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JNJ

Johnson & Johnson

$140.68

-0.11 (-0.08%)

, ADHD

Alcobra

$1.27

0.04 (3.25%)

07:15
10/19/17
10/19
07:15
10/19/17
07:15

Arcturus, Johnson & Johnson announce strategic collaboration for RNA medicines

Arcturus Therapeutics announced that it has entered into a research collaboration and worldwide license agreement with Janssen Pharmaceuticals, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ). The two companies will work together to develop and commercialize nucleic acid-based drug products for the treatment of Hepatitis B, using Arcturus' UNA Oligomer chemistry and LUNAR lipid-mediated delivery platform. The agreement also includes an option to expand into other infectious and respiratory diseases. The deal was facilitated by the Johnson & Johnson Innovation center, in California.Under the agreement, Arcturus will receive an upfront cash payment, R&D support, and pre-clinical, development, and sales milestone payments, as well as royalty payments on any future licensed product sales. Janssen will assume responsibility for development costs and all commercialization costs associated with the program. On September 27, Arcturus and Alcobra (ADHD) entered into an agreement and plan of merger and reorganization pursuant to which a wholly-owned subsidiary of Alcobra will merge with and into Arcturus, with Arcturus becoming a wholly-owned subsidiary of Alcobra and the surviving corporation of the merger, and the holders of Arcturus outstanding capital stock immediately prior to the merger will receive ordinary shares representing approximately 60% of the outstanding shares of Alcobra.

JNJ

Johnson & Johnson

$140.68

-0.11 (-0.08%)

ADHD

Alcobra

$1.27

0.04 (3.25%)

  • 23

    Oct

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    Nov

JNJ Johnson & Johnson
$140.68

-0.11 (-0.08%)

10/18/17
ARGS
10/18/17
NO CHANGE
Target $165
ARGS
Buy
Johnson & Johnson price target raised to $165 from $145 at Argus
Argus analyst David Toung raises his price target on Johnson & Johnson to $165 and kept his Buy rating following Q3 results. Toung says the top-line growth was driven by oncology and immunology drugs, products gained through the Actelion acquisition, and improved performance in the Consumer segment. The analyst is also positive on the company's strategy of boosting growth through acquisitions and shedding of slower-growth businesses.
10/18/17
COWN
10/18/17
NO CHANGE
Target $155
COWN
Outperform
Johnson & Johnson price target raised to $155 from $147 at Cowen
Cowen analyst Joshua Jennings raised his price target on Johnson & Johnson to $155 from $147 following solid Q3 results. The analyst cited the reacceleration of the Pharma group and improvements in the Medical Devices and Consumer units, which he believes will drive sustainable revenue growth. Jennings reiterated his Outperform rating on Johnson & Johnson shares.
10/18/17
WELS
10/18/17
NO CHANGE
Target $155
WELS
Outperform
Johnson & Johnson price target $155 from $149 at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen raised his price target for Johnson & Johnson to $155 from $149 after the company reported "strong" Q3 results, driven by top-line acceleration, and raised EPS guidance for the full year. The analyst reiterates an Outperform rating on the shares.
10/18/17
BMOC
10/18/17
NO CHANGE
Target $152
BMOC
Outperform
Johnson & Johnson price target raised to $152 from $145 at BMO Capital
BMO Capital analyst Joanne Wuensch raised her price target on Johnson & Johnson to $152 following a Q3 earnings beat attributed to a strong uptake of recent pharmaceutical launches, FX tailwinds, and gains from divested assets. Wuensch notes there is still room for a turnaround in Medical Devices and Consumer segments, but adds that progress in those franchises is a positive sign, maintaining her Outperform rating.
ADHD Alcobra
$1.27

0.04 (3.25%)

09/29/17
09/29/17
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. DHX Media (DHXM) downgraded to Hold from Buy at Canaccord. 2. Alcobra (ADHD) downgraded to Neutral from Buy at Roth Capital with analyst Michael Higgins citing the company's announcement that it plans to merge with privately-held Arcturus Therapeutics in an all-stock transaction. 3. Scana (SCG) downgraded to Sell from Hold at Williams Capital with analyst Christopher Ellinghaus citing a new shareholder lawsuit accusing the company of manipulating the stock regarding the development of the V.C. Summer nuclear project. 4. Townsquare Media (TSQ) downgraded to Underperform from Buy at BofA/Merrill with analyst Bryan Goldberg citing headwinds and lack of catalysts. 5. Norbord (OSB) downgraded to Underperform from Market Perform at BMO Capital with analyst Ketan Mamtora citing valuation and upcoming OSB supply increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/29/17
ROTH
09/29/17
DOWNGRADE
Target $1
ROTH
Neutral
Alcobra downgraded to Neutral from Buy at Roth Capital
Roth Capital analyst Michael Higgins downgraded Alcobra to Neutral from Buy after the company announced plans to merge with privately-held Arcturus Therapeutics in an all-stock transaction. He cut his rating until he is able to review the financials and capital position of the new company and lowered his price target to $1 from $4.
02/08/17
02/08/17
UPGRADE
Target $4

Buy
Alcobra upgraded to Buy at Roth Capital
As previously reported, Roth Capital analyst Michael Higgins upgraded Alcobra to Buy from Neutral after the company introduced ADAIR, or Abuse Deterrent, Amphetamine Immediate Release, to address the diversion and abuse problem with ADHD medications. With $50M in cash to start 2017, the analyst believes Alcobra is well-funded. He also raised his price target on the shares to $4 from $1.
02/08/17
ROTH
02/08/17
UPGRADE
Target $50
ROTH
Buy
Alcobra upgraded to Buy from Neutral at Roth Capital

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IBM

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General Electric

$18.21

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TWX

Time Warner

$88.72

0.71 (0.81%)

, T

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$34.51

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New York Times

$17.65

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TEX

Terex

$44.82

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TPIC

TPI Composites

$19.06

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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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MKSI

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Lumos Networks

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WGL Holdings

$84.32

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$17.36

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MKSI

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Brocade

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MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

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$1.18

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