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ABBV

AbbVie

$114.18

1.04 (0.92%)

12:51
02/15/18
02/15
12:51
02/15/18
12:51

AbbVie raises quarterly dividend 35%, authorizes $10B stock buyback

The board of directors of AbbVie increased the company's quarterly cash dividend by 35% from 71c per share to 96c per share and authorized a new $10B stock repurchase program. The cash dividend is payable May 15, 2018 to stockholders of record at the close of business on April 13, 2018. The stock repurchase program supersedes any existing repurchase authorizations. Purchases may be made from time to time in management's discretion. The stock repurchase authorization permits shares to be repurchased in open market or private transactions, has no time limit and may be discontinued at any time.

  • 16

    Feb

  • 08

    Mar

ABBV AbbVie
$114.18

1.04 (0.92%)

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.

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IFF

International Flavors

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QRVO

Qorvo

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ATI

Allegheny Technologies

$26.02

0.065 (0.25%)

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Internap

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DRI

Darden

$108.62

-1.79 (-1.62%)

, CAG

Conagra Brands

$22.91

0.095 (0.42%)

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Earnings
Notable companies reporting before tomorrow's open »

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CAG

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CMC

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-0.06 (-0.37%)

GIII

G-III Apparel

$35.09

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HYMTF

Hyundai Motor

$0.00

(0.00%)

19:51
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19:51
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Hyundai shareholders to vote on Elliott Management dividend demand, Reuters says »

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CVBF

CVB Financial

$21.12

-0.53 (-2.45%)

19:45
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Hot Stocks
CVB Financial raises quarterly dividend to 18c from 14c per share »

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KAMN

Kaman

$57.84

0.345 (0.60%)

19:24
03/20/19
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Kaman exploring sale of distribution segment, Bloomberg says »

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VALE

Vale

$13.49

-0.21 (-1.53%)

19:19
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19:19
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Vale suspends operations at Alegria mine in Mariana complex on preventive basis »

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EQH

AXA Equitable

$20.84

-0.565 (-2.64%)

19:12
03/20/19
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19:12
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19:12
Syndicate
AXA Equitable 40M share Secondary priced at $20.50 »

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  • 21

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OTTW

Ottawa Bancorp

$13.56

-0.14 (-1.02%)

19:02
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Ottawa Bancorp declares special dividend of 35c per share »

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JAZZ

Jazz Pharmaceuticals

$133.73

-1.74 (-1.28%)

18:57
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Jazz Pharmaceuticals' Sunosi for excessive daytime sleepiness approved by FDA »

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  • 20

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AYI

Acuity Brands

$123.00

-5.53 (-4.30%)

18:52
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  • 03

    Apr

HYAC

Haymaker Acquisition

$11.79

(0.00%)

, OSW

OneSpaWorld

$0.00

(0.00%)

18:47
03/20/19
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Hot Stocks
OneSpaWorld says will start trading on Nasdaq March 21 »

OneSpaWorld Holdings…

HYAC

Haymaker Acquisition

$11.79

(0.00%)

OSW

OneSpaWorld

$0.00

(0.00%)

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

, MU

Micron

$40.08

-0.3 (-0.74%)

18:46
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Fly Intel: After Hours Movers »

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MLHR

Herman Miller

$35.07

-0.85 (-2.37%)

MU

Micron

$40.08

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WSM

Williams-Sonoma

$56.88

0.09 (0.16%)

SIEN

Sientra

$9.76

0.945 (10.73%)

EB

Eventbrite

$20.09

-0.72 (-3.46%)

GES

Guess

$22.10

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UNIT

Uniti Group

$10.01

0.15 (1.52%)

WEX

Wex

$184.85

-1.465 (-0.79%)

CBMG

Cellular Biomedicine

$18.26

0.38 (2.13%)

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

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SAGE

Sage Therapeutics

$152.62

-3.46 (-2.22%)

18:39
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NVDA

Nvidia

$174.38

-1.39 (-0.79%)

18:27
03/20/19
03/20
18:27
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Recommendations
Nvidia analyst commentary at Tigress Financial »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$56.17

-0.93 (-1.63%)

18:24
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18:24
Periodicals
CVS to start selling CBD products in partnership with Curaleaf, Bloomberg says »

Curaleaf (CURLF) said…

CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$56.17

-0.93 (-1.63%)

03/08/13
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  • 25

    Mar

PETQ

PetIQ

$29.87

0.91 (3.14%)

18:23
03/20/19
03/20
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18:23
Hot Stocks
PetIQ CEO: We are totally transparent about our price model »

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  • 20

    Mar

T

AT&T

$30.51

-0.19 (-0.62%)

18:21
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18:21
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Periodicals
AT&T CEO: Huawei makes it hard for carriers to shift suppliers, Reuters says »

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  • 20

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SGSOY

SGS SA

$0.00

(0.00%)

18:19
03/20/19
03/20
18:19
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18:19
Downgrade
SGS SA rating change at Goldman Sachs »

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CLX

Clorox

$155.94

-0.93 (-0.59%)

, RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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Clorox files false advertising lawsuit against Reckitt Benckiser »

The Clorox Company (CLX)…

CLX

Clorox

$155.94

-0.93 (-0.59%)

RBGLY

Reckitt Benckiser

$0.00

(0.00%)

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  • 28

    May

BA

Boeing

$376.41

2.54 (0.68%)

18:09
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Boeing pushes flight test to International Space Station to August, Reuters says »

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  • 20

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CE

Celanese

$101.04

0.08 (0.08%)

18:02
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Celanese increases acetyl intermeditates prices »

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  • 18

    Apr

FTDR

Frontdoor

$32.10

-2.29 (-6.66%)

17:58
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03/20
17:58
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17:58
Syndicate
Frontdoor 16.73M share Secondary priced at $30.00 »

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  • 21

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