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ABC

AmerisourceBergen

$79.48

-1.32 (-1.63%)

, CAH

Cardinal Health

$64.86

-1.47 (-2.22%)

12:25
10/13/17
10/13
12:25
10/13/17
12:25

Healthcare Distribution Alliance issues statement ahead of 60 Minutes report

Healthcare Distribution Alliance President and CEO John Gray released a statement in response to 60 Minutes/Washington Post coverage on the opioid epidemic. The statement reads in part, "Our industry recognizes the opioid epidemic as a national crisis - one that requires urgent action and solutions from across the healthcare system. While distributors do not manufacture, market, prescribe or dispense medicines - including opioids - we are supportive of initiatives by the government, public health organizations and our supply chain partners to reduce opioid prescribing, increase disposal of unused medicine, and improve patient, pharmacist and physician education. The most powerful and effective enforcement tool we can envision is the Drug Enforcement Administration and the supply chain working together to combat the opioid epidemic. For the past decade, our industry has continuously sought opportunities to communicate and coordinate more effectively with DEA to better understand our reporting responsibilities under the Controlled Substances Act, and to work together to mitigate the opioid epidemic." Shares of drug distributors AmerisourceBergen (ABC), Cardinal Health (CAH) and McKesson (MCK) are trading down today ahead of the 60 Minutes segment scheduled for Sunday night. The news show will examine the role drug distributors played in America's opioid epidemic.

ABC

AmerisourceBergen

$79.48

-1.32 (-1.63%)

CAH

Cardinal Health

$64.86

-1.47 (-2.22%)

MCK

McKesson

$147.76

-2.912 (-1.93%)

  • 26

    Oct

  • 02

    Nov

  • 06

    Nov

ABC AmerisourceBergen
$79.48

-1.32 (-1.63%)

10/05/17
BARD
10/05/17
UPGRADE
BARD
Outperform
AmerisourceBergen upgraded to Outperform from Neutral at Baird
10/05/17
BARD
10/05/17
UPGRADE
Target $96
BARD
Outperform
AmerisourceBergen upgraded to Outperform at Baird
As previously reported, Baird analyst Eric Coldwell upgraded AmerisourceBergen to Outperform from Neutral ahead of the company's 2018 guidance. The analyst notes the shares trade in-line with peers but he sees the company having a straightforward story based on client contracts, business mix, and capital deployment flexibility, among other factors. Coldwell raised his price target to $96 from $89 on AmerisourceBergen shares.
10/10/17
COWN
10/10/17
UPGRADE
Target $98
COWN
Outperform
AmerisourceBergen upgraded to Outperform from Market Perform at Cowen
Cowen analyst Charles Rhyee upgraded AmerisourceBergen to Outperform saying the transition towards differential specialty pricing will drive both earnings growth and multiple expansion. Distributor stocks, historically, fare very well coming out of a business model transition, Rhyee tells investors in a research note. He raised his price target for the shares to $98 from $88.
10/10/17
COWN
10/10/17
UPGRADE
Target $189
COWN
Outperform
McKesson upgraded to Outperform from Market Perform at Cowen
Cowen analyst Charles Rhyee upgraded McKesson (MCK) to Outperform saying the transition towards differential specialty pricing will drive both earnings growth and multiple expansion. Distributor stocks, historically, fare very well coming out of a business model transition, Rhyee tells investors in a research note. He raised his price target for the shares to $189 from $176. The analyst this morning also upgraded AmerisourceBergen (ABC) to Outperform. Rhyee prefers both McKesson and AmerisourceBergen over Market Perform-rated Cardinal Health (CAH). He lowered his price target for the latter to $74 from $77.
CAH Cardinal Health
$64.86

-1.47 (-2.22%)

09/14/17
LEER
09/14/17
NO CHANGE
LEER
Minimal hurricane exposure for pharma supply chain, says Leerink
Leerink analyst David Larsen sees less than 1% impact to revenues and earnings to companies in his coverage from Hurricane Harvey and Irma and believes any effects will be viewed as one-time in nature. The analyst notes that "the percentage of state impacted" and "days of impact" are particularly challenging variables in his model to estimate, but based on various assumptions he believes the hurricanes will prove to be a minor event for Express Scripts (ESRX), AmerisourceBergen (ABC), Cardinal Health (CAH), and McKesson (MCK). Nonetheless, Larsen says pharmacy retailers Walgreens Boots Alliance (WBA) and CVS Health (CVS) may face some store closures and possible damage costs.
09/19/17
RBCM
09/19/17
INITIATION
RBCM
Sector Perform
Cardinal Health initiated with a Sector Perform at RBC Capital
RBC Capital analyst George Hill started coverage of Cardinal with a $72 price target and a Sector Perform rating.
10/10/17
10/10/17
NO CHANGE

Correction: Cowen maintains Market Perform rating on Cardinal Health
MCK McKesson
$147.76

-2.912 (-1.93%)

09/19/17
09/19/17
UPGRADE
Target $178

Outperform
McKesson upgraded to Outperform on 'trading call' at Baird
As previously reported, Baird analyst Eric Coldwell upgraded McKesson to Outperform from Neutral, calling his rating change a "tactical/trading call" following the shares' material underperformance, both year-to-date and over the last twelve months. Over 80% of analysts are neutral/negative and consensus estimates across distributors are starting to make sense, he tells investors, adding that McKesson is building a "much more balanced" model. Coldwell raised his price target on the stock to $178 from $175.
09/19/17
09/19/17
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. Gap (GPS) upgraded to Neutral from Underperform at Credit Suisse analyst Christian Buss saying his firm's brick-and-mortar real estate analysis indicates Gap is better positioned than he thought. 2. Michael Kors (KORS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the turnaround in retail is just starting, while sentiment on the shares is "extremely negative." 3. McKesson (MCK) upgraded to Outperform from Neutral at Baird with analyst Eric Coldwell calling his rating change a "tactical/trading call" following the shares' material underperformance, both year-to-date and over the last twelve months. 4. NetApp (NTAP) upgraded to Buy from Neutral at UBS with analyst Steven Milunovich saying NetApp's product position is improved with a re-write of its storage software contributing to all-flash success. 5. Knight-Swift (KNX) resumed with a Buy from Neutral at Citi with analyst Christian Wetherbee saying the truck market recovery appears to be accelerating in the second half of 2017, and Knight-Swift is best levered to an improving truckload market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/17
10/10/17
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. Prudential (PRU) upgraded to Buy from Neutral at FBR Capital. 2. RBS (RBS) was upgraded to Neutral from Sell at Citi and to Neutral from Underperform at Credit Suisse. 3. Palo Alto Networks (PANW) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Keith Weiss saying he sees building traction across the company's portfolio of solutions and he views it as one of the best positioned vendors to execute on an integrated security platform story. 4. Illinois Tool Works (ITW) upgraded to Neutral from Underweight at JPMorgan with analyst Ann Duignan saying organic growth is likely to be better than forecast in the third quarter. 5. McKesson (MCK) upgraded to Outperform from Market Perform at Cowen with analyst Charles Rhyee saying the transition towards differential specialty pricing will drive both earnings growth and multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

SN

Sanchez Energy

$3.72

0.18 (5.08%)

, DF

Dean Foods

$10.13

0.18 (1.81%)

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DF

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ESRT

Empire State Realty

$17.52

-0.08 (-0.45%)

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PNW

Pinnacle West

$80.15

3.41 (4.44%)

20:20
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DIS

Disney

$107.25

2.01 (1.91%)

, MSFT

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$94.06

2.33 (2.54%)

20:05
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MSFT

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INTC

Intel

$47.73

1.93 (4.21%)

NVDA

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$245.93

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MU

Micron

$46.53

2.28 (5.15%)

GOOG

Alphabet

$1,126.79

20.16 (1.82%)

GOOGL

Alphabet Class A

$1,128.09

18.19 (1.64%)

AMZN

Amazon.com

$1,500.00

14.66 (0.99%)

IPG

Interpublic Group

$24.24

0.3 (1.25%)

OMC

Omnicom

$77.31

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PUBGY

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$18.82

0.09 (0.48%)

WPP

WPP

$95.30

0.93 (0.99%)

DBX

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TWX

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$94.70

0.33 (0.35%)

SSNLF

Samsung

QCOM

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$63.32

1.14 (1.83%)

DLB

Dolby

$62.26

0.4 (0.65%)

DAL

Delta Air Lines

$53.46

0.91 (1.73%)

HTZ

Hertz

$20.66

0.1 (0.49%)

MET

MetLife

$47.47

0.84 (1.80%)

CB

Chubb

$144.01

0.94 (0.66%)

TRUE

TrueCar

$11.38

0.04 (0.35%)

SYMC

Symantec

$27.43

0.45 (1.67%)

CAR

Avis Budget

$45.83

1.63 (3.69%)

UAL

United Continental

$67.57

0.87 (1.30%)

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RNWK

RealNetworks

$2.75

0.03 (1.10%)

20:05
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RealNetworks, CIBN OTT TV enter next phase of strategic partnership »

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TWX

Time Warner

$94.70

0.33 (0.35%)

, CMCSA

Comcast

$39.50

0.7 (1.80%)

18:33
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Box Office Battle: 'Black Panther' stays at number 1 with record $108M »

Disney (DIS) and Marvel…

TWX

Time Warner

$94.70

0.33 (0.35%)

CMCSA

Comcast

$39.50

0.7 (1.80%)

CMCSK

Comcast

SNE

Sony

$50.23

0.38 (0.76%)

FOX

21st Century Fox

$37.62

0.89 (2.42%)

FOXA

21st Century Fox

$38.01

0.85 (2.29%)

LGF.A

Lionsgate

$28.44

0.47 (1.68%)

DIS

Disney

$107.25

2.01 (1.91%)

VIAB

Viacom

$33.74

0.81 (2.46%)

VIA

Viacom

$39.00

0.85 (2.23%)

03/08/13
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S

Sprint

$5.30

0.07 (1.34%)

, SNCR

Synchronoss

$9.44

0.57 (6.43%)

18:22
02/25/18
02/25
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18:22
Hot Stocks
Sprint selects Synchronoss to lead digital transformation »

Synchronoss Technologies…

S

Sprint

$5.30

0.07 (1.34%)

SNCR

Synchronoss

$9.44

0.57 (6.43%)

03/08/13
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  • 05

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DDAIF

Daimler AG

$88.06

1.81 (2.10%)

18:04
02/25/18
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18:04
Periodicals
Daimler, BAIC to invest $2B in Chinese factory, Reuters reports »

Daimler and BAIC are…

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BA

Boeing

$356.66

0.74 (0.21%)

, ERJ

Embraer

$27.83

0.43 (1.57%)

18:00
02/25/18
02/25
18:00
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18:00
Periodicals
Boeing to have 51% stake in venture with Embraer, Reuters reports »

Boeing (BA) will have a…

BA

Boeing

$356.66

0.74 (0.21%)

ERJ

Embraer

$27.83

0.43 (1.57%)

03/08/13
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SSNLF

Samsung

17:57
02/25/18
02/25
17:57
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17:57
Periodicals
New Samsung Galaxy S9 focusing on social media, Reuters reports »

Samsung has unveiled its…

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GE

General Electric

$14.49

-0.01 (-0.07%)

17:54
02/25/18
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17:54
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Periodicals
General Electric to restate earnings for 2016/2017, Reuters reports »

General Electric said in…

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XOM

Exxon Mobil

$77.53

1.67 (2.20%)

17:49
02/25/18
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17:49
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17:49
Periodicals
Exxon Mobil shuts PNG gas conditioning plant amid earthquake, Reuters reports »

Exxon Mobil shut the…

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QCOM

Qualcomm

$63.32

1.14 (1.83%)

17:49
02/25/18
02/25
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17:49
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Qualcomm Network simulation shows significant 5G user experience gains »

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AYX

Alteryx

$33.38

-0.37 (-1.10%)

17:45
02/25/18
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Alteryx acquires partner in Australia »

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MSFT

Microsoft

$94.06

2.33 (2.54%)

17:43
02/25/18
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Packerland, Microsoft to deliver broadband internet to rural communities »

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DLB

Dolby

$62.26

0.4 (0.65%)

, SSNLF

Samsung

17:42
02/25/18
02/25
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17:42
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Dolby brings Dolby Atmos Immersive Sound on Samsung mobile devices »

Dolby Laboratories (DLB)…

DLB

Dolby

$62.26

0.4 (0.65%)

SSNLF

Samsung

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QCOM

Qualcomm

$63.32

1.14 (1.83%)

, SSNLF

Samsung

17:38
02/25/18
02/25
17:38
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17:38
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Qualcomm Snapdragon powers advanced connectivity on Samsung Galaxy S9, S9+ »

Qualcomm Technologies, a…

QCOM

Qualcomm

$63.32

1.14 (1.83%)

SSNLF

Samsung

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USM

U.S. Cellular

$36.41

3.65 (11.14%)

, SSNLF

Samsung

17:34
02/25/18
02/25
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17:34
Hot Stocks
U.S. Cellular offers up to $350 off Samsung Galaxy S9, S9+ »

New and current device…

USM

U.S. Cellular

$36.41

3.65 (11.14%)

SSNLF

Samsung

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  • 05

    Mar

ICL

ICL

$4.43

0.08 (1.84%)

17:31
02/25/18
02/25
17:31
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17:31
Hot Stocks
ICL board approves appointment of Raviv Zoller as new CEO »

ICL's Board approved…

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LJPC

La Jolla

$32.15

-0.46 (-1.41%)

17:28
02/25/18
02/25
17:28
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17:28
Hot Stocks
Giapreza significantly improved survival of patients with High APACHE II scores »

La Jolla Pharmaceutical…

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  • 28

    Feb

NOK

Nokia

$5.80

0.09 (1.58%)

, COMM

CommScope

$38.73

0.48 (1.25%)

17:24
02/25/18
02/25
17:24
02/25/18
17:24
Hot Stocks
CommScope collaborates with Nokia on MIMO integrated antenna »

CommScope (COMM) has…

NOK

Nokia

$5.80

0.09 (1.58%)

COMM

CommScope

$38.73

0.48 (1.25%)

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NOK

Nokia

$5.80

0.09 (1.58%)

17:22
02/25/18
02/25
17:22
02/25/18
17:22
Hot Stocks
Nokia to acquire software company Unium »

Nokia announced plans to…

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CHL

China Mobile

$47.89

0.16 (0.34%)

, NOK

Nokia

$5.80

0.09 (1.58%)

17:19
02/25/18
02/25
17:19
02/25/18
17:19
Hot Stocks
Nokia, China Mobile to explore use of 5G to drive new business opportunities »

Nokia (NOK) and China…

CHL

China Mobile

$47.89

0.16 (0.34%)

NOK

Nokia

$5.80

0.09 (1.58%)

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VOD

Vodafone

$28.96

0.6 (2.12%)

, NOK

Nokia

$5.80

0.09 (1.58%)

17:17
02/25/18
02/25
17:17
02/25/18
17:17
Hot Stocks
Nokia deploying 5G for Vodafone Italy's 5G trial in Milan »

Nokia (NOK) and Vodafone…

VOD

Vodafone

$28.96

0.6 (2.12%)

NOK

Nokia

$5.80

0.09 (1.58%)

03/08/13
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  • 05

    Mar

NOK

Nokia

$5.80

0.09 (1.58%)

, FB

Facebook

$183.29

4.3 (2.40%)

17:15
02/25/18
02/25
17:15
02/25/18
17:15
Hot Stocks
Nokia, Facebook working to expand ecosystem for Fixed Wireless Access over 60GHz »

Nokia (NOK) and Facebook…

NOK

Nokia

$5.80

0.09 (1.58%)

FB

Facebook

$183.29

4.3 (2.40%)

03/08/13
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