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MNK

Mallinckrodt

$13.73

-1.17 (-7.85%)

13:39
04/12/18
04/12
13:39
04/12/18
13:39

Stifel downgrades Mallinckrodt to Hold with sentiment seen staying low

As previously reported, Stifel analyst Annabel Samimy downgraded Mallinckrodt to Hold from Buy. Samimy said he cannot prove or disprove the alleged improper Acthar distribution and Medicare claims made against Mallinckrodt in a recently filed whistleblower lawsuit, but he believes that the "singularly persistent" overhang of Acthar will not lift in the near-term, regardless of the strength of the company's upcoming pipeline opportunities. The analyst thinks it is prudent to step to the side until the Acthar overhang, coupled with the overhang of opioid litigation, has more clarity toward resolution, he tells investors. Samimy lowered his price target on Mallinckrodt shares to $15 from $50.

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    Aug

MNK Mallinckrodt
$13.73

-1.17 (-7.85%)

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.
04/12/18
WELS
04/12/18
NO CHANGE
WELS
Market Perform
Mallinckrodt strongly disagrees with whistleblower suit, says Wells Fargo
Mallinckrodt shares are down sharply after news of a whistleblower lawsuit was made public, Wells Fargo analyst David Maris tells investors in an intraday research note. Mallinckrodt strongly disagrees with the allegations, believes the suit is baseless, and plans to defend itself vigorously, Maris writes after speaking to the company. The analyst believes whistleblower suits and court documents "often read poorly for a company as they are often one sided." However, the complaint alleges a number of bad actions by Mallinckrodt that could have larger implications if true, Maris adds. He recommends not jumping to conclusions and keeps a Market Perform rating on Mallinckrodt. The stock in morning trading is down 7% to $13.84.
04/12/18
STFL
04/12/18
DOWNGRADE
STFL
Hold
Mallinckrodt downgraded to Hold from Buy at Stifel

TODAY'S FREE FLY STORIES

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AAPL

Apple

$164.22

0.41 (0.25%)

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  • 01

    May

EWY

iShares MSCI South Korea Index Fund

$75.21

1.94 (2.65%)

, SPY

SPDR S&P 500 ETF Trust

$266.23

2.59 (0.98%)

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iShares MSCI South Korea Index Fund

$75.21

1.94 (2.65%)

SPY

SPDR S&P 500 ETF Trust

$266.23

2.59 (0.98%)

EWJ

iShares MSCI Japan Index Fund

$60.95

0.38 (0.63%)

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XOM

Exxon Mobil

$80.86

1.35 (1.70%)

, CVX

Chevron

$124.22

1.53 (1.25%)

20:25
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XOM

Exxon Mobil

$80.86

1.35 (1.70%)

CVX

Chevron

$124.22

1.53 (1.25%)

SNY

Sanofi

$40.37

0.265 (0.66%)

CHTR

Charter

$297.00

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CL

Colgate-Palmolive

$66.60

0.18 (0.27%)

PSX

Phillips 66

$113.00

3.18 (2.90%)

SPG

Simon Property

$150.18

3.4 (2.32%)

D

Dominion

$65.04

0.22 (0.34%)

LYB

LyondellBasell

$106.51

1.11 (1.05%)

MCO

Moody's

$164.56

1.955 (1.20%)

WY

Weyerhaeuser

$36.64

0.46 (1.27%)

COL

Rockwell Collins

$133.00

-0.26 (-0.20%)

HMC

Honda

$34.78

0.18 (0.52%)

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PROV

Provident Financial

$18.34

0.1 (0.55%)

20:01
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Hot Stocks
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  • 26

    Apr

WAL

Western Alliance

$59.31

0.2 (0.34%)

19:55
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04/26
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Hot Stocks
Western Alliance names Barbara Kennedy as Chief HR Officer »

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  • 14

    May

NOV

National Oilwell

$38.65

0.365 (0.95%)

19:54
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04/26
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Earnings
National Oilwell reports Q1 EPS (18c), consensus (5c) »

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XRX

Xerox

$30.42

-0.21 (-0.69%)

19:30
04/26/18
04/26
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19:30
Hot Stocks
Breaking Hot Stocks news story on Xerox »

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  • 03

    May

SWN

Southwestern Energy

$4.52

0.055 (1.23%)

19:29
04/26/18
04/26
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19:29
Earnings
Southwestern Energy reports Q1 adjusted EPS 28c, consensus 25c »

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XRX

Xerox

$30.42

-0.21 (-0.69%)

, FUJIY

Fujifilm

19:26
04/26/18
04/26
19:26
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19:26
Periodicals
Xerox, Fujifilm reopen merger talks, Reuters reports »

Xerox (XRX) chairman…

XRX

Xerox

$30.42

-0.21 (-0.69%)

FUJIY

Fujifilm

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  • 03

    May

SBSI

Southside Bancshares

$35.31

-0.32 (-0.90%)

19:19
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Hot Stocks
Southside Bancshares discontinues stock dividend »

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    May

GSHD

Goosehead Insurance

19:11
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Syndicate
Goosehead Insurance 8.53M share IPO priced at $10.00 »

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  • 27

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DOCU

Docusign

19:09
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Syndicate
Docusign 21.7M share IPO priced at $29.00 »

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  • 27

    Apr

SMAR

Smartsheet

19:05
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Syndicate
Smartsheet 11.63M share IPO priced at $15.00 »

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  • 27

    Apr

NTDOY

Nintendo

19:04
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EXPE

Expedia

$106.42

-2 (-1.84%)

, BJRI

BJ's Restaurants

$49.55

0.95 (1.95%)

19:03
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Hot Stocks
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EXPE

Expedia

$106.42

-2 (-1.84%)

BJRI

BJ's Restaurants

$49.55

0.95 (1.95%)

AMZN

Amazon.com

$1,517.96

57.79 (3.96%)

SIVB

SVB Financial

$257.67

0.06 (0.02%)

CHGG

Chegg

$21.67

-0.41 (-1.86%)

BIDU

Baidu

$239.14

7.7 (3.33%)

INTC

Intel

$53.08

1.69 (3.29%)

KN

Knowles

$11.15

-0.175 (-1.55%)

EMN

Eastman Chemical

$105.93

0.835 (0.79%)

ELY

Callaway Golf

$16.82

0.12 (0.72%)

MSFT

Microsoft

$94.25

1.83 (1.98%)

BYD

Boyd Gaming

$33.45

-0.301 (-0.89%)

NUS

Nu Skin

$72.15

0.55 (0.77%)

MAT

Mattel

$13.99

0.51 (3.78%)

S

Sprint

$6.00

-0.04 (-0.66%)

OAS

Oasis Petroleum

$10.61

-0.035 (-0.33%)

FLEX

Flex

$16.64

0.04 (0.24%)

LOGM

LogMeln

$119.70

2.45 (2.09%)

CLD

Cloud Peak

X

U.S. Steel

$37.65

0.61 (1.65%)

AMKR

Amkor Technology

$9.12

0.31 (3.52%)

CUBE

CubeSmart

$28.40

0.705 (2.55%)

SBUX

Starbucks

$59.38

1.66 (2.88%)

WDC

Western Digital

$87.91

2.03 (2.36%)

TNDM

TNDM

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WELL

Welltower

$50.01

-0.445 (-0.88%)

, QCP

Quality Care Properties

$21.70

-1.02 (-4.49%)

19:01
04/26/18
04/26
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19:01
Recommendations
Welltower, Quality Care Properties analyst commentary at MUFG »

Welltower price target…

WELL

Welltower

$50.01

-0.445 (-0.88%)

QCP

Quality Care Properties

$21.70

-1.02 (-4.49%)

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  • 26

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    May

MNOV

MediciNova

19:01
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Hot Stocks
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  • 21

    May

SBSI

Southside Bancshares

$35.31

-0.32 (-0.90%)

18:58
04/26/18
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Hot Stocks
Southside Bancshares raises quarterly dividend 7.1% to 30c per share »

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  • 01

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SFNC

Simmons First National

$30.38

-0.125 (-0.41%)

18:50
04/26/18
04/26
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Hot Stocks
Simmons First National exec sells 50,000 shares »

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  • 14

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    Sep

ISBC

Investors Bancorp

$13.55

-0.05 (-0.37%)

18:46
04/26/18
04/26
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04/26/18
18:46
Earnings
Investors Bancorp reports Q1 EPS 20c, consensus 18c »

Reports Q1 NII $172.48M,…

03/08/13
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03/06/13
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    May

BIDU

Baidu

$239.14

7.7 (3.33%)

18:24
04/26/18
04/26
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18:24
Hot Stocks
Breaking Hot Stocks news story on Baidu »

Baidu up 6.4% to $254.00…

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  • 26

    Apr

OAS

Oasis Petroleum

$10.61

-0.035 (-0.33%)

, WPG

Washington Prime

$6.40

0.44 (7.38%)

18:14
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Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

Oasis Petroleum (OAS)…

OAS

Oasis Petroleum

$10.61

-0.035 (-0.33%)

WPG

Washington Prime

$6.40

0.44 (7.38%)

BH

Biglari

$422.15

7.4 (1.78%)

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SBUX

Starbucks

$59.38

1.66 (2.88%)

18:13
04/26/18
04/26
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18:13
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

Starbucks not seeing SSS…

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  • 26

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FB

Facebook

$174.24

14.55 (9.11%)

18:11
04/26/18
04/26
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18:11
Hot Stocks
Facebook expects to identify more instances of data misuse »

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