in Vertex Pharm after yesterday's surge »

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10:20
07/20/17
07/20
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General news
Treasury Action: longer yields rotated lower again »

Treasury Action: longer…

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:19
07/20/17
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Hot Stocks
Breaking Hot Stocks news story on Steel Dynamics »

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TSLA

Tesla

$325.26

-2.98 (-0.91%)

, JNJ

Johnson & Johnson

$136.03

0.82 (0.61%)

10:19
07/20/17
07/20
10:19
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10:19
Initiation
On The Fly: Top five analyst initiations »

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TSLA

Tesla

$325.26

-2.98 (-0.91%)

JNJ

Johnson & Johnson

$136.03

0.82 (0.61%)

TTS

Tile Shop

$14.83

-0.175 (-1.17%)

SBPH

Spring Bank Pharmaceuticals

$14.20

-0.12 (-0.84%)

DISCA

Discovery

$27.18

1.13 (4.34%)

SNI

Scripps Networks

$76.89

9.87 (14.73%)

03/08/13
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PFE

Pfizer

, RAD

Rite Aid

$2.50

-0.1322 (-5.03%)

10:19
07/20/17
07/20
10:19
07/20/17
10:19
Downgrade
On The Fly: Top five analyst downgrades »

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PFE

Pfizer

RAD

Rite Aid

$2.50

-0.1322 (-5.03%)

FMSA

Fairmount Santrol

$3.63

-0.245 (-6.33%)

NEWR

New Relic

$47.96

-0.84 (-1.72%)

SND

Smart Sand

$7.87

0.25 (3.28%)

03/08/13
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NKE

Nike

$59.31

1.54 (2.67%)

, BGS

B&G Foods

$37.08

1.275 (3.56%)

10:18
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Upgrade
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NKE

Nike

$59.31

1.54 (2.67%)

BGS

B&G Foods

$37.08

1.275 (3.56%)

HPQ

HP Inc.

$18.86

0.155 (0.83%)

RCL

Royal Caribbean

$115.14

2.5775 (2.29%)

BWLD

Buffalo Wild Wings

$122.60

0.65 (0.53%)

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STLD

Steel Dynamics

$37.49

0.99 (2.71%)

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  • 20

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$NSD

NASDAQ Market Internals

10:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

10:16
07/20/17
07/20
10:16
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Technical Analysis
NYSE market internals summary »

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10:15
07/20/17
07/20
10:15
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General news
FX Action: The dollar »

FX Action: The dollar…

10:15
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General news
Breaking General news story  »

Week of 7/14 EIA Natural…

RAD

Rite Aid

$2.50

-0.129 (-4.90%)

10:11
07/20/17
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Rite Aid expands Naloxone dispensing program to Michigan, South Carolina »

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BHLB

Berkshire Hills Bancorp

10:10
07/20/17
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Hot Stocks
Breaking Hot Stocks news story on Berkshire Hills Bancorp »

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AMZN

Amazon.com

$1,026.87

2.42 (0.24%)

, GOOG

Alphabet

$970.89

5.49 (0.57%)

10:10
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07/20
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Periodicals
AWS weighs new cloud service based on popular Google software, Information says »

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AMZN

Amazon.com

$1,026.87

2.42 (0.24%)

GOOG

Alphabet

$970.89

5.49 (0.57%)

GOOGL

Alphabet Class A

$992.77

5.82 (0.59%)

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TMST

TimkenSteel

$16.00

-0.18 (-1.11%)

, STLD

Steel Dynamics

$37.49

0.99 (2.71%)

10:10
07/20/17
07/20
10:10
07/20/17
10:10
Recommendations
TimkenSteel, Steel Dynamics, AK Steel, U.S. Steel, Nucor analyst commentary  »

Cowen would be buying…

TMST

TimkenSteel

$16.00

-0.18 (-1.11%)

STLD

Steel Dynamics

$37.49

0.99 (2.71%)

AKS

AK Steel

$6.52

-0.08 (-1.21%)

X

U.S. Steel

$24.11

-0.36 (-1.47%)

NUE

Nucor

$59.14

-1.52 (-2.51%)

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XBI

SPDR S&P BIOTECH

$79.80

0.69 (0.87%)

10:10
07/20/17
07/20
10:10
07/20/17
10:10
Options
Defensive option play in the SPDR Biotech ETF »

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BHLB

Berkshire Hills Bancorp

$36.60

0.1 (0.27%)

10:09
07/20/17
07/20
10:09
07/20/17
10:09
Earnings
Berkshire Hills Bancorp sees Q3 core EPS 58c, consensus 57c »

Sees total annualized…

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  • 20

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IRWD

Ironwood

$18.55

-0.23 (-1.22%)

10:07
07/20/17
07/20
10:07
07/20/17
10:07
Recommendations
Ironwood analyst commentary  »

Ironwood weakness a…

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