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LLY

Eli Lilly

$82.65

-1.345 (-1.60%)

, PETX

Aratana Therapeutics

$6.90

0.07 (1.02%)

11:34
11/10/17
11/10
11:34
11/10/17
11:34

Aratana, Elanco announce positive opinion on Galliprant in Europe

Elanco Animal Health, a division of Eli Lilly and Company (LLY) and Aratana Therapeutics (PETX), announced the European Medicine Agency's Committee for Medicinal Products for Veterinary Use adopted a positive opinion to recommend the marketing authorization of GALLIPRANT in the European Union. Following the positive opinion, the European Commission will complete the regulatory process for a final decision on the Marketing Authorisation in early 2018. Galliprant is a first-in-class veterinary medicine that will be indicated for the treatment of pain associated with mild to moderate osteoarthritis in dogs. Grapiprant, the active ingredient in Galliprant, is a non-steroidal non-cyclooxygenase inhibiting anti-inflammatory drug. Elanco has exclusive rights to develop, manufacture, market and commercialize Galliprant globally, and it co-promotes the product with Aratana in the United States.

LLY

Eli Lilly

$82.65

-1.345 (-1.60%)

PETX

Aratana Therapeutics

$6.90

0.07 (1.02%)

LLY Eli Lilly
$82.65

-1.345 (-1.60%)

10/24/17
PIPR
10/24/17
NO CHANGE
Target $107
PIPR
Overweight
Eli Lilly Humalog fears overblown, says Piper Jaffray
Piper Jaffray analyst Richard Purkiss attributes Eli Lilly's (LLY) post-earnings decline to further anxiety around price competition in the U.S. diabetes segment after the company said on its earnings call that it will not challenge Sanofi's (SNY) biosimilar for Humalog. However, he sees these concerns as substantially overdone, pointing to the 39% year-over-year growth reported in Q3 for the diabetes franchise, and view today's pullback as a clear buying opportunity. Purkiss keeps an Overweight rating on Eli Lilly and raised his price target on the stock to $107 from $105.
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.
10/10/17
10/10/17
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. HSBC (HSBC) downgraded to Underperform from Neutral at Credit Suisse with analyst Sanjay Jain citing valuation. 2. Jabil Circuit (JBL) downgraded to Sell from Neutral at Goldman Sachs with analyst Mark Delaney saying street expectations, which assume Jabil's earnings grow double digits year-over-year for both of the next two years, are overly optimistic. 3. Carlyle Group (CG) downgraded to Neutral from Buy at Citi with analyst William Katz citing valuation with the shares up 60% year-to-date. 4. Eli Lilly (LLY) downgraded to Neutral from Outperform at Credit Suisse with analyst Vamil Divan saying the valuation looks full with the shares up 13% since mid-August. 5. Ralph Lauren (RL) downgraded to Sell from Hold at Miller Tabak. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
PETX Aratana Therapeutics
$6.90

0.07 (1.02%)

04/13/17
JEFF
04/13/17
NO CHANGE
Target $8
JEFF
Buy
Zoetis deal for Nexvet suggests $9 per share value for Aratana, says Jefferies
After Zoetis (ZTS) announced a deal to buy Nexvet Biopharma for $85M, Jefferies analyst David Gu said the multiple for the deal would suggest a $9 per share valuation for Aratana Therapeutics (PETX), which is also innovative companion animal biotech company. The analyst, who thinks Aratana's Entyce and Nocita would complement the portfolios of an acquirer, keeps a Buy rating and $8 price target on Aratana shares.
02/06/17
STFL
02/06/17
DOWNGRADE
STFL
Hold
Aratana Therapeutics downgraded to Hold from Buy at Stifel

TODAY'S FREE FLY STORIES

SYNA

Synaptics

$38.21

0.57 (1.51%)

04:55
11/18/17
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04:55
Conference/Events
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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

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MKSI

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$103.50

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BRCD

Brocade

IVR

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$17.36

0.07 (0.40%)

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

TCMD

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$25.98

-0.23 (-0.88%)

LMOS

Lumos Networks

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WGL

WGL Holdings

$84.32

-0.14 (-0.17%)

18:01
11/17/17
11/17
18:01
11/17/17
18:01
Earnings
WGL Holdings reports Q4 adjusted EPS (17c), consensus (19c) »

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TCMD

Tactile Systems

$25.98

-0.23 (-0.88%)

, LMOS

Lumos Networks

17:58
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17:58
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Tactile Systems to replace Lumos Networks in S&P 600 at open on 11/22 »

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$25.98

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Lumos Networks

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  • 28

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

, MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

17:56
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17:56
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Hot Stocks
Breaking Hot Stocks news story on Invesco Mortgage, MKS Instruments »

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IVR

Invesco Mortgage

$17.36

0.07 (0.40%)

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

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MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

, BRCD

Brocade

17:55
11/17/17
11/17
17:55
11/17/17
17:55
Hot Stocks
MKS Instruments to replace Brocade in S&P 400 at open on 11/22 »

S&P 500 constituent…

MKSI

MKS Instruments

$103.50

-0.35 (-0.34%)

BRCD

Brocade

AVGO

Broadcom

$271.86

-0.25 (-0.09%)

03/08/13
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  • 06

    Dec

UQM

UQM Technologies

$1.18

0.015 (1.29%)

17:24
11/17/17
11/17
17:24
11/17/17
17:24
Syndicate
Breaking Syndicate news story on UQM Technologies »

UQM Technologies files to…

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GS

Goldman Sachs

$238.02

-1.35 (-0.56%)

17:23
11/17/17
11/17
17:23
11/17/17
17:23
Periodicals
Goldman Sachs has $510M lawsuit dismissed, Reuters reports »

A $510M lawsuit that…

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VICL

Vical

$1.94

-0.02 (-1.02%)

17:18
11/17/17
11/17
17:18
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17:18
Hot Stocks
Breaking Hot Stocks news story on Vical »

Biotechnology Value Fund…

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:18
11/17/17
11/17
17:18
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17:18
Hot Stocks
Ligand director sells 5,000 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
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11/17
17:17
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Hot Stocks
Ligand CFO sells 6,559 common shares »

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LGND

Ligand

$140.31

-1.4 (-0.99%)

17:17
11/17/17
11/17
17:17
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Hot Stocks
Ligand CEO sells 5,269 common shares »

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MBI

MBIA

$9.01

0.13 (1.46%)

17:15
11/17/17
11/17
17:15
11/17/17
17:15
Hot Stocks
Breaking Hot Stocks news story on MBIA »

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RBCN

Rubicon

$8.07

0.1218 (1.53%)

17:03
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Breaking Hot Stocks news story on Rubicon »

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ANCB

Anchor Bancorp

$24.75

-0.1 (-0.40%)

17:02
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Anchor Bancorp announces stock repurchase program, 10b5-1 trading plan »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:58
11/17/17
11/17
16:58
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16:58
Syndicate
Breaking Syndicate news story on Gulf Island Fabrication »

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MPB

Mid Penn Bancorp

$31.09

0.59 (1.93%)

16:51
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Mid Penn Bancorp, Scottdale shareholders approve merger »

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CALD

Callidus Software

$28.95

0.3 (1.05%)

16:49
11/17/17
11/17
16:49
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Initiation
Callidus Software initiated at First Analysis »

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GIFI

Gulf Island Fabrication

$12.30

-0.1 (-0.81%)

16:46
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11/17
16:46
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Hot Stocks
Breaking Hot Stocks news story on Gulf Island Fabrication »

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GE

General Electric

$18.21

-0.04 (-0.22%)

16:42
11/17/17
11/17
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Hot Stocks
General Electric CEO acquires 60,000 common shares »

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NRE

Northstar Realty Europe

$14.20

0.05 (0.35%)

16:33
11/17/17
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16:33
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Syndicate
Breaking Syndicate news story on Northstar Realty Europe »

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FHN

First Horizon

$18.40

0.1 (0.55%)

, CBF

Capital Bank

$39.95

0.25 (0.63%)

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Hot Stocks
First Horizon, Capital Bank agree to sell two branches to Apex Bank »

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FHN

First Horizon

$18.40

0.1 (0.55%)

CBF

Capital Bank

$39.95

0.25 (0.63%)

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LII

Lennox

$194.25

-0.75 (-0.38%)

16:32
11/17/17
11/17
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Hot Stocks
Lennox executive sells 2,500 common shares »

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TBNK

Territorial Bancorp

$30.99

0.21 (0.68%)

16:31
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11/17
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Hot Stocks
Territorial Bancorp declares special cash dividend of 30c per share »

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TRTN

Triton International

$40.07

-0.77 (-1.89%)

16:30
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Triton International's Hanau sells 10,000 common shares »

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