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ABBV

AbbVie

$85.47

-1.105 (-1.28%)

15:27
09/26/17
09/26
15:27
09/26/17
15:27

AbbVie says will take one single digit price increase for 2018

AbbVie issued the following statement on drug pricing: "Statements made by AbbVie management about drug pricing have been incorrectly characterized in multiple sources. We evaluate specific pricing decisions on an annual basis, with careful consideration of a variety of factors. For 2018, AbbVie will take one single digit price increase and will continue to act responsibly with respect to drug pricing."

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    Nov

ABBV AbbVie
$85.47

-1.105 (-1.28%)

09/25/17
09/25/17
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. Under Armour (UAA) downgraded to Neutral from Buy at Guggenheim. 2. VF Corp. (VFC) downgraded to Sector Weight from Overweight at KeyBanc with analyst Edward Yruma saying the company's "consistent" results are adequately reflected in the current valuation. 3. Quest Diagnostics (DGX) downgraded to Market Perform from Outperform at Raymond James with analyst Nicholas Jansen citing the preliminary 2018 Clinical Laboratory Fee Schedule, or CLFS, rates released Friday evening, which creates an overhang. 4. AbbVie (ABBV) downgraded to Neutral from Buy at UBS with analyst Marc Goodman saying that shares are up 40% year-to-date. 5. Albemarle (ALB) downgraded to Neutral from Outperform at Baird with analyst Ben Kallo saying he thinks near-term execution is largely priced into the stock and he believes the shares are fully valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/25/17
JEFF
09/25/17
NO CHANGE
Target $200
JEFF
Buy
Jefferies explains how Amgen can re-rate higher like AbbVie
Jefferies analyst Michael Yee believes the 2018-2020 consensus estimates for Amgen (AMGN) may be too low if Mylan's (MYL) biosimilar of Neulasta doesn't get approved next month. The Biosimilar User Fee Act date is October 9. Investors may become more confident in the durability of Amgen's franchise given that AbbVie (ABBV) defended Humira and re-rated to a higher valuation, Yee tells investors in a research note. The key issue keeping Amgen's price-to-earnings multiple below peers at 12 to 13 times over the past couple of years is investor fear of biosimilars primarily against Neulasta and Enbrel, Yee argues. He sees a failed approval for Mylan as setting the tone for a higher multiple like AbbVie. The analyst has a Buy rating on Amgen shares with a $200 price target.
09/25/17
UBSW
09/25/17
DOWNGRADE
Target $92
UBSW
Neutral
AbbVie downgraded to Neutral from Buy at UBS
UBS analyst Marc Goodman downgraded AbbVie to Neutral with the shares up 40% year-to-date. Investors this year have gained more confidence in the duration of Humira and in the company's pipeline, Goodman tells investors in a research note. After pushing out his assumption for U.S. biosimilar competition for Humira to 2022 from 2021, the analyst raised his price target for AbbVie shares to $92 from $79. Goodman, however, no longer sees enough upside to warrant a Buy rating. AbbVie closed Friday up 7c to $87.48.
09/21/17
UBSW
09/21/17
NO CHANGE
Target $500
UBSW
Buy
Regeneron price target lowered to $500 from $535 at UBS
UBS analyst Carter Gould lowered his price target on Regeneron (REGN) to $500 from $535 citing increased Dupixent competition after Amgen (AMGN) and AstraZeneca (AZN) reported data on their own asthma drug earlier this month and AbbVie (ABBV) reported results in an atopic dermatitis study. While he noted that definitive 12-month phase 3 data from these competitors is likely more than 20 months away, he also lowered his Dupixent peak sales estimate to $4.8B from $6.5B. He keeps a Buy rating on Regeneron shares, as he believes pipeline products including nesvacumab and REGN2810 offer a path to longer-term upside.

TODAY'S FREE FLY STORIES

FNSR

Finisar

$21.98

0.34 (1.57%)

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TWN

Taiwan Fund

$21.16

-0.19 (-0.89%)

12:29
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AGEN

Agenus

$4.71

0.04 (0.86%)

, ADRO

Aduro Biotech

$9.55

-0.1 (-1.04%)

12:25
10/19/17
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Conference/Events
William Blair biotech analyst holds an analyst/industry conference call Aduro Biotech »

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AGEN

Agenus

$4.71

0.04 (0.86%)

ADRO

Aduro Biotech

$9.55

-0.1 (-1.04%)

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TSM

TSMC

$41.06

-0.445 (-1.07%)

12:22
10/19/17
10/19
12:22
10/19/17
12:22
Downgrade
TSMC rating change  »

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AAPL

Apple

$159.76

-0.71 (-0.44%)

, AXP

American Express

$91.42

-0.6599 (-0.72%)

12:21
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General news
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AAPL

Apple

$159.76

-0.71 (-0.44%)

AXP

American Express

$91.42

-0.6599 (-0.72%)

VZ

Verizon

$49.81

1.16 (2.38%)

TRV

Travelers

$130.89

0.87 (0.67%)

PM

Philip Morris

$108.30

-4.21 (-3.74%)

ADBE

Adobe

$153.00

2.62 (1.74%)

EBAY

eBay

$37.97

0.48 (1.28%)

CRBP

Corbus Pharmaceuticals

$7.00

-0.05 (-0.71%)

UAL

United Continental

$60.75

-7.24 (-10.65%)

AAL

American Airlines

$52.03

-0.04 (-0.08%)

DAL

Delta Air Lines

$51.75

-1.11 (-2.10%)

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COTY

Coty

$15.66

-0.105 (-0.67%)

12:20
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Far downside put buyers in Coty Inc as implied volatility moves higher »

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12:20
10/19/17
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General news
U.S. equities rebounded from lows »

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Stephens food & agribusiness analyst holds an analyst/industry conference call »

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$NSD

NASDAQ Market Internals

12:17
10/19/17
10/19
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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FB

Facebook

$176.03

-0.08 (-0.05%)

, AAPL

Apple

$159.76

-0.71 (-0.44%)

12:16
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12:16
Periodicals
Apple can't agree with terms for Facebook's subscription tool, Recode reports »

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FB

Facebook

$176.03

-0.08 (-0.05%)

AAPL

Apple

$159.76

-0.71 (-0.44%)

03/08/13
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$NYE

NYSE Market Internals

12:16
10/19/17
10/19
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Technical Analysis
NYSE market internals summary »

Volume is below average…

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PYPL

PayPal

$67.26

0.59 (0.88%)

, VNTV

Vantiv

$68.99

0.03 (0.04%)

12:15
10/19/17
10/19
12:15
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Earnings
On The Fly: What to watch in PayPal earnings report »

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PYPL

PayPal

$67.26

0.59 (0.88%)

VNTV

Vantiv

$68.99

0.03 (0.04%)

MSFT

Microsoft

$77.61

0.02 (0.03%)

MA

MasterCard

$145.45

-0.74 (-0.51%)

03/08/13
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GM

General Motors

$45.12

-0.0049 (-0.01%)

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Idaho AG announces $120M multistate settlement with General Motors »

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  • 24

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UAL

United Continental

$60.70

-7.29 (-10.72%)

, AAL

American Airlines

$52.03

-0.04 (-0.08%)

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United Continental falls after Q4 guidance implies earnings miss »

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UAL

United Continental

$60.70

-7.29 (-10.72%)

AAL

American Airlines

$52.03

-0.04 (-0.08%)

DAL

Delta Air Lines

$51.50

-1.36 (-2.57%)

ALK

Alaska Air

$77.56

-2.875 (-3.57%)

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MLM

Martin Marietta

$208.03

4.68 (2.30%)

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Martin Marietta agrees not to consummate Panadero deal before January 31 »

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GS

Goldman Sachs

$238.50

-3.53 (-1.46%)

, MS

Morgan Stanley

$49.36

-0.79 (-1.58%)

12:06
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Periodicals
Banks line up about EUR5B for Unilever spreads sale, Reuters reports »

Banks including Goldman…

GS

Goldman Sachs

$238.50

-3.53 (-1.46%)

MS

Morgan Stanley

$49.36

-0.79 (-1.58%)

MFG

Mizuho Financial Group

$3.55

-0.03 (-0.84%)

UN

Unilever; also tag UL

$58.03

-3.36 (-5.47%)

UL

Unilever; also tag UN

$56.51

-3.35 (-5.60%)

BX

Blackstone

$34.36

0.8742 (2.61%)

KKR

KKR

$20.25

0.03 (0.15%)

APO

Apollo Global

$31.71

-0.02 (-0.06%)

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XPO

XPO Logistics

$64.45

-0.31 (-0.48%)

12:01
10/19/17
10/19
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10/19/17
12:01
Recommendations
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  • 02

    Nov

SCSS

Select Comfort

$32.08

1.7 (5.60%)

12:00
10/19/17
10/19
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Options
Put buyers in Select Comfort won't rest »

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UAL

United Continental

$61.63

-6.36 (-9.35%)

11:57
10/19/17
10/19
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11:57
Hot Stocks
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  • 19

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BX

Blackstone

$34.33

0.835 (2.49%)

11:55
10/19/17
10/19
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Breaking Hot Stocks news story on Blackstone »

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QCOM

Qualcomm

$52.21

-0.2 (-0.38%)

11:50
10/19/17
10/19
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10/19/17
11:50
Options
Defensive option play in Qualcomm opens a big position »

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  • 01

    Nov

FIZZ

National Beverage

$97.74

0.15 (0.15%)

11:47
10/19/17
10/19
11:47
10/19/17
11:47
Hot Stocks
National Beverage attributes volatility to 'falsehoods' and 'rumors' »

National Beverage…

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WPM

Wheaton Precious Metals

$20.59

0.586 (2.93%)

11:45
10/19/17
10/19
11:45
10/19/17
11:45
Options
Wheaton Precious Metals call volume above normal and directionally bullish »

Bullish option flow…

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  • 10

    Nov

BA

Boeing

$258.00

-2.04 (-0.78%)

11:41
10/19/17
10/19
11:41
10/19/17
11:41
Hot Stocks
Boeing reports 16 new orders in weekly update »

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  • 25

    Oct

AEM

Agnico Eagle

$45.12

0.3 (0.67%)

11:35
10/19/17
10/19
11:35
10/19/17
11:35
Options
Agnico Eagle put volume heavy and directionally bearish »

Bearish flow noted in…

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