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MYL

Mylan

$40.80

0.07 (0.17%)

14:20
04/23/18
04/23
14:20
04/23/18
14:20

Mylan layoffs will led to questions, says Wells Fargo

Wells Fargo analyst David Maris acknowledges press reports that Mylan is laying off approximately 500 employees, or approximately 15% of its employees in Morgantown, Virginia. Investors will have questions when Mylan reports Q1 results about the layoffs and what Mylan means about the need to make the Morgantown plant less complex, Maris tells investors in a research note. He keeps a Market Perform on Mylan shares.

  • 27

    Apr

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    May

  • 13

    Nov

MYL Mylan
$40.80

0.07 (0.17%)

04/12/18
JPMS
04/12/18
NO CHANGE
Target $53
JPMS
Overweight
Mylan shares remain 'highly inexpensive,' says JPMorgan
JPMorgan analyst Chris Schott says his positive longer term thesis is unchanged following Mylan's investor day. Commentary on the near-term pipeline remained upbeat and Mylan highlighted multiple long-term revenue drivers, Schott tells investors in a research note. He believes the company's "significant" generic Advair opportunity, as well as other potential near-term approvals, more than offset any downside risk from ongoing challenges in the U.S. generics market. The analyst thinks Mylan shares remain "highly inexpensive." Schott keeps an Overweight rating on the name with a $53 price target.
04/12/18
04/12/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Incyte (INCY) upgraded to Buy from Neutral at UBS with analyst Carter Gould saying the stock offers an improved risk/reward profile after resetting lower on negative epacadostat Phase 3 data and removal of the drug from analyst models. 2. TechnipFMC (FTI) upgraded to Buy from Neutral at Goldman Sachs with analyst Waqar Syed saying while his 2018/2019 EBITDA estimates are little changed, his 2020 EBITDA estimates have been raised nearly 18% owing to expectations for higher inbound orders in 2019 for the Subsea and Onshore/Offshore segments. 3. Prologis (PLD) upgraded to Buy from Hold at Jefferies with analyst Jonathan Petersen saying he sees the company posting one of the strongest levels of internal growth among the blue-chip real estate investment trusts in 2018. 4. Mylan (MYL) upgraded to Outperform from Market Perform at Leerink with analyst Ami Fadia citing valuation disconnect given the diversified business and catalyst path. 5. Summit Hotel Properties (INN) upgraded to Buy from Underperform at BofA/Merrill with analyst Shaun Kelley citing relative valuation, its potential to outperform peers on the top-line in an accelerating RevPAR environment, and lower relative cost pressure given a lower proportion of labor costs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/18/18
LEHM
04/18/18
NO CHANGE
Target $230
LEHM
Overweight
Barclays sees 'significant challenges' for Botox biosimilar
Barclays analyst Douglas Tsao says that while he'd probably stop short of calling it "mission impossible," he sees "significant challenges" in the development of a biosimilar to Allergan's (AGN) Botox. Following a deep dive into the key issues Mylan (MYL) will likely face in developing a biosimilar Botox, the analyst and concluded that it seems "technically difficult and faces a long road ahead." Even a best case scenario puts timing out to 2023, Tsao tells investors in a research note. The analyst has an Overweight rating on Allergan with a $230 price target.
04/19/18
WELS
04/19/18
NO CHANGE
WELS
Wells says bottom has not been reached in generics pricing
After Aceto (ACET) cited the continued intense competitive and pricing pressures in the generic industry when withdrawing its guidance last night, and Novartis (NVS) this morning reported that net sales at its generic unit Sandoz dropped 4% in the quarter, Wells Fargo analyst Davis Maris says he's not ready to call the bottom in generics pricing. Those that have are premature, Maris tells investors in a research note titled "Negative Read Throughs For Generics Continue." The Aceto and Sandoz pricing news shows the data continue to be negative for U.S. generic industry pricing, the analyst contends. He sees a negative read-through for companies with large U.S. commodity generic exposure, such as Teva (TEVA) and Mylan (MYL).

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$NSD

NASDAQ Market Internals

$0.00

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12:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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12:15
06/19/18
06/19
12:15
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12:15
Conference/Events
Stephens food/agribusiness analyst to hold an analyst/industry conference call »

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MUX

McEwen Mining

$2.18

0.035 (1.64%)

12:13
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  • 26

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GFN

General Finance Corp

$11.85

-0.05 (-0.42%)

12:10
06/19/18
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Havner Family Trust buys 10K shares of General Finance »

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LVS

Las Vegas Sands

$79.70

-0.83 (-1.03%)

12:10
06/19/18
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12:10
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Options
Put buyer opens downside hedge in Las Vegas Sands after record high »

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  • 10

    Sep

PTC

PTC

$97.72

-0.08 (-0.08%)

12:07
06/19/18
06/19
12:07
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12:07
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PTC, Elysium announce new design, validation app for ThingWorx Navigate »

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KMI

Kinder Morgan

$17.21

0.04 (0.23%)

12:05
06/19/18
06/19
12:05
06/19/18
12:05
Options
Kinder Morgan call volume above normal and directionally bullish »

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TMUS

T-Mobile

$60.53

0.16 (0.27%)

, S

Sprint

$5.56

0.01 (0.18%)

12:03
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06/19
12:03
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12:03
Hot Stocks
T-Mobile, Sprint officially file merger plans with FCC »

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TMUS

T-Mobile

$60.53

0.16 (0.27%)

S

Sprint

$5.56

0.01 (0.18%)

DTEGY

Deutsche Telekom

$0.00

(0.00%)

03/08/13
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FB

Facebook

$195.71

-2.59 (-1.31%)

12:01
06/19/18
06/19
12:01
06/19/18
12:01
Periodicals
Facebook misses 'deadline' to answer Senator's questions, Bloomberg says »

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  • 19

    Jun

TCI

Transcontinental Realty Inc

$36.00

2.54 (7.59%)

12:00
06/19/18
06/19
12:00
06/19/18
12:00
Hot Stocks
Transcontinental Realty, Adobe Properties say advisor may make stock purchases »

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SMAR

Smartsheet

$29.00

-3.07 (-9.57%)

12:00
06/19/18
06/19
12:00
06/19/18
12:00
Hot Stocks
Smartsheet falls -9.9% »

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SYX

Systemax

$35.40

-4 (-10.15%)

12:00
06/19/18
06/19
12:00
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12:00
Hot Stocks
Systemax falls -10.5% »

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UTX

United Technologies

$125.30

-2.2 (-1.73%)

, EADSY

Airbus

$0.00

(0.00%)

12:00
06/19/18
06/19
12:00
06/19/18
12:00
Periodicals
Pratt & Whitney close to fix for part that delayed Airbus jets, Bloomberg says »

Pratt & Whitney,…

UTX

United Technologies

$125.30

-2.2 (-1.73%)

EADSY

Airbus

$0.00

(0.00%)

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PAGS

PagSeguro Digital

$27.24

-4.92 (-15.30%)

12:00
06/19/18
06/19
12:00
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12:00
Hot Stocks
PagSeguro Digital falls -15.1% »

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  • 22

    Jun

EBR

Centrais Electricas

$3.71

0.21 (6.00%)

12:00
06/19/18
06/19
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12:00
Hot Stocks
Centrais Electricas rises 6.3% »

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$10.44

0.795 (8.24%)

12:00
06/19/18
06/19
12:00
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Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF rises 8.0% »

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COTV

Cotiviti Holdings

$44.02

4.13 (10.35%)

12:00
06/19/18
06/19
12:00
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12:00
Hot Stocks
Cotiviti Holdings rises 10.4% »

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ARRY

Array BioPharma

$17.90

0.4 (2.29%)

11:57
06/19/18
06/19
11:57
06/19/18
11:57
Conference/Events
Array BioPharma to hold a conference call »

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  • 20

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    Jun

VZ

Verizon

$48.69

1.23 (2.59%)

11:57
06/19/18
06/19
11:57
06/19/18
11:57
Periodicals
Verizon to cease sharing phone-location data of customers, Reuters reports »

Verizon will stop sharing…

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  • 20

    Jun

USCR

U.S. Concrete

$63.30

-1.1 (-1.71%)

11:53
06/19/18
06/19
11:53
06/19/18
11:53
Hot Stocks
U.S. Concrete rating downgraded to B2 from B1 by Moody's »

Moody's Investors…

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  • 28

    Jun

  • 29

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JD

JD.com

$41.57

-2.18 (-4.98%)

11:50
06/19/18
06/19
11:50
06/19/18
11:50
Options
Continued interest in JD Jun 22nd 45 calls even as shares slide »

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11:50
06/19/18
06/19
11:50
06/19/18
11:50
General news
Treasury's bill auctions were about average »

Treasury's bill…

KO

Coca-Cola

$43.57

0.01 (0.02%)

11:47
06/19/18
06/19
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11:47
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Arby's announces conversion to Coca-Cola beverages »

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FOX

21st Century Fox

$44.44

0.09 (0.20%)

, FOXA

21st Century Fox

$44.70

0.145 (0.33%)

11:43
06/19/18
06/19
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06/19/18
11:43
Hot Stocks
21st Century Fox says 'looks forward' to final decision clearing transaction »

21st Century Fox (FOXA)…

FOX

21st Century Fox

$44.44

0.09 (0.20%)

FOXA

21st Century Fox

$44.70

0.145 (0.33%)

SKYAY

Sky

$0.00

(0.00%)

DIS

Disney

$106.00

-1.05 (-0.98%)

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