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JNJ

Johnson & Johnson

$133.90

0.45 (0.34%)

08:56
10/11/17
10/11
08:56
10/11/17
08:56

J&J's Janssen submits NDA to FDA for Apalutamide for men with CRPC

Janssen Biotech announced that it has submitted a New Drug Application to the U.S. Food and Drug Administration for apalutamide, an investigational, next generation oral androgen receptor inhibitor for men with non-metastatic castration-resistant prostate cancer. Currently, there are no FDA approved treatments for patients with non-metastatic CRPC. This submission is based on Phase 3 data from the pivotal ARN-509-003, or SPARTAN, clinical trial, which assessed the safety and efficacy of apalutamide versus placebo, in men with non-metastatic CRPC who have a rapidly rising prostate specific antigen despite receiving continuous androgen deprivation therapy.1 Men with non-metastatic CRPC with a rapidly rising PSA are at high risk for developing metastatic disease. The primary endpoint of this study was metastasis free survival. MFS is the time from randomization to first evidence of confirmed metastasis, or time to death. The SPARTAN study results will be presented at a future medical meeting.

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JNJ Johnson & Johnson
$133.90

0.45 (0.34%)

10/09/17
WELS
10/09/17
UPGRADE
Target $149
WELS
Outperform
Johnson & Johnson upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Larry Biegelsen upgraded Johnson & Johnson to Outperform and raised his price target for the shares to $149 from $140. The healthcare giant closed Friday up 1c to $133.22. J&J is poised to reaccelerate its sales growth due to accretion from the Actelion acquisition, a "more measured" than expected impact from biosimilar competition, "solid performance" of key drugs and a pipeline that is "coming to fruition," Biegelsen tells investors in a research note. Further, the analyst believes Johnson & Johnson could continue to deliver margin improvement and faster earnings growth.
10/09/17
10/09/17
NO CHANGE

Valuations in Medical Technology look more attractive, says RBC Capital
RBC Capital analyst Glenn Novarro says the recent pullback in Medical Technology stocks since Q2 earnings has eliminated the valuation gap relative to other S&P Health Care subsectors. The analyst recommends a "Buy Now" for Johnson & Johnson (JNJ) and "Buy on Weakness" for Abbott Laboratories (ABT) among diversified MedTech names. In Cardiovascular, Novarro says "Buy Now" for Edwards Lifesciences (EW) and "Buy on Weakness" for Boston Scientific (BSX). For Nuvasive (NUVA) and Wright Medical (WMGI), the analyst says management will cut guidance because of hurricane related revenue shortfalls, but the selloff over the past several weeks is already discounting those expectations.
10/09/17
10/09/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) upgraded to Outperform from Market Perform at Wells Fargo with analyst Larry Biegelsen saying J&J is poised to reaccelerate its sales growth due to accretion from the Actelion acquisition, a "more measured" than expected impact from biosimilar competition, "solid performance" of key drugs and a pipeline that is "coming to fruition." 2. Morgan Stanley (MS) upgraded to Outperform from Neutral at Credit Suisse with analyst Susan Roth Katzke citing the over 10% total return potential in the shares. 3. Disney (DIS) upgraded to Top Pick from Outperform at RBC Capital with analyst Steven Cahall saying he thinks the company has reached a turning point with ESPN approaching less than 20% of earnings and "non-Media" Disney remaining a global leader in content that is executing well. 4. INC Research (INCR) upgraded to Buy from Hold at Jefferies analyst David Windley saying the recent share pullback provides a "compelling" entry point. 5. British American Tobacco (BTI) upgraded to Buy from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/17
JEFF
10/11/17
UPGRADE
Target $157
JEFF
Buy
Johnson & Johnson upgraded to Buy from Hold at Jefferies
Jefferies analyst Jeffrey Holford upgraded Johnson & Johnson to Buy while raising his price target for the shares to $157 from $145. The healthcare giant closed yesterday up 36c to $133.90. J&J's Pharma division is "under-modelled" by analysts and will drive above-consensus revenue and earnings growth, Holford tells investors in a research note. He sees the company's TIRADE pharma assets, or Tremfya, Imbruvica, rivaroxaban, Apalutamide, Darzalex, Esketamine and Stelara, as well as synergies from the Actelion acquisition, driving strong earnings momentum and better than expected dividends. Holford expects J&J shares to re-rate to a 10% market premium.

TODAY'S FREE FLY STORIES

GE

General Electric

$14.49

-0.01 (-0.07%)

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

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JNJ

Johnson & Johnson

$132.02

2.11 (1.62%)

, CMD

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$115.34

2.45 (2.17%)

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JNJ

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$132.02

2.11 (1.62%)

CMD

Cantel Medical

$115.34

2.45 (2.17%)

MDT

Medtronic

$80.39

-0.02 (-0.02%)

KKR

KKR

$21.96

0.18 (0.83%)

CG

Carlyle Group

$23.15

-0.1 (-0.43%)

MMM

3M

$237.02

1.02 (0.43%)

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AET

Aetna

$175.55

0.49 (0.28%)

, CVS

CVS Health

$68.16

0.16 (0.24%)

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AET

Aetna

$175.55

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CVS

CVS Health

$68.16

0.16 (0.24%)

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:56
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Breaking Syndicate news story on MYnd Analytics »

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MYND

MYnd Analytics

$2.60

0.0301 (1.17%)

17:55
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17:55
Syndicate
Breaking Syndicate news story on MYnd Analytics »

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CTRV

ContraVir Pharmaceuticals

$0.27

0.0027 (1.02%)

17:43
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Gabriele Cerrone reports 7.0% stake in ContraVir Pharma, may seek board changes »

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VLKAY

Volkswagen

$40.98

0.09 (0.22%)

17:41
02/23/18
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17:41
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VW settles U.S. diesel suit just before trial, Reuters reports »

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IAC

IAC

$153.99

3.2 (2.12%)

17:40
02/23/18
02/23
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17:40
Hot Stocks
Breaking Hot Stocks news story on IAC »

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SPG

Simon Property

$156.66

2.63 (1.71%)

17:37
02/23/18
02/23
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17:37
Syndicate
Breaking Syndicate news story on Simon Property »

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FN

Fabrinet

$28.64

0.99 (3.58%)

17:35
02/23/18
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Fabrinet director Frank Levinson buys 10,000 shares of company stock »

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CASI

Casi Pharmaceuticals

$3.85

0.1 (2.67%)

17:33
02/23/18
02/23
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Breaking Syndicate news story on Casi Pharmaceuticals »

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

, TNDM

TNDM

17:31
02/23/18
02/23
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02/23/18
17:31
Hot Stocks
Breaking Hot Stocks news story on Dexcom, TNDM »

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DXCM

Dexcom

$56.36

-0.04 (-0.07%)

TNDM

TNDM

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IDXX

Idexx Laboratories

$187.61

3.75 (2.04%)

17:24
02/23/18
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Hot Stocks
Idexx Laboratories director sells 4,000 common shares »

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CYDY

CytoDyn

$0.72

0.02 (2.86%)

17:23
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Breaking Syndicate news story on CytoDyn »

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MRUS

Merus

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MSG

Madison Square Garden

$231.97

2.41 (1.05%)

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MKL

Markel

$1,121.90

14.9 (1.35%)

17:12
02/23/18
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Syndicate
Breaking Syndicate news story on Markel »

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BEDU

Bright Scholar

$20.15

0.34 (1.72%)

17:08
02/23/18
02/23
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17:08
Syndicate
Bright Scholar files to sell 10M American Depositary Shares »

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AGN

Allergan

$162.09

2.69 (1.69%)

, MYL

Mylan

$41.45

0.17 (0.41%)

17:04
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Periodicals
PTAB denies Allergan's bid to dismiss restasis patent challenge, Bloomberg says »

Allergan's (AGN)…

AGN

Allergan

$162.09

2.69 (1.69%)

MYL

Mylan

$41.45

0.17 (0.41%)

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SCHW

Charles Schwab

$52.74

0.71 (1.36%)

17:03
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Charles Schwab appoints Joseph Martinetto as COO of the firm »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

, BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

17:02
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Kraft Heinz announces retirement of Warren Buffett from Board of Directors »

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KHC

Kraft Heinz

$69.02

1.38 (2.04%)

BRK.A

Berkshire Hathaway

$304,020.01

2616.01 (0.87%)

BRK.B

Berkshire Hathaway

$202.76

2.03 (1.01%)

BUD

AB InBev

$107.25

1.91 (1.81%)

QSR

Restaurant Brands

$59.46

1.02 (1.75%)

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SWX

Southwest Gas

$69.17

1.65 (2.44%)

17:02
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Southwest Gas increases quarterly common stock dividend »

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

, AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

16:56
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Hot Stocks
Breaking Hot Stocks news story on Morgan Stanley, Applied Optoelectronics »

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MS

Morgan Stanley

$56.07

1.21 (2.21%)

AAOI

Applied Optoelectronics

$28.02

0.51 (1.85%)

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HSBC

HSBC

$51.23

0.19 (0.37%)

16:49
02/23/18
02/23
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02/23/18
16:49
Syndicate
Breaking Syndicate news story on HSBC »

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