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CAH

Cardinal Health

$59.34

1.78 (3.09%)

15:15
11/29/17
11/29
15:15
11/29/17
15:15

Cardinal Health put volume heavy and directionally bearish

Bearish flow noted in Cardinal Health with 2,090 puts trading, or 2x expected. Most active are Dec-17 60 puts and Dec-17 59.5 puts, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 1.61, while ATM IV is up over 1 point on the day. Earnings are expected on February 7th.

  • 29

    Nov

  • 30

    Nov

CAH Cardinal Health
$59.34

1.78 (3.09%)

11/15/17
11/15/17
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. Snap (SNAP) downgraded to Market Perform from Outperform at JMP Securities with analyst Ronald Josey citing its slowing daily active user growth and the risk that its pending app redesign could further impact DAUs. 2. Johnson Controls (JCI) downgraded to Neutral from Positive at Susquehanna with analyst Robert Barry citing rising margin pressures, a weaker earnings growth outlook and less apparent upside to multiples. 3. Cardinal Health (CAH) downgraded to Hold from Buy at Argus with analyst David Toung saying price deflation in generic drugs may continue to pressure pharma distribution margins which already fell for eight consecutive quarters. 4. Cenovus Energy (CVE) downgraded to Sector Perform from Outperform at Scotiabank. 5. TechnipFMC (FTI) downgraded to Reduce from Hold at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/20/17
MSCO
11/20/17
DOWNGRADE
MSCO
Underweight
Cardinal Health downgraded to Underweight from Equal Weight at Morgan Stanley
11/20/17
11/20/17
DOWNGRADE
Target $51

Underweight
Cardinal Health cut to sell on outsized Amazon risk at Morgan Stanley
As previously reported, Morgan Stanley analyst Ricky Goldwasser downgraded Cardinal Health (CAH) to Underweight, the firm's equivalent to a sell rating, from Equal Weight. It has become clear that Amazon (AMZN) is looking to scale its medical supply distribution efforts and Cardinal's potential earnings risk from Amazon's effort is outsized compared to peers and still underappreciated, said Goldwasser, who added that "price competition is likely a matter of time" as Amazon builds its infrastructure. He cut his price target on Cardinal to $51 from $72.
11/20/17
11/20/17
NO CHANGE

Amazon disruption of healthcare 'a foregone conclusion,' says Morgan Stanley
Morgan Stanley's U.S. Internet and Healthcare teams collaborated on a report exploring Amazon's (AMZN) entry into healthcare, stating that it will likely take time but that the e-commerce giant's "disruption of healthcare is a foregone conclusion." While retail plays to Amazon's strengths with the highest profits and lowest barriers to entry, retailers like CVS (CVS) and Walgreens (WBA) have the most opportunities to adjust their business models and lower costs to defend against Amazon, the teams tell investors. Medical supply and Life Sciences distribution are "less rich" targets, but look like "low-hanging fruit," the analysts added. Cardinal Health (CAH) has the most exposure via its medical supply distribution segment, said the firm, which downgraded Cardinal to Underweight from Equal Weight, as previously reported. McKesson (MCK) also has some, but less, risk and AmerisourceBergen (ABC), which doesn't distribute medical supplies, remains immune in the near-term, the firm concluded. Others in healthcare distribution facing the most share and/or margin risk from Amazon include Thermo Fisher (TMO), Henry Schein (HSIC) and Patterson (PDCO), the firm added.

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GM

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KMF

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KYN

Kayne Anderson MLP

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KED

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CSX

CSX

$52.93

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CBOE

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$126.37

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DIS

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DIS

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FOXA

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ALK

Alaska Air

$70.83

1.44 (2.08%)

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ONCE

Spark Therapeutics

$46.37

1.16 (2.57%)

10:42
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  • 12

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