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IRWD

Ironwood

$14.36

-0.43 (-2.91%)

13:16
04/09/18
04/09
13:16
04/09/18
13:16

Wells Fargo positive on Sarissa involvment with Ironwood

Wells Fargo analyst David Maris said he would like to know more about Sarissa Capital's thoughts on paths for value creation at Ironwood, but his initial reaction, noting Alex Denner's track record for value creation with other firms, is positive. Maris adds that he like management's direction. However, the market does not seem to be embracing the company's "multi-prong strategy" of having several early-stage pipeline programs as well as the Linzess commercial franchise, so perhaps a new board member can help the company unlock value. He keeps an Outperform rating and $18 price target on Ironwood shares, but noted that his target does not factor in a potential acquisition premium.

IRWD Ironwood
$14.36

-0.43 (-2.91%)

01/05/18
BOFA
01/05/18
DOWNGRADE
BOFA
Underperform
Ironwood downgraded to Underperform from Buy at BofA/Merrill
01/05/18
BOFA
01/05/18
DOWNGRADE
BOFA
Underperform
Ironwood downgraded to Underperform on reduced catalysts at BofA/Merrill
BofA/Merrill analyst Ying Huang downgraded Ironwood two notches to Underperform from Buy and cut its price target to $15 from $20 due to lack of catalysts and reduced product sales expectations. The analyst believes Linzess sales weakness could continue due to further pricing pressure and competition from Trulance and Amitiza and said there is a lack of pipeline catalysts in 2018.
01/25/18
WELS
01/25/18
NO CHANGE
WELS
Outperform
Ironwood outlook unchanged after Trulance approval, says Wells Fargo
Wells Fargo analyst David Maris said that Synergy Pharmaceuticals (SGYP) received FDA approval for Trulance for the treatment of irritable bowel syndrome with constipation, to add to the drug's existing approval for chronic idiopathic constipation. Ironwood's (IRWD) Linzess was initially approved in 2012 for both IBS-C and CIC, noted Maris, who said he expected Trulance's approval in IBS-C and is not making any changes to his Ironwood model following the news. He believes Trulance was already being used off label in IBS-C to some degree, but will be watching if the new on-label indication impacts market share, he said. Maris keeps an Outperform rating on Ironwood shares.
01/25/18
BTIG
01/25/18
NO CHANGE
Target $7
BTIG
Buy
Synergy funding worries may be overdone, says BTIG
BTIG analyst Timothy Chiang noted that Synergy Pharmaceuticals (SGYP) announced that Trulance received expanded FDA approval for IBS-C, which puts it more on par with market leader Linzess from Ironwood (IRWD) and Allergan (AGN). He sees Trulance benefiting from increased payor access and believes the company will have sufficient cash in order to gain access to a second loan tranche of $100M expected by next month, stating that funding worries may be overdone. Chiang keeps a Buy rating and $7 price target on Synergy shares.

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EXEL

Exelixis

$19.90

0.26 (1.32%)

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ECL

Ecolab

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1.08 (0.74%)

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GE

General Electric

$12.49

0.05 (0.40%)

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SYPR

Sypris Solutions

$1.67

0.09 (5.70%)

10:58
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SYPR

Sypris Solutions

$1.67

0.09 (5.70%)

10:57
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AMD

AMD

$20.18

0.46 (2.33%)

10:50
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In-the-money vertical call spread sale in AMD with shares at 10 year highs »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$283.16

1.03 (0.37%)

10:40
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Technical Analysis
Technical Take: SPDR S&P 500 ETF hits session highs after first hour »

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SPX

S&P 500

$0.00

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SPY

SPDR S&P 500 ETF Trust

$283.16

1.03 (0.37%)

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PM

Philip Morris

$82.35

0.49 (0.60%)

10:40
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Options
Second day of active trading in Phillip Morris calls as shares tick higher »

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EA

Electronic Arts

$130.53

-0.76 (-0.58%)

10:33
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Hot Stocks
Electronic Arts announces departure of Chief Design Officer Patrick Soderlund »

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CSCO

Cisco

$43.74

-0.02 (-0.05%)

10:30
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Short-term call spreads in Cisco ahead of earnings »

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EEFT

Euronet

$94.17

0.29 (0.31%)

10:27
08/14/18
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Conference/Events
Euronet management to meet with Needham »

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VIPS

Vipshop

$7.79

-1.19 (-13.25%)

10:24
08/14/18
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10:24
Downgrade
Vipshop rating change  »

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ARDS

Aridis Pharmaceuticals

$0.00

(0.00%)

10:22
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Syndicate
Breaking Syndicate news story on Aridis Pharmaceuticals »

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  • 14

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NLSN

Nielsen

$25.87

1.25 (5.08%)

10:22
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Analysts up Nielsen rating as Elliott takes activist stake, plans push for sale »

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QQQ

Invesco QQQ Trust

$180.13

-0.21 (-0.12%)

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KO

Coca-Cola

$46.01

0.19 (0.41%)

, PEP

PepsiCo

$112.91

-0.11 (-0.10%)

10:17
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KO

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0.19 (0.41%)

PEP

PepsiCo

$112.91

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KDP

Keurig Dr Pepper

$23.51

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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HBM

Hudbay Minerals

$4.93

-0.1 (-1.99%)

, ESTA

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$27.10

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HBM

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$4.93

-0.1 (-1.99%)

ESTA

Establishment Labs

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CB

Chubb

$133.41

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, SWCH

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CB

Chubb

$133.41

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SWCH

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URBN

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PINC

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CMC

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$22.26

0.46 (2.11%)

, NLSN

Nielsen

$25.83

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CMC

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NLSN

Nielsen

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ADS

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DCP

DCP Midstream

$44.67

0.1 (0.22%)

JKS

JinkoSolar

$13.33

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MGM

MGM Resorts

$29.00

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MGM calls active Tuesday after bullish risk-reversals opened Monday »

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