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CHRS

Coherus Biosciences

$15.25

-0.2 (-1.29%)

16:19
05/21/18
05/21
16:19
05/21/18
16:19

Coherus Biosciences files to sell $75M in common stock

J.P. Morgan and Citigroup will act as joint book-running managers for the offering. Mizuho Securities will act as lead manager for the offering. Baird, H.C. Wainwright & Co. and Maxim Group LLC will act as co-managers for the offering.

CHRS Coherus Biosciences
$15.25

-0.2 (-1.29%)

11/07/17
SBSH
11/07/17
NO CHANGE
Target $23
SBSH
Buy
Citi sees value in Coherus even without Humira
Citi analyst Mohit Bansal lowered his price target for Coherus Biosciences shares to $23 from $33 after removing Humira and Enbrel from his model. Investors will unlikely assign value to Humira and Enbrel biosimilars "anytime soon" given the lack of intellectual property clarity and competition, Bansal tells investors in a research note. The analyst, however, still sees value in Coherus even without Humira. The company's meeting with the FDA is key and a subsequent resubmission will likely make investors more confident in Neulasta biosimilar approval, Bansal contends. He keeps a Buy rating on Coherus Biosciences.
03/09/18
MAXM
03/09/18
NO CHANGE
Target $15
MAXM
Buy
Coherus Biosciences price target lowered to $15 from $20 at Maxim
Maxim analyst Jason McCarthy lowered his price target on Coherus Biosciences to $15 after the company's Q4 results, saying its latest cash position suggests operating funding into Q4 of 2018. McCarthy states that $75M in funding from Temasek also depends on whether CHS-1701 gains approval later this year, and the company may require a capital raise in the event of an adverse scenario. The analyst keeps his Buy rating on Coherus Biosciences.
03/12/18
MSCO
03/12/18
NO CHANGE
Target $196
MSCO
Overweight
Enbrel IPR denials lift an overhang on Amgen, says Morgan Stanley
Morgan Stanley analyst Matthew Harrison noted that on Friday the USPTO's Patent Trial and Appeal Board denied the institution of two IPRs filed by Coherus Biosciences (CHRS) against Enbrel patients 8,063,182 and 8,163,522, which he said removes one near-term overhang on Amgen (AMGN) shares. Harrison noted that he has always viewed the IPRs as a greater risk to Enbrel than a District Court case being brought by Novartis' (NVS) Sandoz division, which is set to begin its trial on April 17, as he has always seen a potential settlement with Sandoz as a reasonable possibility. The analyst keeps his Overweight rating and $196 price target on Amgen shares.
05/14/18
MAXM
05/14/18
NO CHANGE
Target $22
MAXM
Buy
Coherus Biosciences price target raised to $22 from $18 at Maxim
Maxim analyst Jason McCarthy raised his price target on Coherus Biosciences to $22 from $18 after the company announced that the FDA has accepted for review the recently re-submitted BLA for CHS-1701, a biosimilar version of Neulasta. The BSUFA date for a decision is November 3, he noted. The analyst keeps his Buy rating on Coherus Biosciences shares.

TODAY'S FREE FLY STORIES

ROSE

Rosehill Resources

$7.27

-0.235 (-3.13%)

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Forest City Enterprises Inc

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STX

Seagate

$58.62

0.18 (0.31%)

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Forest City Enterprises Inc

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FCE.A

Forest City

$19.97

-0.04 (-0.20%)

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Brookfield

$41.31

-0.15 (-0.36%)

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Forest City

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$41.31

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VRTX

Vertex

$152.48

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AEP

American Electric

$65.21

0.16 (0.25%)

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INSY

Insys Therapeutics

$7.68

-0.36 (-4.48%)

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MMSI

Merit Medical

$49.50

-0.6 (-1.20%)

12:55
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General news
Treasury Action: yields rebounded from lows with stocks »

Treasury Action: yields…

NEWT

Newtek Business Services

$19.40

0.3 (1.57%)

12:54
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Newtek Business Services raises 2018 annual dividend forecast to $1.72 per share »

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  • 19

    Jun

AAL

American Airlines

$42.36

-0.4 (-0.94%)

, LUV

Southwest

$52.02

-0.145 (-0.28%)

12:51
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Periodicals
JetBlue founder plans to launch new airline, Airline Weekly reports »

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AAL

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$42.36

-0.4 (-0.94%)

LUV

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$52.02

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UAL

United Continental

$74.18

0.29 (0.39%)

JBLU

JetBlue

$19.14

-0.05 (-0.26%)

DAL

Delta Air Lines

$54.77

-0.4 (-0.73%)

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XHB

SPDR Homebuilders

$40.50

-0.36 (-0.88%)

12:50
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Options
Put buyers in SPDR Homebuilders ETF ahead of data »

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LUNA

Luna Innovations

$3.01

-0.04 (-1.31%)

12:46
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Breaking Hot Stocks news story on Luna Innovations »

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RRC

Range Resources

$16.65

0.69 (4.32%)

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Range Resources call volume above normal and directionally bullish »

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SQ

Square

$65.15

0.595 (0.92%)

, TWTR

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Square

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TWTR

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SJM

J.M. Smucker

$103.74

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AAPL

Apple

$188.89

0.02 (0.01%)

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  • 18

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GM

General Motors

$43.89

-0.02 (-0.05%)

12:29
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Periodicals
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  • 20

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AWK

American Water

$81.42

0.36 (0.44%)

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American Water investing over $14M to replace, install 48k feet of water main »

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12:25
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Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

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BDX

Becton Dickinson

$229.87

-2.3 (-0.99%)

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  • 18

    Jun

AWK

American Water

$81.37

0.31 (0.38%)

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RCII

Rent-A-Center

$14.70

2.675 (22.25%)

12:20
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Active trading in Rent A Center as shares rally »

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