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PTN

Palatin

$1.00

0.0406 (4.25%)

, VRX

Valeant

$26.74

-0.12 (-0.45%)

11:40
06/14/18
06/14
11:40
06/14/18
11:40

Palatin weakness 'undeserved' following Addyi relaunch, says H.C. Wainwright

H.C. Wainwright analyst Joseph Pantginis attributes recent weakness in shares of Palatin (PTN) to the relaunch of Addyi by Sprout, and its first-to-market status, following reacquisition of the drug from Valeant (VRX). However, he sees the weakness as undeserved, as he continues to believe that Addyi is an inferior drug with a "sketchy history," Pantginis tells investors. Addyi's "one singular advantage," education and visibility for hypoactive sexual desire disorder, should help the market for Palatin's bremelanotide, which has a "potentially market leading profile," said the analyst, who keeps a Buy rating on Palatin shares.

PTN

Palatin

$1.00

0.0406 (4.25%)

VRX

Valeant

$26.74

-0.12 (-0.45%)

  • 18

    Jun

  • 27

    Aug

PTN Palatin
$1.00

0.0406 (4.25%)

04/06/18
HCWC
04/06/18
INITIATION
Target $5
HCWC
Buy
Palatin initiated with a Buy at H.C. Wainwright
H.C. Wainwright analyst Joseph Pantginis started Palatin Technologies with a Buy rating and $5 price target. The analyst views the company's lead asset bremelanotide, which is in development for hypoactive sexual desire disorder in women, as "significantly derisked." He believes the drug's "checked boxes" and projected catalysts are not reflected in the current share price.
VRX Valeant
$26.74

-0.12 (-0.45%)

06/06/18
06/06/18
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. Valeant (VRX) upgraded to Overweight from Equal Weight at Barclays analyst Douglas Tsao saying Valeant's business has hit an inflection point with its existing business stabilizing, which offers a foundation for the company to enjoy growth driven by upcoming product launches. 2. G-III Apparel (GIII) upgraded to Equal Weight from Underweight at Barclays with analyst Chethan Mallela saying he sees improving visibility following the company's Q1 results. 3. Cigna (CI) upgraded to Buy from Neutral at Goldman Sachs. 4. Shaw Communications (SJR) upgraded to Outperformer from Neutral at CIBC. 5. International Paper (IP) upgraded to Outperform from Sector Perform at RBC Capital with analyst Paul Quinn citing the announcement that International Paper will not make an offer for Smurfit Kappa. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/06/18
LEHM
06/06/18
UPGRADE
Target $29
LEHM
Overweight
Valeant upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Douglas Tsao upgraded Valeant Pharmaceuticals to Overweight from Equal Weight and raised his price target for the shares to $29 from $20. The drugmaker closed yesterday up $1.59 to $23.59. Valeant's business has hit an inflection point with its existing business stabilizing, which offers a foundation for the company to enjoy growth driven by upcoming product launches, Tsao tells investors in a research note. While none of the launches are likely to be "blockbusters," with base business performing well and impact of loss-of-exclusivities lessening after this year, the "threshold for success has come down meaningfully," Tsao contends.
06/05/18
HCWC
06/05/18
NO CHANGE
Target $20
HCWC
Neutral
Valeant gradually obtaining more financial flexibility, says H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju says Valeant Pharmaceuticals is gradually obtaining more financial flexibility, as the shorter-term debt tranches have been considerably reduced. The company last week announced that it had entered into a fourth amended and restated credit and guaranty agreement effectuating a full refinancing of its secured revolving and term loan credit facilities, Selvaraju tells investors in a research note. He reiterates a Neutral rating on Valeant with a $20 price target, however, awaiting evidence of the company returning to long-term sustainable growth.
06/01/18
DBAB
06/01/18
NO CHANGE
Target $25
DBAB
Buy
Deutsche still likes Valeant risk/reward, ups price target to $25
Deutsche Bank analyst Gregg Gilbert raised his price target for Valeant Pharmaceuticals to $25 from $23 after giving the company some additional credit for protecting the Xifaxan franchise. The analyst pushed out his generic cliff assumption to 2027 from 2026, which he notes still represents a potential "settlement" scenario with generic competition ahead of patent expiry. It is important to note there could be "significant upside to the theoretical valuation" if Xifaxan grows faster than anticipated, generic competition is delayed beyond 2027, and/or if Valeant is able to protect the franchise with new formulations and indications, Gilbert tells investors in a research note. He continues to like the risk/reward for the stock and keeps a Buy rating on the shares.

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Televisa

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0.51 (2.87%)

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CX

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0.115 (1.85%)

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PH

Parker-Hannifin

$164.49

0.74 (0.45%)

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KMT

Kennametal

$37.44

1.11 (3.06%)

20:41
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SYNT

Syntel

$34.07

0.65 (1.94%)

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MGTA

Magenta Therapeutics

$0.00

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Syndicate
Magenta Therapeutics 6.667M share IPO priced at $15.00 »

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  • 21

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Xeris Pharmaceuticals

$0.00

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  • 21

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KR

Kroger

$26.21

0.21 (0.81%)

, DRI

Darden

$93.27

-1.34 (-1.42%)

20:25
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Earnings
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Kroger

$26.21

0.21 (0.81%)

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Darden

$93.27

-1.34 (-1.42%)

CMC

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$23.67

0.44 (1.89%)

PDCO

Patterson Companies

$22.54

0.07 (0.31%)

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  • 21

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IIIV

i3 Verticals

$0.00

(0.00%)

20:24
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  • 21

    Jun

KZR

Kezar Life Sciences

$0.00

(0.00%)

20:23
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Kezar Life Sciences 5M share IPO priced at $15.00 »

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  • 21

    Jun

LPL

LG Display

$8.91

-0.015 (-0.17%)

20:08
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LG Display discussing early retirement options for workers, Bloomberg reports »

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EGO

Eldorado Gold

$1.13

-0.02 (-1.75%)

20:05
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Eldorado Gold provides update on Lamaque exploration and development »

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SPX

S&P 500

$0.00

(0.00%)

, RSX

Market Vectors Russia ETF

$20.52

0.22 (1.08%)

19:43
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Periodicals
Trump planning to meet with Russia's Putin in Europe next month, Bloomberg says »

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S&P 500

$0.00

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Market Vectors Russia ETF

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CEO

CNOOC

$163.48

2.345 (1.46%)

19:29
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TM

Toyota

$134.34

-1.815 (-1.33%)

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FB

Facebook

$202.08

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, GOOG

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$1,169.38

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$1,169.38

1.52 (0.13%)

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$1,183.83

5.54 (0.47%)

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  • 28

    Oct

RYAAY

Ryanair

$117.11

3.54 (3.12%)

19:01
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IAG, Ryanair preparing EU legal challenge over air traffic strikes, FT reports »

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BNED

Barnes & Noble Education

$6.78

0.3 (4.63%)

, MU

Micron

$58.97

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MU

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SCS

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LITE

Lumentum

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HPQ

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THO

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GLW

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$28.40

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AOBC

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LMNR

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VERI

Veritone

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TRUP

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Wix.com

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DIS

Disney

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1.08 (1.02%)

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  • 20

    Jun

SPY

SPDR S&P 500 ETF Trust

$276.00

0.52 (0.19%)

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$0.00

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GOOG

Alphabet

$1,169.38

1.52 (0.13%)

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$1,183.83

5.54 (0.47%)

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  • 28

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YTRA

Yatra

$7.14

-0.04 (-0.56%)

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NOA

North American Energy

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0.05 (0.88%)

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