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SHPG

Shire

$153.14

1.59 (1.05%)

, AGN

Allergan

$210.41

5.46 (2.66%)

11:31
10/02/17
10/02
11:31
10/02/17
11:31

Shire sues Allergan over contract with Part D plans for dry eye drug, WSJ says

Shire (SHPG) has filed an antitrust lawsuit in federal court in Trenton, N.J., against Allergan (AGN), claiming Allergan's contracts with Medicare Part D drug plans for its Restasis eye drops blocks access to its own dry-eye drug, Xiidra, The Wall Street Journal reports. The complaint says Shire offered discounts in bids to secure insurance coverage of Xiidra, but the Medicare plans refused due to Allergan's "bundled discounts, exclusive dealing" and other strategies. ""There was not a level playing field for us to compete" in Medicare Part D, Shire's head of U.S. pricing and market access, John Neeley, says. Reference Link

SHPG

Shire

$153.14

1.59 (1.05%)

AGN

Allergan

$210.41

5.46 (2.66%)

  • 01

    Nov

SHPG Shire
$153.14

1.59 (1.05%)

07/11/17
COWN
07/11/17
NO CHANGE
Target $325
COWN
Outperform
Shire hemophilia franchise being valued near zero, says Cowen
Cowen analyst Ken Cacciatore believes Shire's (SHPG) current valuation reflects essentially no value for the company's hemophilia franchise. Investors are treating Shire/Baxalta's hemophilia franchise as if it should equate to essentially zero, into perpetuity, beginning in 2020, Cacciatore tells investors in a research note, citing his analysis. He believes this sentiment, based on competitive concerns from Roche (RHHBY) and Alnylam (ALNY), is a "gross overreaction." The analyst has an Outperform rating on Shire with a $325 price target.
07/14/17
CANT
07/14/17
NO CHANGE
CANT
Worries about Shire hemophilia franchise overdone, says Cantor
After speaking with a pediatric hematology/oncology physician, Cantor analyst Louise Chen reports that the doctor said that uptake of Roche's (RHHBY) hemophilia treatment, ACE910, "will be gradual" because of safety concerns. The analyst says that worries about Shire's (SHPG_) hemophilia franchise are overdone. She keeps a $222 price target and an Overweight rating on the stock.
08/16/17
EVER
08/16/17
INITIATION
Target $196
EVER
Outperform
Shire initiated with an Outperform at Evercore ISI
Evercore ISI analyst Josh Schimmer initiated Shire with an Outperform and a $196 price target.
08/22/17
JEFF
08/22/17
NO CHANGE
JEFF
Buy
Shire CFO departure timing 'inopportune,' says Jefferies
Jefferies analyst David Steinberg called the "surprising move" of Shire CFO Jeff Poulton out of his current post and into a role at an agriculture biotech start-up "naturally raises some concerns" given the recent departure of the company's head of R&D, adding that the timing is "highly inopportune." However, after speaking with Poulton, the analyst's take is that the move is motivated by an interest in a more entrepreneurial opportunity. Steinberg keeps a Buy rating on Shire shares, which slid 3% yesterday.
AGN Allergan
$210.41

5.46 (2.66%)

09/25/17
WELS
09/25/17
NO CHANGE
WELS
Outperform
Allergan Refusal to File for Vraylar 'surprising,' says Wells Fargo
Wells Fargo analyst David Maris notes that Allergan received a Refusal to File letter from the FDA regarding its Supplemental New Drug Application, or sNDA, seeking approval for Vraylar, or cariprazine, for the treatment of negative symptoms associated with schizophrenia in adult patients. The analyst believes the news is the latest in a string of setbacks for the company, and says it is" surprising" given management highlighted this indication as a potential growth driver a few weeks ago and did not mention any potential issues with the filing timing. Maris reiterates an Outperform rating on the shares.
09/25/17
WELS
09/25/17
NO CHANGE
WELS
Outperform
Allergan buyback should be seen as good news, says Wells Fargo
Wells Fargo analyst David Maris believes the buyback announcement this morning from Allergan should be taken as good news. The departure of CFO Tess Hilado may create greater uncertainty, but company's reaffirmation of 2017 guidance and Q3 revenue projections are offsetting positives, Maris tells investors in a research note. He keeps an Outperform rating on Allergan.
09/26/17
UBSW
09/26/17
NO CHANGE
Target $275
UBSW
Buy
Allergan weakness a buying opportunity, says UBS
UBS analyst Marc Goodman said the recent weakness in Allergan is a buying opportunity. He believes he may have been too aggressive with his model, but even with his revised forecast, he said the story and valuation does not change that much and the stock remains very attractive. Goodman said the risk/reward for the Restasis patent case is not good, but he believes the shares have already priced in the risk. Goodman reiterated his Buy rating and $275 price target on Allergan shares.
09/26/17
FBCO
09/26/17
NO CHANGE
Target $266
FBCO
Outperform
Allergan price target lowered to $266 from $286 at Credit Suisse
Credit Suisse analyst Vamil Divan lowered his price target for Allergan to $266 from $286 following recent news flow on the name, most notably the Refusal to File letter that the company received from the FDA on the Vraylar label expansion and the new $2B share repurchase program. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

COP

ConocoPhillips

$70.59

-1.425 (-1.98%)

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  • 26

    Jul

FSUMY

Fortescue Metal

$0.00

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PEP

PepsiCo

$112.95

0.23 (0.20%)

, DISH

Dish

$32.75

-0.84 (-2.50%)

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PepsiCo to replace Dish in Nasdaq-100 index effective July 23rd »

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PEP

PepsiCo

$112.95

0.23 (0.20%)

DISH

Dish

$32.75

-0.84 (-2.50%)

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

, CAT

Caterpillar

$138.06

-2.68 (-1.90%)

20:00
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20:00
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Manitowoc, Caterpillar, Deere, Generac rating change  »

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

CAT

Caterpillar

$138.06

-2.68 (-1.90%)

DE

Deere

$136.19

-1.41 (-1.02%)

GNRC

Generac

$52.40

-0.585 (-1.10%)

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  • 30

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CZR

Caesars

$11.63

0.075 (0.65%)

19:33
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Caesars breaks ground on $375M Caesars Forum in Las Vegas »

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19:25
07/16/18
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19:25
07/16/18
19:25
Conference/Events
Morgan Stanley telecom analyst to hold an analyst/industry conference call »

U.S. Equity Strategist…

CAAP

Corporacion America Airport

$9.87

0.08 (0.82%)

19:11
07/16/18
07/16
19:11
07/16/18
19:11
Hot Stocks
Corporacion America Airport reports June passenger traffic up 5.8% »

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RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

19:08
07/16/18
07/16
19:08
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19:08
Hot Stocks
Rio Tinto announces Q2 Pilbara iron ore production 88.5Mt, up 14% from last year »

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  • 10

    Sep

CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

, IGT

International Game

$24.39

-0.5 (-2.01%)

19:06
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Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: Avid…

CDMO

Avid Bioservices

$4.46

-0.19 (-4.09%)

IGT

International Game

$24.39

-0.5 (-2.01%)

BGS

B&G Foods

$29.80

-0.2 (-0.67%)

AG

First Majestic

$7.44

-0.265 (-3.44%)

NFLX

Netflix

$400.24

4.32 (1.09%)

ROKU

Roku

$48.27

-0.52 (-1.07%)

AVEO

Aveo Pharmaceuticals

$2.85

-0.055 (-1.90%)

EOLS

Evolus

$25.08

-1.12 (-4.27%)

TRQ

Turquoise Hill

$2.94

0.11 (3.89%)

CARB

Carbonite

$38.40

-0.1 (-0.26%)

RDFN

Redfin

$23.99

0.46 (1.96%)

NAKD

Naked Brand Group

$4.95

-0.15 (-2.94%)

MTW

Manitowoc

$26.99

-0.52 (-1.89%)

AMZN

Amazon.com

$1,822.02

9.02 (0.50%)

03/08/13
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    Jul

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    Aug

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    Aug

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    Jul

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    Jul

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    Jul

T

AT&T

$31.90

0.24 (0.76%)

18:58
07/16/18
07/16
18:58
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18:58
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Warner Bros.' 'Aquaman' film out in theaters December 21 »

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  • 24

    Jul

  • 09

    Aug

SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

, TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

18:57
07/16/18
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Hot Stocks
Sinclair Broadcast 'shocked and disappointed' by FCC Chairman Pai's statement »

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SBGI

Sinclair Broadcast

$29.10

-3.9 (-11.82%)

TRCO

Tribune Media

$32.05

-6.55 (-16.97%)

03/08/13
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  • 08

    Aug

  • 06

    Sep

DE

Deere

$136.19

-1.41 (-1.02%)

18:49
07/16/18
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CAT

Caterpillar

$138.06

-2.68 (-1.90%)

18:49
07/16/18
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  • 30

    Jul

  • 08

    Aug

RIO

Rio Tinto

$53.64

-0.36 (-0.67%)

18:48
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  • 10

    Sep

NFLX

Netflix

$400.24

4.32 (1.09%)

18:41
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

NFLX

Netflix

$400.24

4.32 (1.09%)

18:39
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

IBM

IBM

$145.43

-0.48 (-0.33%)

, GRPN

Groupon

$4.70

0.025 (0.53%)

18:32
07/16/18
07/16
18:32
07/16/18
18:32
Periodicals
IBM seeks $166.5M in damages from Groupon in patent lawsuit, Bloomberg says »

IBM (IBM) is requesting…

IBM

IBM

$145.43

-0.48 (-0.33%)

GRPN

Groupon

$4.70

0.025 (0.53%)

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  • 18

    Jul

LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

, LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

18:30
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Lionsgate announces Dr. John Malone, Scott Paterson to retire from board »

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LGF.A

Lionsgate

$25.33

-0.58 (-2.24%)

LGF.B

Lionsgate

$23.85

-0.69 (-2.81%)

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  • 09

    Aug

GNRC

Generac

$52.40

-0.585 (-1.10%)

18:30
07/16/18
07/16
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18:30
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Generac rating change  »

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MTW

Manitowoc

$26.99

-0.52 (-1.89%)

18:29
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NFLX

Netflix

$400.24

4.32 (1.09%)

18:27
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Breaking Hot Stocks news story on Netflix »

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  • 16

    Jul

NFLX

Netflix

$400.24

4.32 (1.09%)

18:25
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Netflix says far from reaching a limit on pricing in India »

Constantly testing…

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  • 16

    Jul

FCPT

Four Corners Property Trust

$24.83

-0.06 (-0.24%)

18:24
07/16/18
07/16
18:24
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18:24
Hot Stocks
Four Corners Property Trust acquires Buffalo Wild Wings restaurant for $3.6M »

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ASOMY

Asos

$0.00

(0.00%)

18:14
07/16/18
07/16
18:14
07/16/18
18:14
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Asos rating change at Goldman Sachs »

Asos upgraded to Buy from…

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NFLX

Netflix

$400.24

4.32 (1.09%)

18:11
07/16/18
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18:11
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18:11
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Breaking Hot Stocks news story on Netflix »

Netflix says adoption of…

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  • 16

    Jul

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