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MNK

Mallinckrodt

$13.74

-1.16 (-7.79%)

, ESRX

Express Scripts

$69.72

-0.1 (-0.14%)

11:36
04/12/18
04/12
11:36
04/12/18
11:36

Mallinckrodt, Express Scripts accused of scheme in whistleblower suit, BI says

A former Mallinckrodt (MNK) associate director claims in a whistleblower lawsuit that the company and a mail order pharmacy owned by Express Scripts (ESRX), Accredo Pharmacy, schemed "to misrepresent the actual clinical data concerning Acthar in order to alleviate the reimbursement hurdle by government payors to improperly increase Acthar sales," according to Business Insider, citing a court filing regarding the lawsuit. Mallinckrodt told Business Insider in a statement: "The company vehemently disagrees with the allegations made in the complaint and intends to vigorously defend itself in this matter." Reference Link

MNK

Mallinckrodt

$13.74

-1.16 (-7.79%)

ESRX

Express Scripts

$69.72

-0.1 (-0.14%)

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MNK Mallinckrodt
$13.74

-1.16 (-7.79%)

02/02/18
LEHM
02/02/18
DOWNGRADE
Target $20
LEHM
Underweight
Mallinckrodt downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Douglas Tsao downgraded Mallinckrodt to Underweight and cut his price target for the shares to $20 from $23. The acquisition of Sucampo (SCMP) does not address ongoing concern over Acthar and reduces the company's strategic options by raising leverage to 4.5 times, Tsao tells investors in a research note. Reimbursement pressure for Acthar could intensify, and, while not imminent, the franchise could face competition, the analyst adds.
03/16/18
WELS
03/16/18
NO CHANGE
Target $17.5
WELS
Market Perform
Mallinckrodt price target lowered to $17.50 from $22 at Wells Fargo
Wells Fargo analyst David Maris lowered his price target for Mallinckrodt to $17.50 and keeps a Market Perform rating on the name. Management did not provide directional guidance for Acthar in 2019, which is concerning, Maris tells investors in a research note. Further, Mallinckrodt's 3%-6% sales growth guidance for 2018, which implies little to no organic growth, suggests Acthar is not the company's only product facing a challenging outlook, Maris adds.
04/11/18
RHCO
04/11/18
INITIATION
Target $15
RHCO
Hold
Mallinckrodt initiated with a Hold at SunTrust
SunTrust analyst John Boris initiated Mallinckrodt with a Hold and $15 price target.
04/12/18
04/12/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Mallinckrodt (MNK) initiated with a Hold at SunTrust. 2. Hershey (HSY) initiated with a Neutral at Piper Jaffray. 3. Autoliv (ALV) initiated with a Hold at Cross Research. 4. Leap Therapeutics (LPTX) initiated with a Buy at H.C. Wainwright. 5. Monolithic Power (MPWR) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
ESRX Express Scripts
$69.72

-0.1 (-0.14%)

03/12/18
LEER
03/12/18
NO CHANGE
LEER
Diplomat Pharmacy may be next takeover target, says Leerink
Leerink analyst David Larsen believes Diplomat Pharmacy (DPLO) could be the next takeover target following last week's buyout of Express Scripts (ESRX). A managed care plan or large pharmacy chain may find Diplomat's portfolio compelling, Larsen told investors earlier in a research note. He believes the rally post Cigna's (CI) acquisition of Express Scripts reflects a higher likelihood of a takeover, but that "significant upside" potential remains in Diplomat shares.
03/13/18
BERN
03/13/18
INITIATION
Target $194
BERN
Market Perform
Cigna initiated with a Market Perform at Bernstein
Bernstein analyst Lance Wilkes initiated Cigna (CI) with a Market Perform rating and $195 price target following Cigna's announcement that it will buy Express Scripts (ESRX) for $67B. Wilkes views the deal as a bet that change comes more slowly to healthcare, and that financial returns from this deal will fund future strategic acquisitions for Cigna. In a research note to investors, Wilkes said he believes disruption is coming more quickly, in PBM and pharmacy and in the shift to value, and is "skeptical" of this move by Cigna. The analyst expects earnings growth to slow for Cigna driven by its employer focus, lack of scale and already best in class margins, and added that he has a "negative" outlook for Express Scripts, expecting declining gross margins as they lose Anthem (ANTM) and client pricing pressure as focus increases on drug costs.
03/15/18
DBAB
03/15/18
NO CHANGE
Target $236
DBAB
Buy
Cigna shares look oversold with or without deal, says Deutsche Bank
Cigna (CI) shares are down 26% from the January $226 high and 14% since the Express Scripts (ESRX) deal was announced on March 8, Deutsche Bank analyst Chris Rigg tells investors in a research note. The analyst estimates pro forma 2021 earnings per share of $21.18 for Cigna and Express Scripts. As such, he sees "ample conservatism" in management's 2021 EPS target range of $20-$21. With or without the deal, Cigna shares look oversold, Rigg contends. He keeps a Buy rating on Cigna with a $236 price target.
04/02/18
LEER
04/02/18
NO CHANGE
LEER
Possible Humana/Walmart deal transformational for U.S. seniors market, says Leerink
Leerink analyst Ana Gupte sees the possible Humana (HUM)-Walmart (WMT) deal as transformational for the U.S. Seniors market and estimates the deal value at close to $50B. The analyst also believes the deal helps Humana compete more effectively with UnitedHealth (UNH)/Optum and Aetna (AET)-CVS (CVS), while Walmart can also compete with Amazon (AMZN) that is eroding sales and likely eyeing an entry into the Prescription Rx market. Gupte expects the anti-trust scrutiny of three deals Aetna-CVS, Cigna (CI)-Express Scripts (ESRX) and Humana-Walmart by the DOJ will be more challenged under simultaneous review by the DOJ, though Walmart and Humana have the least anti-competitive issues. Humana-Walmart could catalyze a counter-offer for Cigna from Walgreens Boots Alliance (WBA) or even Amazon, or re-invigorate Walgreens-AmerisourceBergen (ABC) talks, she contends.

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FB

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AMZN

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NFLX

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GOOG

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AMZN

Amazon.com

$1,527.39

-29.57 (-1.90%)

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MSFT

Microsoft

$95.01

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International Monetary Fund & World Bank Group to co-host an annual meeting »

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SPX

S&P 500

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SPDR S&P 500 ETF Trust

$266.66

-2.18 (-0.81%)

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SPDR S&P 500 ETF Trust

$266.66

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ADM

Archer Daniels

$45.50

-0.295 (-0.64%)

, BG

Bunge

$73.72

-1.935 (-2.56%)

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Archer Daniels, Bunge talks end without merger deal, Bloomberg reports »

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ADM

Archer Daniels

$45.50

-0.295 (-0.64%)

BG

Bunge

$73.72

-1.935 (-2.56%)

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CE

Celanese

$111.69

0.56 (0.50%)

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IOTS

Adesto Technologies

$8.65

-0.2 (-2.26%)

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SIGM

Sigma Designs

$6.30

0.1 (1.61%)

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BRK.A

Berkshire Hathaway

$300,140.00

-260 (-0.09%)

, BRK.B

Berkshire Hathaway

$200.09

-0.32 (-0.16%)

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Breaking Hot Stocks news story on Berkshire Hathaway, Berkshire Hathaway, Torchmark »

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BRK.A

Berkshire Hathaway

$300,140.00

-260 (-0.09%)

BRK.B

Berkshire Hathaway

$200.09

-0.32 (-0.16%)

TMK

Torchmark

$87.22

0.02 (0.02%)

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SMHI

SEACOR Marine Holdings

$22.90

-0.86 (-3.62%)

, CG

Carlyle Group

$20.85

0.15 (0.72%)

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SMHI

SEACOR Marine Holdings

$22.90

-0.86 (-3.62%)

CG

Carlyle Group

$20.85

0.15 (0.72%)

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AVAV

AeroVironment

$56.66

-0.15 (-0.26%)

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XLE

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$73.30

-0.36 (-0.49%)

, XLU

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$50.29

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General news
Week ending ETF Scorecard: Energy outperforms again, Staples lag »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$73.30

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XLU

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IYR

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XLP

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XLY

Consumer Discretionary Sector SPDR

$102.97

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XLB

S&P Select Materials SPDR

$59.00

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XLF

Financial Select Sector

$27.89

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XLV

Health Care Select Sector SPDR

$82.10

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XLK

Technology Select Sector SPDR

$66.18

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XLI

Industrial Select Sector SPDR

$75.59

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GLD

SPDR Gold Trust

$126.61

-1.01 (-0.79%)

SLV

iShares Silver Trust

$16.14

-0.11 (-0.68%)

USO

United States Oil Fund

$13.76

-0.01 (-0.07%)

UNG

United States Natural Gas Fund

$22.56

0.475 (2.15%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$85.91

-0.19 (-0.22%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

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TLT

iShares 20+ Year Treasury Bond Fund

$118.47

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IEF

iShares 7-10 Year Treasury Bond ETF

$101.57

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SHY

iShares 1-3 Year Treasury Bond

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$121.38

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iShares Russell 1000 Growth

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JAGX

Jaguar Health

$0.16

-0.0051 (-3.02%)

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WMT

Walmart

$86.98

-0.9 (-1.02%)

, FB

Facebook

$166.29

-1.82 (-1.08%)

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Walmart says Kevin Systrom will not stand for re-election to board »

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WMT

Walmart

$86.98

-0.9 (-1.02%)

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-1.82 (-1.08%)

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WMT

Walmart

$86.98

-0.9 (-1.02%)

, MCD

McDonald's

$158.77

-0.76 (-0.48%)

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Walmart announces McDonald's Steve Easterbrook as independent nominee to board »

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WMT

Walmart

$86.98

-0.9 (-1.02%)

MCD

McDonald's

$158.77

-0.76 (-0.48%)

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SPY

SPDR S&P 500 ETF Trust

$266.66

-2.18 (-0.81%)

, USO

United States Oil Fund

$13.76

-0.01 (-0.07%)

17:00
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General news
Weekly CFTC Commitment of Traders highlights »

S&P500 net long 2.5K…

SPY

SPDR S&P 500 ETF Trust

$266.66

-2.18 (-0.81%)

USO

United States Oil Fund

$13.76

-0.01 (-0.07%)

GLD

SPDR Gold Trust

$126.61

-1.01 (-0.79%)

FXE

Euro Currency Trust

$118.04

-0.65 (-0.55%)

FXC

CurrencyShares Canadian Dollar Trust

$77.37

-0.54 (-0.69%)

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CTXR

Citius Pharmaceuticals

$2.86

0.01 (0.35%)

16:59
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16:59
Syndicate
Breaking Syndicate news story on Citius Pharmaceuticals »

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16:55
04/20/18
04/20
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

FPI

Farmland Partners

$7.85

-0.24 (-2.97%)

16:51
04/20/18
04/20
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16:51
Syndicate
Breaking Syndicate news story on Farmland Partners »

Farmland Partners files…

03/08/13
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GIFI

Gulf Island Fabrication

$8.85

0.05 (0.57%)

16:51
04/20/18
04/20
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16:51
Hot Stocks
Breaking Hot Stocks news story on Gulf Island Fabrication »

PVAM Perlus Microcap Fund…

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AMID

American Midstream Partners

$11.45

-0.1 (-0.87%)

16:46
04/20/18
04/20
16:46
04/20/18
16:46
Syndicate
American Midstream Partners files $150M preferred unit offering »

The offering is for $150M…

03/08/13
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AMID

American Midstream Partners

$11.45

-0.1 (-0.87%)

16:41
04/20/18
04/20
16:41
04/20/18
16:41
Syndicate
American Midstream Partners requests withdrawal of registration statement »

The Partnership has…

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SSC

Seven Stars Cloud Group

$2.67

-0.1 (-3.61%)

16:40
04/20/18
04/20
16:40
04/20/18
16:40
Syndicate
Breaking Syndicate news story on Seven Stars Cloud Group »

Seven Stars Cloud Group…

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HNI

HNI Corporation

$35.35

-0.28 (-0.79%)

16:39
04/20/18
04/20
16:39
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16:39
Hot Stocks
HNI Corporation CEO says 'seeing increased inflationary pressures' »

"We continue to…

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