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RHHBY

Roche

$31.01

-0.44 (-1.40%)

06:32
10/19/17
10/19
06:32
10/19/17
06:32

Roche reports nine months group sales CHF39.43B vs. CHF37.51B last year

Group sales rose 5% to CHF 39.4 billion. Sales in the Pharmaceuticals Division increased 5% to CHF 30.6 billion. The recently launched medicines Ocrevus, Tecentriq and Alecensa contributed CHF 0.9 billion to new sales, accounting for more than half of the division's growth. Perjeta continued its strong sales increase. This was partially offset by lower sales of Tarceva, Avastin and Tamiflu. In the US, overall sales advanced 10%, led by Ocrevus, Tecentriq, Xolair and MabThera. Sales declined 2% in Europe, where lower sales of MabThera and Avastin offset the sales growth of Perjeta and Actemra/RoActemra. In the International region, sales grew by 4%, led by the Latin America and Asia-Pacific subregions. Japanese sales increased 2%. Diagnostics Division sales increased 5% to CHF 8.8 billion.

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RHHBY Roche
$31.01

-0.44 (-1.40%)

10/18/17
10/18/17
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. Chevron (CVX) was downgraded to Hold from Buy at Societe Generale and to Market Perform on valuation at BMO Capital. 2. Ulta Beauty (ULTA) downgraded to Neutral from Overweight at Piper Jaffray with analyst Erinn Murphy saying her firm's Fall teen survey indicated spending declines in color cosmetics among all female teens. 3. Chipotle (CMG) downgraded to Underperform from Neutral at BofA/Merrill with analyst Gregory Francort saying he believes Chipotle has down a "very good job" managing labor costs but expects further gains to be difficult, combined with the tough sales backdrop, will limit further margin expansion. 4. Roche (RHHBY) downgraded to Neutral from Buy at Citi with analyst Andrew Baum saying Roche's rate of progress in the immuno-oncology field have underperformed. 5. Blackhawk (HAWK) downgraded to Neutral from Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/17
SBSH
10/18/17
DOWNGRADE
SBSH
Neutral
Roche downgraded to Neutral from Buy at Citi
Citi analyst Andrew Baum downgraded Roche to Neutral and removed the shares from his firm's Focus List. Roche's rate of progress in the immuno-oncology field have underperformed, Baum tells investors in a research note. He's also concerned that the impact of biosimilars in Europe will prove more negative to Roche's profits than consensus estimates reflect. The analyst lowered his price target for the shares to SFR 255 from SFR 280.
10/18/17
SBSH
10/18/17
UPGRADE
Target $72
SBSH
Buy
Merck upgraded to Buy from Neutral at Citi
Citi analyst Andrew Baum upgraded Merck (MRK) to Buy and raised his price target for the shares to $72 from $65. The healthcare giant closed yesterday down 12c to $63.22. While Merck's non-Keytruda business continues to erode, the market is undervaluing both the ultimate patient derived xenograft market size and Merck's likely market share with Keytruda, Baum tells investors in a research note. The analyst revised his initial PDx market estimates of $35bn to at least $50bn and increased his 2025 Keytruda forecasts from $9B to$15B. The analyst prefers Eli Lilly (LLY), Bristol-Myers (BMY) and Merck among the U.S. pharmaceutical majors. He also downgraded Roche (RHHBY) this morning to Neutral.
10/16/17
JEFF
10/16/17
NO CHANGE
Target $115
JEFF
Buy
Jefferies ups price target on top global pick AbbVie to $115
Jefferies analyst Jeffrey Holford keeps AbbVie (ABBV) as his top global Pharmaceuticals pick for October, followed by Roche (RHHBY), Novartis (NVS), Bayer (BAYRY), Johnson & Johnson (JNJ), Eli Lilly (LLY) and GlaxoSmithKline (GSK). The analyst raised his price target for AbbVie shares to $115 from $107 and keeps a Buy rating on the name. Among his other target changes include bumping Eli Lilly's to $100 from $96.

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CSCO

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IBM

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GE

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General Electric

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

AT&T

$34.51

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0.71 (0.81%)

T

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NYT

New York Times

$17.65

0.05 (0.28%)

TEX

Terex

$44.82

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TPIC

TPI Composites

$19.06

-0.97 (-4.84%)

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SYNA

Synaptics

$38.21

0.57 (1.51%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

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MKSI

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$103.50

-0.35 (-0.34%)

BRCD

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

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Broadcom

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TCMD

Tactile Systems

$25.98

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LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

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TCMD

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IVR

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
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Goldman Sachs

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LGND

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Ligand

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MBI

MBIA

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RBCN

Rubicon

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0.1218 (1.53%)

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