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PRGO

Perrigo

$74.96

-2.55 (-3.29%)

07:21
05/15/18
05/15
07:21
05/15/18
07:21

Perrigo ProAir setback disappointing but thesis intact, says Canaccord

Canaccord analyst Dewey Steadman said the delay of Perrigo's generic ProAir is disappointing, but the company's diversification keeps the thesis intact. The analyst said he was impressed with the speed of disclosure of the expected CRL, but he believes the drug will not be coming in Q4 as expected. He has adjusted his model for a 2020 launch and has faith in the company's ability to deliver and grow revenues. Steadman reiterated his Buy rating and $105 price target on Perrigo shares.

  • 21

    May

PRGO Perrigo
$74.96

-2.55 (-3.29%)

02/27/18
WELS
02/27/18
NO CHANGE
WELS
Market Perform
Perrigo delay of report 'unexpected' and 'unfortunate,' says Wells Fargo
Wells Fargo analyst David Maris called Perrigo's "unexpected" delay in its Q4 earnings call that was previously scheduled for today "an unfortunate development," stating that he had been anticipating the company was making progress. Maris added that he has no reason to think this delay is a sign of broader issues, but it does create greater uncertainty, which is something the company "does not need" given it had previously disclosed material weaknesses in its internal control over financial reporting related to income taxes. Maris keeps a Market Perform rating on Perrigo.
03/05/18
OPCO
03/05/18
NO CHANGE
Target $98
OPCO
Outperform
Perrigo guidance achievable as new CEO takes the helm, says Oppenheimer
Oppenheimer analyst Derek Archila notes Perrigo issued 2018 EPS guidance bracketing consensus estimates, which he thinks should sit well with investors and could lead to a modest beat/raise story throughout 2018. The analyst thinks the recent 10% selloff on the delayed EPS report was unwarranted and believes the company's guidance under the CEO may prove to be conservative as Perrigo has several levers to generate value in the next 12-18 months. Archila would be a buyer of the stock at these levels, and reiterates an Outperform rating and $98 price target on the shares.
05/14/18
CANT
05/14/18
NO CHANGE
Target $107
CANT
Overweight
'Holding our breath' on ProAir until Perrigo gives more details, says Cantor
Cantor Fitzgerald analyst Louise Chen reiterated an Overweight rating and $107 price target on Perrigo after the company's announcement on Friday that it expects to receive a CRL from the FDA regarding its ProAir generic ANDA, which will likely disappoint the Street as the company had previously guided to approval and a launch by the fourth quarter. As a result, Chen told investors in a research note that Perrigo no longer expects to achieve the ~9c per share benefit that was included in its 2018 adjusted EPS forecast, and the company has not commented on if it can make this benefit up through sales of other products or cost costs. Chen also said it is "not clear" why Perrigo took ProAir out of its guidance now, but thinks the Street can finally refocus on fundamentals, driving greater appreciation for the company's growth prospects and earnings potential.
05/14/18
WELS
05/14/18
NO CHANGE
Target $84
WELS
Market Perform
Perrigo price target lowered to $84 from $90 at Wells Fargo
Wells Fargo analyst David Maris lowered his price target for Perrigo to $84 from $90 following the news that the company now expects to receive a complete response letter from the FDA on its generic ProAir filing and that Perrigo no longer expects an approval of its ProAir generic to be a 2018 event. The analyst reiterates Market Perform rating on the shares.

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KORS

Michael Kors

$68.71

0.33 (0.48%)

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Michael Kors call volume above normal and directionally bullish »

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Acacia Communications

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NBR

Nabors Industries

$7.27

-0.54 (-6.91%)

12:35
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Nabors Industries put volume heavy and directionally bearish »

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PEP

PepsiCo

$100.19

0.01 (0.01%)

12:31
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PEP

PepsiCo

$100.29

0.11 (0.11%)

12:29
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Periodicals
PepsiCo to acquire baked fruit and veggie snack maker Bare Foods, NYT reports »

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INTC

Intel

$55.19

0.41 (0.75%)

12:27
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EEOC investigates age discrimination claims against Intel, WSJ reports »

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ROST

Ross Stores

$77.43

-5.52 (-6.65%)

12:20
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05/25
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Notable ratio spread in Ross Stores as shares slump on earnings »

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GPS

Gap

$28.45

-4.52 (-13.71%)

, FL

Foot Locker

$53.39

7.01 (15.11%)

12:18
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On The Fly: Top stock stories at midday »

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GPS

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$28.45

-4.52 (-13.71%)

FL

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$53.39

7.01 (15.11%)

HLF

Herbalife Nutrition

$48.96

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$21.86

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DGX

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$106.60

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UNH

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$244.87

2.14 (0.88%)

ROST

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ADSK

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AAL

American Airlines

$45.31

1.76 (4.04%)

LUV

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$53.21

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DAL

Delta Air Lines

$55.80

1.39 (2.55%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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05/25
12:17
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12:17
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NASDAQ market internals summary »

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IWM

iShares Trust Russell 2000 Index Fund

$162.03

-0.01 (-0.01%)

, DIA

Diamonds Fund ETF

$247.61

-0.29 (-0.12%)

12:16
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On The Fly: Weekly technical notes for S&P 500 »

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IWM

iShares Trust Russell 2000 Index Fund

$162.03

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DIA

Diamonds Fund ETF

$247.61

-0.29 (-0.12%)

XLF

Financial Select Sector

$27.87

-0.08 (-0.29%)

XLE

Energy Select Sector SPDR

$74.03

-2.51 (-3.28%)

IVV

iShares Core S&P 500

$274.29

-0.46 (-0.17%)

SPY

SPDR S&P 500 ETF Trust

$272.41

-0.46 (-0.17%)

JNK

SPDR Barclays High Yield Bond

$35.72

-0.03 (-0.08%)

EMB

iShares JP Morgan USD Emerging Markets Bond ETF

$109.63

0.28 (0.26%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$115.29

0.235 (0.20%)

EFV

iShares MSCI EAFE Value ETF

$54.37

-0.49 (-0.89%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
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05/25
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NYSE market internals summary »

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QEP

QEP Resources

$12.00

-1.04 (-7.98%)

12:15
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QEP Resources put volume heavy and directionally bearish »

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AIPT

Precision Therapeutics

$1.00

0.01 (1.01%)

, SKLN

Ticker changed to AIPT

$0.00

(0.00%)

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Precision Therapeutics

$1.00

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SKLN

Ticker changed to AIPT

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K

Kellogg

$64.84

1.39 (2.19%)

12:05
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Options
Kellogg call volume above normal and directionally bullish »

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12:05
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Treasury Option Action: some bullish positioning »

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GIFI

Gulf Island Fabrication

$10.40

-0.05 (-0.48%)

11:56
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DIS

Disney

$102.96

0.86 (0.84%)

, TWX

Time Warner

$94.04

-0.22 (-0.23%)

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Box Office Battle: 'Solo' looking to shoot first, take out 'Deadpool 2' »

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DIS

Disney

$102.96

0.86 (0.84%)

TWX

Time Warner

$94.04

-0.22 (-0.23%)

VIAB

Viacom

$27.69

0.4 (1.47%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$24.50

1.17 (5.02%)

LGF.B

Lionsgate

$23.05

1 (4.54%)

SNE

Sony

$46.56

0.11 (0.24%)

VIA

Viacom

$32.45

0.6 (1.88%)

FOX

21st Century Fox

$38.81

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FOXA

21st Century Fox

$39.25

0.32 (0.82%)

CMCSA

Comcast

$31.99

0.35 (1.11%)

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NKTR

Nektar

$80.14

-0.44 (-0.55%)

11:53
05/25/18
05/25
11:53
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11:53
Conference/Events
Nektar to hold 2018 ASCO Investor Event »

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CELG

Celgene

$79.23

-0.25 (-0.31%)

11:50
05/25/18
05/25
11:50
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11:50
Conference/Events
Celgene to hold analyst and investor event from ASCO Annual Meeting »

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NKE

Nike

$72.43

0.29 (0.40%)

11:50
05/25/18
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Notable spread in Nike as shares reach new highs »

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  • 26

    Jun

AFSI

AmTrust

$13.76

0.035 (0.26%)

11:49
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LRLCY

L'Oreal

$0.00

(0.00%)

11:46
05/25/18
05/25
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05/25/18
11:46
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L'Oreal to acquire Pulp Riot Hair Color »

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ROKU

Roku

$38.70

2.72 (7.56%)

11:45
05/25/18
05/25
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11:45
Options
Roku Inc (Class A Stock) call volume above normal and directionally bullish »

Bullish option flow…

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11:45
05/25/18
05/25
11:45
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Conference/Events
Barclays biopharmaceutical analyst to hold an analyst/industry conference call »

U.S. Biopharmaceuticals…

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