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TEVA

Teva

$15.07

0.7535 (5.26%)

15:40
12/07/17
12/07
15:40
12/07/17
15:40

Far downside put buyer opens a position in TEVA as shares head higher

Far downside put buyer opens a position in TEVA as shares head higher. The stock up 71c to $15.03 and 13K Jan2019 7.5 puts trade for 55c when bid-ask was 45 to 57c. Open interest is 4.5K and today's block opens a position struck 50% below the current stock price. The Nov 2nd 52-week low is $11.23 and the stock has not traded for less than $7.50 since 1999. Shares of the Israel-based pharmaceutical company down 58.5% in 2017.

TEVA Teva
$15.07

0.7535 (5.26%)

11/13/17
JPMS
11/13/17
DOWNGRADE
Target $11
JPMS
Underweight
Teva downgraded to Underweight from Neutral at JPMorgan
JPMorgan analyst Chris Schott downgraded Teva Pharmaceuticals to Underweight saying he sees an "extended road to recovery and no clear fundamental inflection in sight" amid challenges in the company's U.S. generics business. The analyst sees more attractive opportunities elsewhere in the sector and keeps an $11 price target for Teva shares.
11/24/17
WELS
11/24/17
NO CHANGE
WELS
Teva in 'survival mode at this point,' says Wells Fargo
Wells Fargo analyst David Maris says Teva is "in survival mode at this point" following reports that the company will soon announce a 20% workforce reduction. Given its "tough" debt position, Teva's nearly 5% share rally in Israel is not surprising, as it encourages some investors that the company will not face a restructuring, Maris tells investors in a research note. The analyst believes, however, that investors "should not confuse a lower cost base as an improvement, but rather steps for surviving longer." Maris thinks asset sales such as key pipeline products and brand products "will also be on the table." He keeps a Market Perform rating on Teva. The stock in premarket trading is up 4%, or 57c, to $14.05.
11/27/17
WELS
11/27/17
NO CHANGE
WELS
Teva CEO seems to have 'axe in each hand,' says Wells Fargo
It seems new CEO Kare Schultz is approaching Teva "with an ax in each hand, not hedge clippers or pruning shears," Wells Fargo analyst David Maris tells investors in a research note titled "New Structure Focused On Survival" following this morning's restructuring announcement. The analyst thinks the market will like the news in the short run, but that "serious questions" will arise longer term as to whether Schultz's approach is "cutting fat or muscle." Maris thinks Teva's leaner finance, regulatory, R&D and human resources capabilities may provide longer-term regulatory challenges. The analyst keeps a Market Perform rating on Teva.
12/06/17
JEFF
12/06/17
NO CHANGE
Target $81
JEFF
Buy
ICER panel vote bodes well for Neurocrine's Ingrezza, says Jefferies
The Institute for Clinical and Economic Review's New England Comparative Effectiveness Public Advisory Council convened yesterday to review clinical and economic evidence on new VMAT2i therapies for tardive dyskinesia, Jefferies analyst Biren Amin tells investors in a research note. The panel addressed the draft report which suggested an 85%-90% discount in prices of Neurocrine Biosciences' (NBIX) Ingrezza and Teva's (TEVA) Austedo were needed to achieve cost-effectiveness by commonly accepted cutoffs. The panel, however, found cumulative evidence of potential significant health benefits for Ingrezza and Austedo not captured in the QALY calculation, the analyst points out. Amin believes the vote bodes well for Ingrezza reimbursement. He keeps a Buy rating on Neurocrine with an $81 price target.

TODAY'S FREE FLY STORIES

JBL

Jabil Circuit

$27.45

-1.08 (-3.79%)

, COST

Costco

$186.53

-1.75 (-0.93%)

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JBL

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$27.45

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COST

Costco

$186.53

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CNC

Centene

$99.02

-2.17 (-2.14%)

DCIX

Diana Containerships

$4.87

-0.37 (-7.06%)

MS

Morgan Stanley

$52.64

-0.54 (-1.02%)

DDR

DDR Corp.

$7.96

-0.11 (-1.36%)

RMBL

RumbleON

$5.30

-0.06 (-1.12%)

SAH

Sonic Automotive

$20.05

-0.95 (-4.52%)

HES

Hess Corp.

$42.67

-1.43 (-3.24%)

FORM

FormFactor

$14.90

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ORCL

Oracle

$50.19

0.14 (0.28%)

VSTM

Verastem

$3.65

-0.15 (-3.95%)

GBT

Global Blood Therapeutics

$39.40

1.05 (2.74%)

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  • 14

    Dec

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AEP

American Electric

$76.29

-0.22 (-0.29%)

17:28
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Breaking Syndicate news story on American Electric »

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SAGE

Sage Therapeutics

$158.03

-6.62 (-4.02%)

17:25
12/14/17
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17:25
Conference/Events
Sage Therapeutics management to meet with RBC Capital »

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  • 14

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ORCL

Oracle

$50.20

0.14 (0.28%)

17:24
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Hot Stocks
Breaking Hot Stocks news story on Oracle »

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  • 14

    Dec

ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:23
12/14/17
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17:23
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17:23
Hot Stocks
Adobe targeting subscription bookings growth of 20% in FY18 »

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  • 14

    Dec

ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:20
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17:20
Hot Stocks
Adobe says advertising cloud had a 'strong' year »

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  • 14

    Dec

ORCL

Oracle

$50.19

0.14 (0.28%)

17:20
12/14/17
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17:20
Hot Stocks
Breaking Hot Stocks news story on Oracle »

Oracle says currency…

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  • 14

    Dec

ORCL

Oracle

$50.19

0.14 (0.28%)

17:19
12/14/17
12/14
17:19
12/14/17
17:19
Earnings
Oracle sees Q3 adjusted EPS 68c-70c, consensus 72c »

Sees Q3 revenue growth of…

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  • 14

    Dec

UBA

Urstadt Biddle

$22.71

-0.48 (-2.07%)

, UBP

Urstadt Biddle Properties Inc.

$18.00

-0.01 (-0.06%)

17:17
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Hot Stocks
Urstadt Biddle raises quarterly dividend by 0.5c to 27c »

At their regular meeting…

UBA

Urstadt Biddle

$22.71

-0.48 (-2.07%)

UBP

Urstadt Biddle Properties Inc.

$18.00

-0.01 (-0.06%)

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ORCL

Oracle

$50.19

0.14 (0.28%)

17:14
12/14/17
12/14
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Hot Stocks
Oracle says customer adoption of cloud products 'remains very strong' »

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  • 14

    Dec

NQ

NQ Mobile

$4.13

0.02 (0.49%)

17:14
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NQ Mobile announces partnership with Chery Automotive »

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  • 17

    Dec

CVX

Chevron

$119.53

-0.4 (-0.33%)

, SLB

Schlumberger

$62.37

-0.93 (-1.47%)

17:12
12/14/17
12/14
17:12
12/14/17
17:12
Periodicals
Chevron near pact with Schlumberger to drill six Brazil wells, Reuters says »

Chevron (CVX) has reached…

CVX

Chevron

$119.53

-0.4 (-0.33%)

SLB

Schlumberger

$62.37

-0.93 (-1.47%)

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  • 19

    Jan

VSTM

Verastem

$3.65

-0.15 (-3.95%)

17:07
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Syndicate
Verastem files to sell $25M of common stock »

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DNR

Denbury Resources

$1.62

0.02 (1.25%)

17:06
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Breaking Syndicate news story on Denbury Resources »

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NCBS

Nicolet Bankshares

$56.52

-1.12 (-1.94%)

17:05
12/14/17
12/14
17:05
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Initiation
Nicolet Bankshares initiated  »

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GALE

Galena

$0.32

0.0399 (14.24%)

17:05
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Galena to adjourn special meeting until Friday, December 29 »

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FDS

FactSet

$202.46

0.44 (0.22%)

17:04
12/14/17
12/14
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Initiation
FactSet initiated  »

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  • 19

    Dec

UTX

United Technologies

$123.76

-0.54 (-0.43%)

17:04
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Hot Stocks
United Technologies awarded $6.7B U.S. Air Force contract »

United Technologies…

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JNPR

Juniper

$28.80

-0.31 (-1.06%)

17:03
12/14/17
12/14
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17:03
Initiation
Juniper initiated  »

Juniper resumed with a…

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CSCO

Cisco

$37.90

-0.25 (-0.66%)

17:03
12/14/17
12/14
17:03
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17:03
Initiation
Cisco initiated  »

Cisco resumed with a Hold…

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  • 17

    Jan

ANET

Arista Networks

$226.72

1.59 (0.71%)

17:02
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Initiation
Arista Networks initiated  »

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  • 26

    Feb

GRA

W.R. Grace

$69.98

-0.46 (-0.65%)

, ALB

Albemarle

$127.58

-2.2 (-1.70%)

17:01
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W.R. Grace to acquire Polyolefin Catalysts unit of Albemarle for $416M »

W.R. Grace (GRA) signed…

GRA

W.R. Grace

$69.98

-0.46 (-0.65%)

ALB

Albemarle

$127.58

-2.2 (-1.70%)

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  • 02

    Mar

LENS

Presbia

$1.93

-0.25 (-11.47%)

16:59
12/14/17
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Presbia executive chairman resigns as company reorders operational priorities »

Presbia announced that it…

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HES

Hess Corp.

$42.67

-1.43 (-3.24%)

16:58
12/14/17
12/14
16:58
12/14/17
16:58
Periodicals
Elliot seeks ouster of Hess Corp. CEO, or sale of company, WSJ reports »

Elliott Management is…

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DDR

DDR Corp.

$7.96

-0.11 (-1.36%)

16:52
12/14/17
12/14
16:52
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16:52
Hot Stocks
Breaking Hot Stocks news story on DDR Corp. »

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