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INCY

Incyte

$64.02

-19.05 (-22.93%)

15:45
04/09/18
04/09
15:45
04/09/18
15:45

Incyte call volume above normal and directionally bullish

Bullish option flow detected in Incyte with 18,210 calls trading, 4x expected, and implied vol increasing almost 2 points to 53.94%. Jun-18 80 calls and Jun-18 105 calls are the most active options, with total volume in those strikes near 10,300 contracts. The Put/Call Ratio is 0.42. Earnings are expected on May 3rd.

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    Jun

INCY Incyte
$64.02

-19.05 (-22.93%)

04/09/18
BARD
04/09/18
DOWNGRADE
Target $5
BARD
Neutral
NewLink Genetics downgraded to Neutral at Baird
As reported previously, Baird analyst Michael Ulz downgraded NewLink Genetics (NLNK) to Neutral from Outperform. The analyst cited the disappointing results from Incyte's (INCY) Phase-3 ECHO-301 study in melanoma. Given the uncertainty surrounding the opportunity after NewLink said it will revisit the indoximod clinical program following Incyte's news, Ulz lowered his price target to $5 from $22 on NewLink Genetics shares.
04/09/18
GABE
04/09/18
DOWNGRADE
GABE
Hold
Incyte downgraded to Hold from Buy at Gabelli
Gabelli analyst Jing He downgraded Incyte to Hold following the "surprising" failure of the Phase 3 ECHO-301 study in melanoma. The analyst remains positive on Jakafi's long-term growth and estimates peak sales of $2.7B but recommends staying on the sideline before baricitinib Adcom on April 23.
04/09/18
RHCO
04/09/18
NO CHANGE
Target $80
RHCO
Buy
Incyte price target lowered to $80 from $155 at SunTrust
SunTrust analyst Peter Lawson slashed his price target on Incyte to $80 after the failure of phase 3 IDO study in melanoma, saying that he is removing all IDO indicators from his model while also sharply discounting the post-IDO pipeline. While the analyst warns that further negative news related to IDO readouts could be coming, the post-failure stock price decline does create some "underlying value", keeping his Buy rating on Incyte.
04/09/18
04/09/18
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. Westlake Chemical (WLK) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas citing valuation. 2. Mettler-Toledo (MTD) downgraded to Neutral from Buy at Goldman Sachs with analyst Patrick Donnelly saying he sees an attractive fundamental backdrop across Tools but is more cautious on the outlook for sales upside at Mettler given his view of a likely moderation of growth in China after a year of catch-up investment in the region. Donnelly also highlights "tough comps" in Labs and Product inspection. 3. Franklin Resources (BEN) downgraded to Neutral from Buy at BofA/Merrill with analyst Michael Carrier saying Franklin's bottom half performance and continued outflows limits organic growth and multiple expansion. 4. NewLink Genetics (NLNK) downgraded to Neutral from Overweight at Cantor Fitzgerald and Baird as well as to Hold from Buy at Jefferies. 5. Incyte (INCY) downgraded to Hold from Buy at Gabelli with analyst Jing He citing the "surprising" failure of the Phase 3 ECHO-301 study in melanoma. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

STT

State Street

$99.64

-4.57 (-4.39%)

05:02
04/23/18
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05:02
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KORS

Michael Kors

$65.02

-0.7 (-1.07%)

04:57
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Michael Kors rating change  »

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SYRS

Syros Pharmaceuticals

$12.60

-0.47 (-3.60%)

04:55
04/23/18
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Conference/Events
Syros Pharmaceuticals management to meet with Oppenheimer »

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AVEO

Aveo Oncology

$2.59

-0.05 (-1.89%)

04:55
04/23/18
04/23
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Conference/Events
Aveo Oncology management to meet with B. Riley FBR »

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CIGI

Colliers International

$70.20

0.75 (1.08%)

04:55
04/23/18
04/23
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Conference/Events
UBS REITs analyst to hold an analyst/industry conference call »

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CNAT

Conatus

$3.58

0.02 (0.56%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
Conatus management to meet with Oppenheimer »

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KMB

Kimberly-Clark

$100.04

-3.3 (-3.19%)

04:55
04/23/18
04/23
04:55
04/23/18
04:55
Technical Analysis
Technical Earnings Preview: Kimberly-Clark near 5-year lows ahead of earnings »

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04:55
04/23/18
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04:55
General news
Existing Home Sales to be reported at 10:00 »

March Existing Home Sales…

INFY

Infosys

$17.38

0.21 (1.22%)

04:55
04/23/18
04/23
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04:55
Conference/Events
Infosys to host analyst meeting »

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General news
Breaking General news story  »

6-Month Bill Auction to…

MLNX

Mellanox

$75.80

-1.45 (-1.88%)

04:55
04/23/18
04/23
04:55
04/23/18
04:55
Conference/Events
Mellanox management to meet with Loop Capital »

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APVO

Aptevo Therapeutics

$4.33

0.01 (0.23%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
Aptevo Therapeutics management to meet with Piper Jaffray »

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  • 23

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04:55
04/23/18
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General news
PMI Composite Flash â€' Level to be reported at 09:45 »

April PMI Composite Flash…

04:55
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General news
Breaking General news story  »

4-Week Bill Announcement…

IFRX

InflaRx

$38.78

1.67 (4.50%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
InflaRx has a conference call hosted by JPMorgan »

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  • 23

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04:55
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Conference/Events
Leerink healthcare analysts to hold an analyst/industry conference call »

Analysts discuss dental…

LUK

Leucadia

$24.02

-0.1 (-0.41%)

04:55
04/23/18
04/23
04:55
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04:55
Conference/Events
Leucadia management to meet with Oppenheimer »

Group luncheon to be held…

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CNK

Cinemark

$39.66

-0.74 (-1.83%)

04:55
04/23/18
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Conference/Events
Cinemark management to meet with MKM Partners »

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CRAY

Cray

$22.40

-0.2 (-0.88%)

04:55
04/23/18
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Conference/Events
Cray management to meet with Craig Hallum »

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SNX

Synnex

$103.51

-0.33 (-0.32%)

04:55
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Conference/Events
Synnex management to meet with Loop Capital »

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General news
Chicago Fed National Activity Index Level to be reported at 08:30 »

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Breaking General news story  »

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UBS leisure/lodging analyst to hold an analyst/industry conference call »

Leisure, Gaming &…

ASND

Ascendis Pharma

$63.83

-1.17 (-1.80%)

04:55
04/23/18
04/23
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Conference/Events
Ascendis Pharma has a conference call hosted by JPMorgan »

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AXDX

Accelerate Diagnostics

$24.45

0.1 (0.41%)

04:55
04/23/18
04/23
04:55
04/23/18
04:55
Conference/Events
Accelerate Diagnostics management to meet with Piper Jaffray »

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