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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).

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TSLA

Tesla

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Nissan

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FSFG

First Savings Financial Group

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First Savings Financial raises quarterly dividend to 16c per share from 15c »

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Microsoft

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Employees demand Microsoft cancel $480M U.S. Army contract, Reuters says »

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ENT

Global Eagle

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Breaking General news story  »

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NOC

Northrop Grumman

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2.54 (0.89%)

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Northrop Grumman exec Kalan sells 4,312 common shares »

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LYB

LyondellBasell

$89.14

0.63 (0.71%)

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Breaking Syndicate news story on LyondellBasell »

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TCCO

Technical Comm Corp

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0.17 (6.56%)

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INFU

InfuSystem

$4.15

0.04 (0.97%)

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InfuSystem announces settlement of derivative lawsuit »

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KALU

Kaiser Aluminum

$108.22

-1.9 (-1.73%)

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Kaiser Aluminum names Neal West as new CFO »

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ALDR

Alder Biopharmaceuticals

$14.35

0.19 (1.34%)

17:00
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Alder Biopharmaceuticals submits eptinezumab BLA to FDA »

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RF

Regions Financial

$16.24

-0.01 (-0.06%)

16:59
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Syndicate
Breaking Syndicate news story on Regions Financial »

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HL

Hecla Mining

$2.59

-0.145 (-5.31%)

16:58
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Syndicate
Breaking Syndicate news story on Hecla Mining »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

, CELG

Celgene

$89.15

0.54 (0.61%)

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Hot Stocks
Bristol-Myers files proxy statement in connection with proposed Celgene merger »

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BMY

Bristol-Myers

$50.99

0.84 (1.68%)

CELG

Celgene

$89.15

0.54 (0.61%)

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:48
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16:48
Earnings
Tenneco sees FY19 revenue growth up 4%-5%, consensus $4.65B »

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TEN

Tenneco

$36.29

0.76 (2.14%)

16:46
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Earnings
Tenneco reports preliminary Q4 revenue $4.3B, consensus $4.3B »

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XRX

Xerox

$31.50

0.16 (0.51%)

16:44
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Conference/Events
Xerox management to meet with Loop Capital »

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TWTR

Twitter

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0.94 (3.06%)

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ALLY

Ally Financial

$26.95

-0.07 (-0.26%)

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Ally Financial CEO sells over 97,000 common shares »

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DAL

Delta Air Lines

$51.52

0.04 (0.08%)

16:33
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Delta Air Lines' West sells 36,000 common shares »

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REN

Resolute Energy

$31.61

0.09 (0.29%)

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Options
Preliminary option volume of 18.8M today »

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ORI

Old Republic

$21.14

0.04 (0.19%)

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Old Republic raises quarterly dividend to 20c from 19.5c per share »

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VIX

Volatility Index S&P 500 Options

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16:20
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Options
Closing CBOE SPX and VIX Index summary for February 22nd »

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$NSD

NASDAQ Market Internals

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Technical Analysis
NASDAQ market internals summary »

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