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CELG

Celgene

$104.99

-1.69 (-1.58%)

10:27
01/08/18
01/08
10:27
01/08/18
10:27

Celgene acquisition has 'interesting' upside potential, says Canaccord

After Celgene announced a deal to acquire Impact Biosciences for up to $7B, including an upfront payment of $1.1B, Canaccord analyst John Newman said the latter's JAK2 asset for myelofibrosis, fedratinib, showed an "interesting" 55% response rate in patients resistant or intolerant to Jakafi, which provides an immediately approvable FDA indication. This "carefully structured transaction" provides Celgene with substantial upside, assuming FDA approval, said Newman, who keeps a Buy rating and $140 price target on Celgene shares.

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CELG Celgene
$104.99

-1.69 (-1.58%)

01/03/18
WELS
01/03/18
UPGRADE
Target $53
WELS
Outperform
Arena Pharmaceuticals upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Jim Birchenough upgraded Arena Pharmaceuticals (ARNA) to Outperform and raised his price target for the shares to $53 from $19. The stock closed yesterday up 7% to $36.21. An improved FDA environment could facilitate approval of ralinepag in pulmonary arterial hypertension, Birchenough tells investors in a research note. He's upgrading the shares ahead of the Phase 2 data for S1P modulator etrasimod in ulcerative colitis. The analyst believes recent data from Celgene's (CELG) competing S1P modulator ozanimod "lowers the bar for differentiation." Both of Arena's assets "could attract large Pharma interest," Birchenough adds.
01/05/18
BOFA
01/05/18
DOWNGRADE
BOFA
Neutral
Celgene downgraded to Neutral from Buy at BofA/Merrill
01/05/18
BOFA
01/05/18
DOWNGRADE
BOFA
Neutral
Celgene downgraded to Neutral due to limited growth at BofA/Merrill
BofA/Merrill analyst Ying Huang upgraded Neutral from Buy and lowered its price target to $120 from $129 due to lack of catalysts, headwinds from Revlimid competition, and reduced product sales expectations.
01/08/18
DBAB
01/08/18
NO CHANGE
Target $110
DBAB
Buy
Celgene deal 'incremental negative' for Incyte, says Deutsche Bank
Deutsche Bank analyst Navin Jacob calls Celgene's (CELG) acquisition of Impact Biomedicines "one step" in the right direction. The analyst estimates Impact's Jak2 inhibitor fedratinib can achieve 20% of peak Jakafi sales in myelofibrosis and polycythemia vera, which translates to $1B. The asset fits Celgene's business and the $2.4B that the company is paying over the next two years "doesn't appear egregious for a commercial ready asset," Jacob tells investors in a research note. The analyst also views Celgene's acquisition as an "incremental negative" for Incyte (INCY). Given direct overlap, any future potential acquisition of Incyte by Celgene has been removed, Jacob contends. He keeps a Hold rating on Celgene with a $110 price target.

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ADP

ADP

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$40.12

0.48 (1.21%)

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MSFT

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Oracle

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Paycom

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PCTY

Paylocity

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SAP

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Ultimate Software

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WDAY

Workday

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HBI

Hanesbrands

$22.94

-0.26 (-1.12%)

12:50
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Hanesbrands puts and calls drawing interest Monday »

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INTC

Intel

$45.47

0.66 (1.47%)

12:45
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Intel found root cause for Broadwell and Haswell platform issues »

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QD

Qudian

$12.50

0.1 (0.81%)

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Qudian Inc call volume above normal and directionally bullish »

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INTC

Intel

$44.82

0.34 (0.76%)

12:44
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Breaking Hot Stocks news story on Intel »

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INTC

Intel

$44.82

0.34 (0.76%)

12:43
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Breaking Hot Stocks news story on Intel »

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BAC

Bank of America

$31.76

0.04 (0.13%)

12:43
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Periodicals
Bank of America eliminates remaining free-checking eBanking accounts, WSJ says »

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MS

Morgan Stanley

$57.02

-0.44 (-0.77%)

12:38
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Breaking Hot Stocks news story on Morgan Stanley »

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CAR

Avis Budget

$45.78

2.43 (5.61%)

12:35
01/22/18
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12:35
Options
Avis Budget put volume heavy and directionally bearish »

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AKTX

Akari Therapeutics

$3.59

-0.01 (-0.28%)

12:30
01/22/18
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12:30
Conference/Events
Akari Therapeutics management to meet with William Blair »

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Conference/Events
UBS REITs analyst holds an analyst/industry conference call »

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OMER

Omeros

$16.70

-0.02 (-0.12%)

12:24
01/22/18
01/22
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12:24
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Omeros off highs following cautious Twitter mention »

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SPY

SPDR S&P 500 ETF Trust

$281.54

1.125 (0.40%)

, SPX

S&P 500

12:21
01/22/18
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12:21
General news
Breaking General news story on SPDR S&P 500 ETF Trust, S&P 500 »

Schumer says deal reached…

SPY

SPDR S&P 500 ETF Trust

$281.54

1.125 (0.40%)

SPX

S&P 500

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AMD

AMD

$12.59

0.12 (0.96%)

12:20
01/22/18
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12:20
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AMD attracts a bullish three-way spread before shares tick higher »

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BG

Bunge

$80.40

2.84 (3.66%)

, ADM

Archer Daniels

$42.21

1.2505 (3.05%)

12:19
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Recommendations
Bunge, Archer Daniels, Glencore analyst commentary  »

Credit Suisse says Archer…

BG

Bunge

$80.40

2.84 (3.66%)

ADM

Archer Daniels

$42.21

1.2505 (3.05%)

GLNCY

Glencore

$11.29

-0.02 (-0.18%)

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$NSD

NASDAQ Market Internals

12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

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NYSE market internals summary »

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K

Kellogg

$66.78

0.16 (0.24%)

12:15
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Options
Kellogg put volume heavy and directionally bearish »

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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

BIVV

Bioverativ

$64.11

1.36 (2.17%)

, JUNO

Juno Therapeutics

$67.81

-3.56 (-4.99%)

12:08
01/22/18
01/22
12:08
01/22/18
12:08
General news
On The Fly: Top stock stories at midday »

Stocks opened mixed, with…

BIVV

Bioverativ

$64.11

1.36 (2.17%)

JUNO

Juno Therapeutics

$67.81

-3.56 (-4.99%)

VR

Validus

$67.50

20.775 (44.47%)

SNY

Sanofi

$43.23

-1.37 (-3.07%)

CELG

Celgene

$102.65

0.93 (0.91%)

AIG

AIG

$61.03

-0.525 (-0.85%)

IDRA

Idera Pharmaceuticals

$2.55

0.145 (6.03%)

BCRX

BioCryst

$5.59

-0.09 (-1.58%)

SANM

Sanmina

$35.45

0.5 (1.43%)

ARRY

Array BioPharma

$13.14

0.26 (2.02%)

FE

FirstEnergy

$33.23

3.83 (13.03%)

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SPX

S&P 500

, SPY

SPDR S&P 500 ETF Trust

$281.18

0.765 (0.27%)

12:00
01/22/18
01/22
12:00
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12:00
Periodicals
Senators have enough votes to end government shutdown, NBC reports 

Reference Link

SPX

S&P 500

SPY

SPDR S&P 500 ETF Trust

$281.18

0.765 (0.27%)

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BIVV

Bioverativ

$64.11

1.36 (2.17%)

, SNY

Sanofi

$43.22

-1.385 (-3.11%)

12:00
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01/22
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12:00
Hot Stocks
Hemophilia makers jump after Sanofi acquires peer Bioverativ for huge premium »

Shares of drug companies…

BIVV

Bioverativ

$64.11

1.36 (2.17%)

SNY

Sanofi

$43.22

-1.385 (-3.11%)

PFE

Pfizer

$36.88

-0.06 (-0.16%)

JNJ

Johnson & Johnson

$147.21

-0.15 (-0.10%)

ALNY

Alnylam

$124.83

0.84 (0.68%)

CBIO

Catalyst Biosciences

$19.49

0.86 (4.62%)

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IRIX

IRIDEX

$7.46

-0.11 (-1.45%)

12:00
01/22/18
01/22
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12:00
Hot Stocks
BlueLine Partners reports 8.5% passive stake in IRIDEX »

In a regulatory filing,…

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OLN

Olin

$37.04

0.155 (0.42%)

12:00
01/22/18
01/22
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12:00
Options
Opening activity in Olin calls »

Opening activity in Olin…

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BK

BNY Mellon

$57.21

0.6 (1.06%)

11:58
01/22/18
01/22
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11:58
Hot Stocks
BNY Mellon to launch FX prime brokerage service »

BNY Mellon announced…

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