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SRPT

Sarepta

$71.74

-1.12 (-1.54%)

14:45
04/09/18
04/09
14:45
04/09/18
14:45

Sarepta call volume above normal and directionally bullish

Bullish option flow detected in Sarepta with 4,801 calls trading, 1.7x expected, and implied vol increasing over 1 point to 62.75%. 4/13 weekly 77 calls and 4/13 weekly 78 calls are the most active options, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 0.10. Earnings are expected on April 26th.

SRPT Sarepta
$71.74

-1.12 (-1.54%)

03/21/18
MSCO
03/21/18
DOWNGRADE
MSCO
Equal Weight
Sarepta downgraded to Equal Weight from Overweight at Morgan Stanley
03/21/18
03/21/18
DOWNGRADE
Target $87

Equal Weight
Sarepta downgraded as part of portfolio rebalancing at Morgan Stanley
As previously reported, Morgan Stanley analyst Matthew Harrison downgraded Sarepta (SRPT) to Equal Weight from Overweight as part of a rebalancing after a "strong run" for small-to-mid cap biotech stocks. He believes the next move higher in Sarepta will be driven by success in gene therapy, where he does not believe he has an edge in calling the outcome, Harrison tells investors. However, he also noted that initial signals from Sarepta's gene therapy program are promising with no safety issues and that his downgrade is not based on a specific concern around the program. He raised his price target on Sarepta shares to $87 from $64. Harrison also downgraded Loxo Oncology (LOXO) and Global Blood Therapeutics (GBT) as part of the rebalancing, citing valuation.
03/21/18
03/21/18
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. Match Group (MTCH) downgraded to Neutral from Buy at Guggenheim. 2. Sarepta (SRPT), Global Blood Therapeutics (GBT), and Loxo Oncology (LOXO) were downgraded to Equal Weight from Overweight at Morgan Stanley. 3. Instructure (INST) downgraded to Buy from Strong Buy at Needham with analyst Scott Berg citing valuation, with the stock price having run up 133% since the start of 2017. 4. OncoCyte (OCX) downgraded to Neutral from Buy at Janney Capital. 5. Cboe Global Markets (CBOE) downgraded to Underweight from Neutral at JPMorgan with analyst Kenneth Worthington saying despite the stock market recovery, Cboe's risk/reward is skewed to the downside as pressure on the VIX futures is likely to continue. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/28/18
JMPS
03/28/18
NO CHANGE
Target $42
JMPS
Outperform
FDA guidance to Sarepta could speed Summit's DMD path, says JMP Securities
JMP Securities analyst Liisa Bayko noted that the FDA recently communicated to Sarepta Therapeutics (SRPT) that it would allow a statistically significant increase in de novo truncated dystrophin to serve as the basis for accelerated approval for golodirsen. She thinks this could also open the door for Summit Therapeutics (SMMT) to utilize utrophin as a potential biomarker for accelerated approval of ezutromid, its own Duchenne muscular dystrophy candidate, adding that she sees an accelerated path as upside to her valuation. Bayko keeps an Outperform rating and $42 price target on Summit shares.

TODAY'S FREE FLY STORIES

SPX

S&P 500

$0.00

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IRM

Iron Mountain

$33.46

-0.38 (-1.12%)

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TOWR

Tower International

$29.99

0.51 (1.73%)

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CLVS

Clovis

$16.51

-0.23 (-1.37%)

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BE

Bloom Energy

$14.50

-1.54 (-9.60%)

08:10
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Conference/Events
Bloom Energy has a conference call hosted by JPMorgan »

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PME

Pingtan Marine Enterprise

$2.35

-0.05 (-2.08%)

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Pingtan Marine Enterprise announces three new vessels sailed to sea »

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NMRD

Nemaura Medical

$1.87

0.01 (0.54%)

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Hot Stocks
Nemaura Medical signs exclusive license agreement with Al Danah Medical »

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  • 04

    Dec

EQBK

Equity Bancshares

$37.02

-0.7 (-1.86%)

08:08
11/20/18
11/20
08:08
11/20/18
08:08
Initiation
Equity Bancshares initiated  »

Equity Bancshares…

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  • 06

    Dec

ESND

Essendant

$12.68

-0.02 (-0.16%)

08:08
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Hot Stocks
Staples' affiliates extends expiration of tender offer for Essendant's shares »

Staples announced that,…

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GE

General Electric

$7.84

-0.2 (-2.49%)

, BHGE

Baker Hughes

$23.00

-0.38 (-1.63%)

08:07
11/20/18
11/20
08:07
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08:07
Recommendations
General Electric, Baker Hughes analyst commentary  »

GE 'fire sale'…

GE

General Electric

$7.84

-0.2 (-2.49%)

BHGE

Baker Hughes

$23.00

-0.38 (-1.63%)

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  • 29

    Nov

HJLI

Hancock Jaffe Laboratories

$2.02

(0.00%)

08:07
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11/20
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08:07
Hot Stocks
Hancock Jaffe Laboratories receives update on VenoValve application from INVIMA »

Hancock Jaffe…

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  • 29

    Nov

MTEM

Molecular Templates

$4.59

-0.17 (-3.57%)

08:06
11/20/18
11/20
08:06
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08:06
Initiation
Molecular Templates initiated  »

Molecular Templates…

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ADI

Analog Devices

$85.55

-3.94 (-4.40%)

08:06
11/20/18
11/20
08:06
11/20/18
08:06
Earnings
Analog Devices sees Q1 adjusted EPS $1.28, plus or minus 7c, consensus $1.35 »

Sees Q1 revenue $1.51B,…

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  • 20

    Nov

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KLIC

Kulicke & Soffa

$19.90

-0.96 (-4.60%)

08:05
11/20/18
11/20
08:05
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08:05
Initiation
Kulicke & Soffa initiated  »

Kulicke & Soffa…

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  • 11

    Dec

08:05
11/20/18
11/20
08:05
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08:05
General news
U.S. equities are getting de-FAANGed again »

U.S. equities are getting…

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General news
Oil Action: NYMEX crude »

Oil Action: NYMEX crude…

BWA

BorgWarner

$39.40

-0.345 (-0.87%)

08:03
11/20/18
11/20
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08:03
Conference/Events
BorgWarner management to meet with Wolfe Research »

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  • 26

    Nov

ADI

Analog Devices

$85.55

-3.94 (-4.40%)

08:03
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Earnings
Analog Devices reports Q4 adjusted EPS $1.55, consensus 1.52 »

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  • 20

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WOW

WideOpenWest

$10.02

-0.15 (-1.47%)

08:03
11/20/18
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08:03
Conference/Events
WideOpenWest management to meet with JMP Securities »

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  • 26

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TOWR

Tower International

$29.99

0.51 (1.73%)

08:03
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Hot Stocks
Tower International signs MOU to sell European operations »

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NVFY

Nova Lifestyle

$0.87

-0.03 (-3.33%)

08:03
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08:03
Hot Stocks
Nova Lifestyle receives over $1M in orders from Barsala »

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EXTR

Extreme Networks

$6.20

-0.25 (-3.88%)

, HPE

HP Enterprise

$14.83

-0.37 (-2.43%)

08:02
11/20/18
11/20
08:02
11/20/18
08:02
Hot Stocks
Extreme Networks appoints Remi Thomas as CFO »

Extreme Networks (EXTR)…

EXTR

Extreme Networks

$6.20

-0.25 (-3.88%)

HPE

HP Enterprise

$14.83

-0.37 (-2.43%)

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  • 04

    Dec

TGT

Target

$77.13

-1.9 (-2.40%)

08:02
11/20/18
11/20
08:02
11/20/18
08:02
Recommendations
Target analyst commentary  »

Target sales solid, buy…

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  • 20

    Nov

  • 03

    Mar

CBRL

Cracker Barrel

$174.86

5.18 (3.05%)

08:00
11/20/18
11/20
08:00
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08:00
Downgrade
Cracker Barrel rating change  »

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  • 27

    Nov

MSFT

Microsoft

$104.62

-3.66 (-3.38%)

08:00
11/20/18
11/20
08:00
11/20/18
08:00
Options
Microsoft put buyer realizes 25% same-day gains »

Notable profits for the…

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  • 26

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