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ABBV

AbbVie

$114.05

0.97 (0.86%)

12:40
02/15/18
02/15
12:40
02/15/18
12:40

AbbVie trading halted, news pending

  • 16

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  • 08

    Mar

ABBV AbbVie
$114.05

0.97 (0.86%)

01/30/18
01/30/18
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. AbbVie (ABBV) downgraded to Underperform from Market Perform by analyst Alex Arfaei, who said the risk/reward has "meaningfully changed" after the rise in the stock price, adding that the new focus on fundamentals beyond the benefits of tax reform suggests "significant price erosion in immunology driven by interchangeable biosimilar anti-TNFs, and lower effectiveness of the 'Rebate Trap' to block access to cheap biosimilars". 2. iRobot (IRBT) downgraded to Neutral from Buy at Sidoti by analyst Frank Camma, who cited valuation as shares approach his $98 price target. 3. Horizon Global (HZN) downgraded to Market Perform from Outperform at BMO Capital by analyst Gerrick Johnson, who said that while he still sees "strong demand in key end markets," operation execution, rising input costs, and high debt levels are concerning. The analyst added that the company may have "lost the faith of investors" after a 30% drop in the stock price following the guidance cut. 4. Yum! Brands (YUM) downgraded to Neutral from Buy at Nomura Instinet by analyst Mark Kalinowshi, who cited valuation and concerns a possible 2018 slowdown in U.S. same-store-sales. 5. Alaska Air (ALK) downgraded to Underweight from Neutral at JPMorgan by analyst Jamie Baker, who noted that the airline is the only name where he had to cut his 2019 estimates. He also believes the company "remains in the United crosshairs in San Francisco." The analyst also downgraded Southwest (LUV) to Neutral from Overweight, and said he believes better relative value exists elsewhere in the Airlines sector. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/31/18
JEFF
01/31/18
NO CHANGE
JEFF
Jefferies sees neutral impact on Biotech from State of the Union
Jefferies analyst Michael Yee sees a net neutral impact on Biotech stocks from President Trump's State of the Union speech last night. During the speech, Trump made comments about making lower drug prices a "priority" for the year, Yee tells investors in a research not titled "Drug Pricing Comments Not New or Surprising - But a Reminder of Rhetoric." The President, however, also commented on broader access to novel clinical trial drugs, Yee points out. After a "strong biotech rally" in January, the analyst assumes the sector, "at some point," will have some relative near-term pullback either on uncertainty about Trump commentary or some consolidation. Some of the analyst's Buy-rated names include AbbVie (ABBV), Amgen (AMGN), Eli Lilly (LLY) and Gilead Sciences (GILD).
02/02/18
ARGS
02/02/18
NO CHANGE
Target $145
ARGS
Buy
AbbVie price target raised to $145 from $120 at Argus
Argus analyst David Toung raised his price target on AbbVie to $145 and kept his Buy rating after a "solid" Q4 earnings report that also included a substantial boost from lower tax rates. Toung says AbbVie is likely to submit more applications for new products and expanded indications of existing drugs this year as it develops new growth drivers such as Imbruvica and Mavyret to complement the current large contribution from Humira.
02/05/18
JEFF
02/05/18
NO CHANGE
Target $25
JEFF
Hold
Acorda remains takeover candidate after competitor data, says Jefferies
Jefferies analyst Michael Yee believes the positive Phase III topline results from Acorda Therapeutics (ACOR) competitor Sunovion for APL-130277 in Parkinson's patients came in as expected. While APL-130277 data compares favorably over Inbrija's 3.92 point difference at week 12, Yee cautions to compare directly head-to-head since patient baseline characteristics could be different. Acorda remains a "reasonably likely" acquisition candidate in 2018 given its $300M-$500M-plus Parkinson's asset Inbrija, Yee tells investors in a research note. The analyst does not think Biogen (BIIB) should buy the company, but sees other potential suitors in AbbVie (ABBV), Allergan (AGN), Mitsubishi, Roche (RHHBY) and Shire (SHPG). He believes a takeover price could be north of $2B. Yee keeps a Hold rating on Acorda with a $25 price target.

TODAY'S FREE FLY STORIES

TSE

Trinseo

$81.05

-0.3 (-0.37%)

16:46
02/19/18
02/19
16:46
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16:46
Earnings
Trinseo reports 2017 adjusted EPS $8.13, consensus $7.98 »

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TSE

Trinseo

$81.05

-0.3 (-0.37%)

16:44
02/19/18
02/19
16:44
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16:44
Earnings
Trinseo reports Q4 adjusted EPS $2.14, consensus $2.06 »

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XOM

Exxon Mobil

$76.54

0.33 (0.43%)

16:37
02/19/18
02/19
16:37
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16:37
Periodicals
Exxon Mobil acquires 2.5% stake in BTC oil pipeline, Reuters reports »

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BABA

Alibaba

$183.68

-3.77 (-2.01%)

, TCEHY

Tencent

$58.22

-0.4 (-0.68%)

16:31
02/19/18
02/19
16:31
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16:31
Periodicals
Alibaba, Tencent on $10B retail battle, Reuters reports »

Alibaba (BABA) and…

BABA

Alibaba

$183.68

-3.77 (-2.01%)

TCEHY

Tencent

$58.22

-0.4 (-0.68%)

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DDAIF

Daimler AG

$90.29

0.37 (0.41%)

16:27
02/19/18
02/19
16:27
02/19/18
16:27
Periodicals
Mercedes-Benz cars' software designed to pass emissions test, Bloomberg reports »

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AAPL

Apple

$172.43

-0.56 (-0.32%)

16:18
02/19/18
02/19
16:18
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16:18
Periodicals
Apple iPhone losing out to Chinese devices in Asia, WSJ reports »

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BLK

BlackRock

$541.10

0.45 (0.08%)

16:13
02/19/18
02/19
16:13
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16:13
Periodicals
BlackRock upgrades outlook for stocks on earnings momentum, Reuters says »

BlackRock upgraded its…

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FB

Facebook

$177.36

-2.6 (-1.44%)

16:06
02/19/18
02/19
16:06
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16:06
Periodicals
Facebook increasing security team size following Russia indictment, Axios says »

Facebook reiterated it is…

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SNHY

Sun Hydraulics

$55.48

-0.74 (-1.32%)

16:02
02/19/18
02/19
16:02
02/19/18
16:02
Hot Stocks
Sun Hydraulics announces acquisition of Faster Group »

Sun Hydraulics announced…

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CCL

Carnival

$69.50

-0.1 (-0.14%)

15:59
02/19/18
02/19
15:59
02/19/18
15:59
Hot Stocks
Carnival Fascination resumes year-round service from San Juan »

Carnival Fascination…

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LUV

Southwest

$58.27

0.09 (0.15%)

15:58
02/19/18
02/19
15:58
02/19/18
15:58
Hot Stocks
Southwest Cargo team to begin shipping internationally in spring 2018 »

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PPG

PPG

$116.16

-0.03 (-0.03%)

15:55
02/19/18
02/19
15:55
02/19/18
15:55
Hot Stocks
PPG appoints senior business director, mobility »

PPG announced that Ranju…

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CUB

Cubic

15:51
02/19/18
02/19
15:51
02/19/18
15:51
Hot Stocks
Cubic announces semiannual dividend »

Cubic announced that its…

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CREE

Cree

$36.71

0.21 (0.58%)

15:48
02/19/18
02/19
15:48
02/19/18
15:48
Hot Stocks
Cree names Thomas Wessel as senior vice president of Global Sales and Marketing »

Cree announces the…

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  • 26

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DB

Deutsche Bank

$16.08

-0.03 (-0.19%)

13:59
02/19/18
02/19
13:59
02/19/18
13:59
Upgrade
Deutsche Bank rating change at BofA/Merrill »

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MNLO

Menlo Therapeutics

$34.88

-0.44 (-1.25%)

13:59
02/19/18
02/19
13:59
02/19/18
13:59
Initiation
Menlo Therapeutics initiated at Guggenheim »

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SHPG

Shire

$134.06

-1.24 (-0.92%)

13:58
02/19/18
02/19
13:58
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13:58
Downgrade
Shire rating change at JPMorgan »

Shire downgraded to…

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CVR

Chicago Rivet & Machine

$31.62

-0.0725 (-0.23%)

13:48
02/19/18
02/19
13:48
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13:48
Hot Stocks
Chicago Rivet & Machine announces increase in quarterly cash dividend »

On February 19, 2018 the…

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NBL

Noble Energy

$26.28

-0.09 (-0.34%)

13:46
02/19/18
02/19
13:46
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13:46
Hot Stocks
Noble announces execution of gas sales agreements for export of gas to Egypt »

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TOT

Total

$57.13

0.29 (0.51%)

13:43
02/19/18
02/19
13:43
02/19/18
13:43
Hot Stocks
Total signs definitive agreements with Borealis, NOVA Chemicals to form JV »

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SYY

Sysco

$60.00

0.63 (1.06%)

13:39
02/19/18
02/19
13:39
02/19/18
13:39
Hot Stocks
Sysco acquires Doerle Food Services »

Sysco announced it has…

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  • 19

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SBGI

Sinclair Broadcast

$36.30

-0.95 (-2.55%)

, CMCSA

Comcast

$39.79

-0.29 (-0.72%)

13:36
02/19/18
02/19
13:36
02/19/18
13:36
Hot Stocks
Sinclair announces renewals of NBC affiliation agreements »

Sinclair Broadcast (SBGI)…

SBGI

Sinclair Broadcast

$36.30

-0.95 (-2.55%)

CMCSA

Comcast

$39.79

-0.29 (-0.72%)

CMCSK

Comcast

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III

Information Services

$4.24

-0.02 (-0.47%)

13:33
02/19/18
02/19
13:33
02/19/18
13:33
Hot Stocks
Information Services releases first client-facing mobile app »

Information Services…

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CAT

Caterpillar

$156.29

-3.69 (-2.31%)

13:24
02/19/18
02/19
13:24
02/19/18
13:24
Hot Stocks
Tony Fassino appointed vice president of Caterpillar's BCP division »

Caterpillar announced…

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CE

Celanese

$102.49

-0.16 (-0.16%)

13:22
02/19/18
02/19
13:22
02/19/18
13:22
Hot Stocks
Celanese CFO Chris Jensen steps down, Scott Richardson to succeed »

Celanese announced that…

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