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TEVA

Teva

, MYL

Mylan

$38.18

0.23 (0.61%)

09:25
10/17/17
10/17
09:25
10/17/17
09:25

Wells Fargo specialty pharma analyst holds an analyst/industry conference call

Large-Cap & Specialty Pharmaceuticals Analyst Maris and Investment Grade Healthcare Analyst Roland discuss debt and Teva, Mylan and Perrigo on an Analyst/Industry conference call to be held on October 17 at 10 am.

TEVA

Teva

MYL

Mylan

$38.18

0.23 (0.61%)

PRGO

Perrigo

  • 17

    Oct

  • 20

    Oct

  • 02

    Nov

  • 03

    Dec

TEVA Teva

10/16/17
WELS
10/16/17
NO CHANGE
WELS
Outperform
Court ruling looks 'clearly negative' for Allergan, says Wells Fargo
Wells Fargo analyst David Maris says a federal judge ruling today that Allergan's (AGN) Restasis patents are invalid "appears clearly negative" for the company. Due to the magnitude of the potential damages involved, however, an at-risk generic launch is unlikely, Maris tells investors in an intraday research note. As such, the analyst continues to believe the earliest that a generic version of Restasis may enter the market is sometime in 2019. Maris keeps an Outperform rating on Allergan. He adds that today's court ruling is incrementally positive for generic Restasis filers, if approved, including Teva (TEVA), Mylan ( MYL) and Akorn (AKRN).
10/13/17
WELS
10/13/17
NO CHANGE
Target $276
WELS
Outperform
Allergan settlement leaves three Restasis challengers, say Wells Fargo
Wells Fargo analyst David Maris says three Restasis generic challengers remain after Allergan (AGN) reached a settlement with InnoPharma. The settlement, which allows InnoPharma to launch a generic Restasis in the U.S. beginning February 24, 2024, or six months before the expiration of Allergan's patents, points to the complexity of Restasis and the difficulty of getting a generic version approved, Maris tells investors in a research note. InnoPharma was one of four included in a consolidated lawsuit against Allergan, with Teva (TEVA), Mylan (MYL) and Akorn (AKRX) remaining, Maris points out. He's encouraged that the settlement date reached with InnoPharma is close to the expiration date of the patents. The analyst keeps an Outperform rating on Allergan with a $276 price target.
10/04/17
JPMS
10/04/17
NO CHANGE
JPMS
Overweight
JPMorgan says generic Copaxone approval 'meaninful positive' for Mylan
Mylan's (MYL) generic Copaxone approval, 9-12 months ahead of investor expectations, represents a "meaningful positive" for the story and will "substantially derisk/support" upside to 2017 and 2018 estimates, JPMorgan analyst Chris Schott tells investors in a research note. The analyst reiterates an Overweight rating on the shares. For Teva (TEVA), the approval puts further pressure on the company's "already challenged" near-term earnings profile and delevering efforts, Schott writes. The analyst keeps a Neutral rating on the shares. The analyst believes the earlier than expected approval for Mylan represents a setback for Momenta Pharmaceuticals' (MNTA) generic Copaxone opportunity. Schott had assumed the company's Glatopa would be the first generic version of Copaxone 40mg to enter the market, but he notes the product has been delayed due to manufacturing issues at a Pfizer (PFE) plant handling fill/ for the drug. The analyst, however, continues to see a "large and fairly durable" generic opportunity for Glatopa. He keeps an Overweight rating on Momenta shares, which are down 27% in premarket trading to $12.75. Mylan is up 17% to $38.20 while Teva is down 15% to $15.95.
10/04/17
BTIG
10/04/17
NO CHANGE
BTIG
Mylan generic Copaxone sales could reach $450M in first year, says BTIG
BTIG analyst Timothy Chiang estimates that Mylan (MYL) could obtain up to $450M of sales from its generic version of Teva's (TEVA) Copaxone in the first year in which it is marketed. The analyst believes that the approval "validates" the company's status as a "premier" generic drugmaker and shows that one can never assume that it will lose a battle over generic drug rights. The analyst raised his price target on the shares to $45 from $42 and keeps a Buy rating on the stock.
MYL Mylan
$38.18

0.23 (0.61%)

10/05/17
GSCO
10/05/17
NO CHANGE
Target $14
GSCO
Neutral
Momenta price target cut to $14 following Mylan gCopaxone approval at Goldman
Goldman analyst Dana Flanders lowered Momenta (MNTA) estimates and cut its price target on share to $14 from $18 following Mylan's (MYL) generic Copaxone approval. The analyst maintained a Neutral rating on Momenta given uncertainties on how the gCopaxone market will play out and lack of near-term pipeline catalysts.
10/05/17
UBSW
10/05/17
NO CHANGE
Target $46
UBSW
Buy
Mylan Copaxone approval to put upward pressure on consensus estimates, says UBS
UBS analyst Marc Goodman noted the approval for Mylan's generic Copaxone has taken such a long time that many analysts did not have its approval in their earnings model. As a result, the approval is a positive and will put upward pressure on consensus numbers. It will also help the credibility of management around its ability to get high barrier-to-entry products approved. The analyst has these high barrier approvals as part of his thesis and said Mylan remains his favorite generic name. Goodman reiterated his Buy rating and $46 price target on Mylan shares.
PRGO Perrigo

09/14/17
DBAB
09/14/17
NO CHANGE
Target $95
DBAB
Buy
Perrigo price target raised to $95 from $88 at Deutsche Bank
Deutsche Bank analyst Gregg Gilbert raised his price target for Perrigo to $95 saying that while the company's turnaround has taken longer than expected, "a recovery in sentiment appears to be well underway." Management has set appropriate expectations and is as confident as ever that they can continue to deliver, Gilbert tells investors in a research note. He thinks the shares can continue to "grind higher" if Perrigo meets/beats its forecasts. Gilbert keeps a Buy rating on Perrigo.
09/28/17
MSCO
09/28/17
NO CHANGE
MSCO
Equal Weight
Morgan Stanley says Perrigo opportunity at Amazon 'more hype' than sales driver
Morgan Stanley analyst David Risinger believes online sales are unlikely to drive higher net revenue for Perrigo (PRGO) in the U.S. because such purchases will likely cannibalize existing sales via traditional brick and mortar retailers. Amazon (AMZN) currently sells Perrigo's GoodSense low-cost brand and Risinger sees it as possible that Amazon eventually develops its own brand and sources private label products from Perrigo and others, but this would also likely cannibalize GoodSense, he tells investors. The analyst, who noted "this is not a negative stock call," keeps an Equal Weight rating on Perrigo.
10/05/17
UBSW
10/05/17
NO CHANGE
Target $98
UBSW
Buy
Perrigo price target raised to $98 from $84 at UBS
UBS analyst Marc Goodman raised his price target on Perrigo to $98 from $84 as he believes new product launches along with increasing penetration of store brands should drive growth in its U.S. consumer business. The analyst believes this will drive modestly higher revenues and operating margins. Goodman reiterated his Buy rating on Perrigo shares.
09/13/17
ADAM
09/13/17
NO CHANGE
Target $100
ADAM
Buy
Perrigo price target raised to $100 from $88 at Canaccord
Canaccord analyst Dewey Steadman raised his price target on Perrigo to $100 from $88 following meetings with management. The analyst said the company remains well positioned as a hybrid consumer/generic play and believes its management leadership is impressive. Steadman reiterated his Buy rating on Perrigo shares.

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SYNT

Syntel

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5.2 (27.23%)

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QD

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ABT

Abbott

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$53.88

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

19:58
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Sina

$114.26

-0.73 (-0.63%)

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CLDR

Cloudera

$15.51

0.13 (0.85%)

, HTHIY

Hitachi

$75.56

-0.49 (-0.64%)

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PNFP

Pinnacle Financial

$65.15

-1.15 (-1.73%)

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FULT

Fulton Financial

$18.95

-0.3 (-1.56%)

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EXXI

Energy XXI

$8.59

-0.41 (-4.56%)

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FULT

Fulton Financial

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HGV

Hilton Grand Vacations

$39.83

0.05 (0.13%)

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PRGX

PRGX Global

$6.80

0.05 (0.74%)

, KR

Kroger

$20.48

0.04 (0.20%)

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Kroger

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UBFO

United Security Bank

$9.50

-0.05 (-0.52%)

17:38
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UBSH

Union Bankshares

$35.32

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Xenith Bankshares

$32.77

-0.07 (-0.21%)

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XBKS

Xenith Bankshares

$32.77

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

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IBM

IBM

$146.54

-0.29 (-0.20%)

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OMAB

OMA Airports

$41.34

0.28 (0.68%)

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SCSS

Select Comfort

$30.38

-0.17 (-0.56%)

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IBM

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$3.80

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Fogo De Chao

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IBM

IBM

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PAYX

Paychex

$62.90

-0.55 (-0.87%)

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VZ

Verizon

$48.40

0.31 (0.64%)

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