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PFE

Pfizer

$36.15

-0.21 (-0.58%)

08:34
06/19/18
06/19
08:34
06/19/18
08:34

Pfizer doesn't appear focused on large-scale M&A, says Morgan Stanley

After meeting with Pfizer's head of IR, Chuck Triano, Morgan Stanley analyst David Risinger said his key takeaway was that the company sees the potential for "mid single digit plus" sales growth starting early next decade. Given that Lyrica is the only major patent expiration Pfizer will face over the next several years and that it has upcoming organic growth drivers, management seems focused on bolt-on acquisitions in existing therapeutic areas and large-scale M&A does not appear to be a focus, Risinger added. He keeps an Overweight rating and $43 price target on Pfizer shares.

PFE Pfizer
$36.15

-0.21 (-0.58%)

06/07/18
CANT
06/07/18
INITIATION
Target $45
CANT
Overweight
Pfizer initiated with an Overweight at Cantor Fitzgerald
Cantor analyst Louise Chen initiated Pfizer with an Overweight and $45 price target.
06/08/18
CANT
06/08/18
INITIATION
Target $45
CANT
Overweight
Cantor sees 'respectable' earnings growth for Pfizer, starts at Overweight
Cantor Fitzgerald analyst Louise Chen last night initiated coverage of Pfizer with an Overweight rating and $45 price target. Despite loss of exclusivity headwinds to sales through the end of the decade, Pfizer can post "respectable" earnings growth driven by pipeline advancements and return of capital to shareholders, Chen tells investors in a research note. She sees multiple expansion and upward earnings revisions driving the stock higher.
06/08/18
06/08/18
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. Pfizer (PFE) and Eli Lilly (LLY) were initiated with an Overweight at Cantor Fitzgerald. 2. LivaNova (LIVN) initiated with a Buy at Stifel. 3. Occidental Petroleum (OXY) and Chevron (CVX) were initiated with a Buy at Mizuho while ConocoPhillips (COP) and Exxon Mobil (XOM) were initiated with a Neutral. 4. LeMaitre (LMAT) resumed with a Buy at Roth Capital. 5. Savara (SVRA) initiated with an Outperform, sees 300% upside, says Evercore ISI. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/18
MSCO
06/13/18
NO CHANGE
MSCO
HHS 'smoke signals' worth noting for drugmakers, says Morgan Stanley
After HHS Secretary Alex Azar spoke at a two-hour Senate hearing, Morgan Stanley analyst David Risinger noted that Azar suggested that U.S. drug pricing needs to move to a system without rebates and said payments from drugmakers to PBMs should be eliminated. In listing four HHS actions that could hurt manufacturers, Risinger pointed out that Azar said he is interested in removing 100% cap on Medicaid rebates; he would like to adjust the Part D protected drug classes so that plans can extract rebates from manufacturers; HHS wants to require manufacturers to disclose drug list prices in TV ads; and HHS is focused on transitioning Part B to lower-priced private sector management. In summary, the analyst said that for drugmakers there was "no fire, but smoke signals worth noting." Publicly traded large-cap drugmakers include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).

TODAY'S FREE FLY STORIES

MRBK

Meridian Bank

$17.01

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KKR

KKR

$24.01

-0.21 (-0.87%)

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KKR put volume heavy and directionally bearish »

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AU

AngloGold

$9.86

0.05 (0.51%)

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AngloGold says Kibali Gold Mine seen delivering record performance in Q3 »

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FB

Facebook

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1.33 (0.86%)

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Snap

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-0.03 (-0.44%)

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OnTheFly
Piper's teen survey bodes well for Instagram, Prime as Apple remains dominant »

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FB

Facebook

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SNAP

Snap

$6.79

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AAPL

Apple

$220.90

1.62 (0.74%)

AMZN

Amazon.com

$1,784.13

20.22 (1.15%)

WMT

Walmart

$97.13

-0.02 (-0.02%)

SSNLF

Samsung

$0.00

(0.00%)

ATVI

Activision Blizzard

$69.71

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EA

Electronic Arts

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TTWO

Take-Two

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GOOG

Alphabet

$1,103.00

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GOOGL

Alphabet Class A

$1,112.00

7.34 (0.66%)

ZNGA

Zynga

$4.02

0.01 (0.25%)

GLUU

Glu Mobile

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VFC

VF Corp.

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ADDYY

Adidas

$0.00

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LULU

Lululemon

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2.99 (2.19%)

CROX

Crocs

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1.32 (7.14%)

SBUX

Starbucks

$58.85

0.22 (0.38%)

CMG

Chipotle

$430.22

1.13 (0.26%)

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FLXN

Flexion

$16.03

-2.93 (-15.45%)

14:29
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Flexion analyst commentary  »

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EEM

iShares MSCI Emerging Markets ETF

$40.06

0.37 (0.93%)

14:25
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10/22
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14:25
Technical Analysis
Technical Take: iShares MSCI Emerging Markets ETF has active bullish pattern »

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PENN

Penn National

$27.02

-1.14 (-4.05%)

14:25
10/22/18
10/22
14:25
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14:25
Options
Penn National call volume above normal and directionally bullish »

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  • 01

    Nov

MCD

McDonald's

$166.85

-0.6 (-0.36%)

14:24
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Earnings
Fly Intel: What to watch in McDonald's earnings report »

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  • 23

    Oct

STZ

Constellation Brands

$221.76

-1.22 (-0.55%)

, STZ.B

Constellation Brands; also tag STZ

$225.00

-3.45 (-1.51%)

14:22
10/22/18
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14:22
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Periodicals
Constellation Brands looks to sell some U.S. wine brands, Reuters says »

Constellation Brands is…

STZ

Constellation Brands

$221.76

-1.22 (-0.55%)

STZ.B

Constellation Brands; also tag STZ

$225.00

-3.45 (-1.51%)

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  • 28

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BLMN

Bloomin' Brands

$19.85

0.28 (1.43%)

14:20
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Hot Stocks
Bloomin' Brands says has had seven discussions with Barington since March 2017 »

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  • 29

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

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14:16
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NYSE market internals summary »

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14:15
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Conference/Events
RBC Capital Israeli gas & energy analyst to hold group breakfast meeting »

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STZ

Constellation Brands

$221.31

-1.67 (-0.75%)

, STZ.B

Constellation Brands; also tag STZ

$225.00

-3.45 (-1.51%)

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STZ

Constellation Brands

$221.31

-1.67 (-0.75%)

STZ.B

Constellation Brands; also tag STZ

$225.00

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YNDX

Yandex

$27.71

0.29 (1.06%)

, GOOG

Alphabet

$1,102.24

5.83 (0.53%)

14:06
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Periodicals
Russia proposes to limit foreign ownership in news aggregators, Reuters reports »

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YNDX

Yandex

$27.71

0.29 (1.06%)

GOOG

Alphabet

$1,102.24

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GOOGL

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$1,111.16

6.5 (0.59%)

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DB

Deutsche Bank

$10.74

-0.185 (-1.69%)

14:05
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Options
Deutsche Bank call volume above normal and directionally bullish »

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F

Ford

$8.44

0.085 (1.02%)

14:04
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Hot Stocks
Ford expanding test of autonomous vehicles to Washington, D.C. »

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  • 24

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ZION

Zions Bancorp

$45.92

-1.05 (-2.24%)

13:55
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Options
Zions Bancorp put volume heavy and directionally bearish »

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  • 22

    Oct

BHGE

Baker Hughes

$29.68

-0.25 (-0.84%)

13:45
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Options
Baker Hughes call volume above normal and directionally bullish »

Bullish option flow…

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  • 30

    Oct

FB

Facebook

$155.36

1.41 (0.92%)

13:42
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Oculus co-founder announces departure from Facebook »

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General news
U.S. midterms are just 2 weeks +1 day away »

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RF

Regions Financial

$16.60

-0.29 (-1.72%)

13:35
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Options
Regions Financial put volume heavy and directionally bearish »

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WFC

Wells Fargo

$51.97

-0.905 (-1.71%)

13:34
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Wells Fargo 'pleased' to reach pact with NY Attorney General »

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  • 12

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KN

Knowles

$14.32

0.07 (0.49%)

13:26
10/22/18
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13:26
Recommendations
Knowles analyst commentary  »

Knowles price target…

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