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RGEN

Repligen

$43.22

-0.54 (-1.23%)

, GE

General Electric

$25.09

-0.025 (-0.10%)

10:28
09/26/17
09/26
10:28
09/26/17
10:28

GE launch to weight on Repligen's valuation, says Jefferies

GE Healthcare (GE), Repligen's largest customer, announced plans to launch a new Protein A resin in the first half of 2018 that will not utilize Repligen as the manufacturer of the associated protein A ligand, Jefferies analyst Brandon Couillard tells investors in a research note. Repligen shares are down 12%, or $5.10, to $38.12 in morning trading. While the near-term financial impact appears negligible to Repligen, the long-term implications are negative, Couillard contends. He believes GE's move to in-source protein A ligands "diminishes the value" of Repligen's "near-monopoly position" and could weigh on its "premium" multiple. The analyst has a Hold rating on Repligen with a $40 price target.

RGEN

Repligen

$43.22

-0.54 (-1.23%)

GE

General Electric

$25.09

-0.025 (-0.10%)

  • 29

    Sep

  • 02

    Oct

  • 30

    Nov

RGEN Repligen
$43.22

-0.54 (-1.23%)

07/21/17
WBLR
07/21/17
INITIATION
WBLR
Outperform
Repligen initiated with an Outperform at William Blair
William Blair analyst Amanda Murphy started Repligen with an Outperform rating.
06/23/17
JANY
06/23/17
NO CHANGE
Target $47
JANY
Buy
Repligen price target raised to $47 from $42 at Janney Capital
Janney Capital analyst Paul Knight raised his fair value estimate on Repligen to $47 from $42 following the company's agreement to acquire privately-held Spectrum, which the company said is expected to accelerate the growth of its filtration business. Knight keeps a Buy rating on Repligen shares.
04/24/17
04/24/17
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. Herbalife (HLF) initiated with Buy rating at Tigress Financial. 2. Winnebago (WGO) initiated with a Buy at CL King. 3. Visteon (VC) initiated with an Equal Weight at Morgan Stanley. 4. Repligen (RGEN) initiated with an Equal-Weight at First Analysis. 5. Ritchie Bros. (RBA) assumed with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/17
FANA
04/24/17
INITIATION
Target $40
FANA
Equal-Weight
Repligen initiated with an Equal-Weight at First Analysis
First Analysis initiated Repligen with an Equal Weight and a $40 price target.
GE General Electric
$25.09

-0.025 (-0.10%)

09/11/17
DBAB
09/11/17
NO CHANGE
Target $21
DBAB
Sell
Deutsche Bank cuts GE price target to $21 on 2018 estimate reduction
Deutsche Bank analyst John Inch cut his price target for General Electric shares to $21 from $24 after reducing his 2018 earnings estimate for the company to $1.55 from $1.85. His forecast now assumes weaker Power, reduced earnings benefit due to curtailed share repurchase, as well as a 5c drag from the adoption of ASU No. 2014-09. There could be further downside risk to estimates after management resets 2018 earnings in November, Inch tells investors in a research note. He notes his estimate does not include the potential adoption of other more conservative accounting practices, including a significantly higher tax rate. The analyst keeps a Sell rating on GE shares.
09/07/17
JPMS
09/07/17
NO CHANGE
Target $22
JPMS
Underweight
JPMorgan sees $24 as ceiling not floor for GE shares
In a research note titled "Preparing For The Fall: It's Worse Than We Think.", JPMorgan analyst C. Stephen Tusa says he remains negative on General Electric shares with a $22 price target and Underweight rating. The analyst now views $24 per share as a "ceiling as opposed to a floor prior," and a stock in the high teens as an "investable fair value." GE closed yesterday up 16c to $24.92. Tusa sees downside risk to his well below consensus estimates, and notes the Street is slowly approaching his numbers. GE's cash position is not inflecting, thus current levels are a run rate, not "depressed," Tusa writes. He sees a downside scenario in 2018 GAAP earnings per share to the $1.15-$1.20 range as a potential starting point, compared to current consensus of $1.70.
08/31/17
LEHM
08/31/17
INITIATION
Target $41
LEHM
Overweight
Baker Hughes initiated with an Overweight at Barclays
Barclays analyst J. David Anderson started Baker Hughes (BHGE) with an Overweight rating and $41 price target. The analyst believes the merger with GE (GE) goes a long way toward addressing some of the company's legacy issues around execution.
08/03/17
PIPR
08/03/17
NO CHANGE
Target $14
PIPR
Underweight
3D Systems reported disappointing results, says Piper Jaffray
Piper Jaffray analyst Troy Jensen says 3D Systems (DDD) last night reported disappointing results with weak printer sales being the primary factor in the revenue miss. The weak printer sales are directly correlated with increased competition from HP Inc. (HPQ), General Electric (GE) and others attacking 3D Systems' key product lines, Jensen tells investors in a post-earnings research note. He sees the company's second half of 2017 as "incrementally more challenging" and believes the stock's a "significant premium" to 3D printing peers is unwarranted. The analyst reiterates an Underweight rating on 3D Systems with a $14 price target.

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AUDVF

Audi AG

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ABX

Barrick Gold

$12.57

-0.0933 (-0.74%)

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CSGP

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

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ALKS

Alkermes

$63.19

-1.56 (-2.41%)

, NKTR

Nektar

$86.45

3 (3.60%)

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ALKS

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$63.19

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NKTR

Nektar

$86.45

3 (3.60%)

BMY

Bristol-Myers

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CIDM

Cinedigm

$1.25

0.0201 (1.63%)

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FB

Facebook

$177.91

1.9 (1.08%)

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HPQ

HP Inc.

$21.52

0.345 (1.63%)

, LNVGY

Lenovo

$10.15

-0.01 (-0.10%)

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HPQ

HP Inc.

$21.52

0.345 (1.63%)

LNVGY

Lenovo

$10.15

-0.01 (-0.10%)

AAPL

Apple

$171.07

-0.78 (-0.45%)

03/08/13
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MIC

Macquarie Infrastructure

$39.09

-24.53 (-38.56%)

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BAMXY

BMW Group

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W

Wayfair

$74.55

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EAT

Brinker

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VIAB

Viacom

$33.03

-0.95 (-2.80%)

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$38.35

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GOOGL

Alphabet Class A

$1,113.75

10.16 (0.92%)

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DPS

Dr Pepper Snapple

$115.28

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