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MNK

Mallinckrodt

$36.45

-0.35 (-0.95%)

05:55
09/13/17
09/13
05:55
09/13/17
05:55

Mallinckrodt downgraded to Neutral from Buy at Mizuho

MNK Mallinckrodt
$36.45

-0.35 (-0.95%)

09/06/17
UBSW
09/06/17
NO CHANGE
Target $70
UBSW
Buy
Mallinckrodt selloff on Inomax ruling unwarranted, says UBS
UBS analyst Marc Goodman noted Mallinckrodt (MNK) sold off after losing a generic patent ruling to Praxair (PX) on its Inomax system. The analyst said Praxair's drug and system would be a competitor to Inomax, not a generic, which means it would have to compete directly with it. He said Mallinckrodt has penetrated almost all of the high risk NICUs and many have long term contracts, making Praxair's best opportunity to win new business. Given the dominant position of Inomax, it does not leave Praxair much of an opportunity, added Goodman, who reiterated his Buy rating and $70 price target on Mallinckrodt shares.
09/06/17
CANT
09/06/17
NO CHANGE
Target $52
CANT
Overweight
Mallinckrodt court decision 'not that bad,' says Cantor
In a research note yesterday afternoon titled "Just Breathe, Inomax News Is Not That Bad, In Our View," Cantor Fitzgerald analyst Louise Chen said she remains positive on shares of Mallinckrodt after speaking with management. Inomax still maintains other patents not related to yesterday's court decision, Chen wrote. She adds that Praxair is "not going to be marketed as a directly substitutable product and does not have approval yet." The analyst keeps an Overweight rating on Mallinckrodt with a $52 price target. Morgan Stanley this morning downgraded Mallinckrodt to Equal Weight.
09/06/17
ADAM
09/06/17
NO CHANGE
Target $77
ADAM
Buy
Mallinckrodt Inomax concerns overblown, says Canaccord
Canaccord analyst Dewey Steadman said Mallincrodt's (MNK) selloff following the disappointing litigation result was overblown. He said Inomax represents one of the company's more durable franchises and doesn't see an imminent Praxair (PX) launch. He also believes if Praxair was to launch its competitor drug, he believes the two companies can share the market. Steadman added that Mallinckrodt's valuation is now attractively low and reiterated his Buy rating and $77 price target on the shares.
09/06/17
09/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) downgraded to Underperform from Neutral at BofA/Merrill with analyst Wamsi Mohan citing fiscal 2018 headwinds that include increased investment, a competitive pricing environment, and higher commodity costs. 2. Marathon Petroleum (MPC) downgraded to Market Perform from Outperform at Wells Fargo with analyst Roger Read saying he now expects the incentive distribution rights buyout may be at the lower end of the prior 15-20 times range. 3. Verifone (PAY) downgraded to Neutral from Buy at Northcoast with analyst Keith Housum saying he has reduced confidence in the company's ability to grow revenues and increase profitability given the delay in reaching the point of sale market with its new Carbon and Engage platform compared to initial expectations. 4. Mallinckrodt (MNK) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying he believes yesterday's unfavorable district court ruling in Mallinckrodt's suit against Praxair (PX) has increased the risk of an Inomax generic potentially as soon as October 2018, compared to his prior expectation of 2031. 5. BHP Billiton (BHP) downgraded to Underperform from Neutral at Exane BNP Paribas. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

GNRT

Gener8 Maritime

, EURN

Euronav NV

05:13
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Gener8 Maritime, Euronav NV rating change  »

Gener8 Maritime…

GNRT

Gener8 Maritime

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Euronav NV

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NUS

Nu Skin

$70.84

0.85 (1.21%)

05:11
01/23/18
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05:11
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Nu Skin analyst commentary  »

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  • 15

    Feb

NFLX

Netflix

$227.58

7.12 (3.23%)

05:08
01/23/18
01/23
05:08
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05:08
Recommendations
Netflix analyst commentary  »

Netflix price target…

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  • 30

    Jan

NTR

Nutrien

$53.07

0.07 (0.13%)

05:05
01/23/18
01/23
05:05
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05:05
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Nutrien rating change  »

Nutrien upgraded to Buy…

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  • 24

    Jan

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    Feb

NFLX

Netflix

$227.58

7.12 (3.23%)

05:01
01/23/18
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05:01
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Netflix analyst commentary  »

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  • 30

    Jan

ADBE

Adobe

$197.84

2.11 (1.08%)

05:00
01/23/18
01/23
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05:00
Recommendations
Adobe analyst commentary  »

Adobe price target raised…

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  • 08

    May

ATUS

Altice USA

$21.90

0.6 (2.82%)

, ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:58
01/23/18
01/23
04:58
01/23/18
04:58
Upgrade
Altice USA, Altice NV rating change  »

Altice USA upgraded to…

ATUS

Altice USA

$21.90

0.6 (2.82%)

ALLVF

Altice NV

$11.35

0.3675 (3.35%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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NFLX

Netflix

$227.58

7.12 (3.23%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Recommendations
Netflix analyst commentary  »

Netflix price target…

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  • 30

    Jan

ALLVF

Altice NV

$11.35

0.3675 (3.35%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Upgrade
Altice NV rating change  »

Altice NV upgraded to…

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04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Wolfe Research utilities analyst to hold a luncheon meeting »

Senior Utilities Analyst…

RHT

Red Hat

$128.01

2.07 (1.64%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Red Hat participates in a conference call with Bernstein »

U.S. SMID-Cap Software…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 06

    Feb

CAMP

CalAmp

$23.13

0.02 (0.09%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
CalAmp has a conference call hosted by JPMorgan »

JPMorgan Analyst Coster…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

AYR

Aircastle

$24.23

-0.03 (-0.12%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Aircastle management to meet with Oppenheimer »

Meetings to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 24

    Jan

CRNCY

Cairn Energy

$6.15

0.11 (1.82%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Cairn Energy management to meet with RBC Capital »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

SRE

Sempra Energy

$105.05

-0.94 (-0.89%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Sempra Energy management to meet with Wolfe Research »

Meetings to be held in…

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03/08/13
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03/06/13
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  • 23

    Jan

  • 24

    Jan

TRN

Trinity Industries

$36.51

-0.15 (-0.41%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Trinity Industries management to meet with Wedbush »

Meeting with CFO Perry…

03/08/13
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  • 23

    Jan

EPE

EP Energy

$2.48

0.17 (7.36%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
EP Energy to hold a conference call »

Management discusses its…

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  • 23

    Jan

SBOW

SilverBow Resources

$31.45

-0.79 (-2.45%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
SilverBow Resources management to meet with Stephens »

Meetings to be held in…

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  • 23

    Jan

  • 24

    Jan

BNED

Barnes & Noble Education

$7.71

0.01 (0.13%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Barnes & Noble Education management to meet with Sidoti »

Meetings to be held in…

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  • 23

    Jan

BRG

Bluerock Residential

$9.22

0.03 (0.33%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Bluerock Residential management to meet with JMP Securities »

Meeting to be held in…

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03/06/13
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  • 23

    Jan

FCPT

Four Corners Property Trust

$24.13

0.45 (1.90%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Four Corners Property Trust management to meet with JMP Securities »

Meeting to be held in Los…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

SIG

Signet Jewelers

$55.87

0.8 (1.45%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Signet Jewelers management to meet with Buckingham »

Meetings to be held in…

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03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

  • 24

    Jan

UNF

UniFirst

$171.15

0.2 (0.12%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
UniFirst management to meet with Northcoast »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 23

    Jan

PRQR

ProQR Therapeutics

$3.03

0.025 (0.83%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
ProQR Therapeutics to h old an investor event »

Investor Event will be…

03/08/13
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03/08/13
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  • 23

    Jan

  • 19

    Feb

CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

, CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

04:55
01/23/18
01/23
04:55
01/23/18
04:55
Conference/Events
Morgan Stanley to hold a tour »

Annual Morgan Stanley…

CQH

Cheniere Energy Partners LP

$28.50

0.28 (0.99%)

CQP

Cheniere Energy Partners

$30.89

0.41 (1.35%)

ENLC

EnLink Midstream

$19.25

0.5 (2.67%)

ENLK

EnLink Midstream Partners

$18.08

0.63 (3.61%)

EPD

Enterprise Products

$29.40

0.74 (2.58%)

NBLX

Noble Midstream

$56.22

1.12 (2.03%)

PAA

Plains All American

$23.05

0.56 (2.49%)

SHLX

Shell Midstream

$30.46

0.33 (1.10%)

TRGP

Targa Resources

$51.00

0.27 (0.53%)

WES

Western Gas Partners

$53.74

1.43 (2.73%)

WGP

Western Gas Equity

$41.91

1.49 (3.69%)

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 23

    Jan

  • 07

    Feb

  • 16

    Feb

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    Feb

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    Feb

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