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BIIB

Biogen

$342.41

-11.38 (-3.22%)

, ESALY

Eisai

$0.00

(0.00%)

10:26
07/10/18
07/10
10:26
07/10/18
10:26

Biogen, Eisai not sharing details on BAN2401 presentation at AAIC, says Mizuho

After Biogen (BIIB) and partner Eisai's (ESALY) recent announcement that BAN2401 demonstrated statistically significant slowing in clinical decline and reduction of amyloid beta accumulation in a trial of Alzheimer's patients, Mizuho analyst Salim Syed said he has checked with both companies and neither is divulging any details about what sort of data on the trial will be shared at the upcoming AAIC meeting. He maintains a Buy rating and $423 price target on Biogen shares.

BIIB

Biogen

$342.41

-11.38 (-3.22%)

ESALY

Eisai

$0.00

(0.00%)

  • 24

    Jul

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    Jul

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    Jul

BIIB Biogen
$342.41

-11.38 (-3.22%)

07/10/18
07/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Walgreens Boots Alliance (WBA) downgraded to In Line from Outperform at Evercore ISI. 2. Chipotle (CMG) downgraded to Underperform from Neutral at Mizuho with analyst Jeremy Scott saying after an 80% rally since the new CEO appointment, Chipotle shares currently price in an "aggressive recovery" in both comps and margins. 3. Biogen (BIIB) downgraded to Neutral from Outperform at Baird with analyst Brian Skorney saying that following a quick ~35% move since his April upgrade, he is taking his gains off the table on the back of the BAN2401 results. 4. eBay (EBAY) downgraded to Hold from Buy at SunTrust with analyst Youssef Squali citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. 5. Square (SQ) assumed and downgraded to a Hold from Buy at Jefferies and a Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/18
BARD
07/10/18
DOWNGRADE
Target $323
BARD
Neutral
Biogen downgraded to Neutral from Outperform at Baird
Baird analyst Brian Skorney downgraded Biogen to Neutral and told investors in a research note that following a quick ~35% move since his April upgrade, he is taking his gains off the table on the back of the BAN2401 results. Skorney says he does not believe such a "seismic" move is justified on the back of "pretty ambiguous" Alzheimer's data. The analyst says he is stepping to the sidelines, but keeping his $323 price target.
07/10/18
RBCM
07/10/18
NO CHANGE
Target $349
RBCM
Sector Perform
Biogen price target raised to $349 from $320 at RBC Capital
RBC Capital analyst Brian Abrahams raised his price target on Biogen to $349, saying his conference call with Martin Sadowski, Associate Professor at the New York University School of Medicine, suggests positive implications for the company's BAN2401 top-line data. Abrahams notes that Sadowski validated the the beta-amyloid hypothesis of the study and also increased his probability of success estimates for '2401 and aducanumab to 65% from 40%. The analyst keeps his Sector Perform rating on Biogen, adding that while the recent upside stock move is justified, the current valuation reflects the implications of the study and offers less favorable risk-reward.
07/10/18
BARD
07/10/18
DOWNGRADE
BARD
Neutral
Biogen downgraded to Neutral from Outperform at Baird
ESALY Eisai
$0.00

(0.00%)

07/06/18
NOMU
07/06/18
UPGRADE
NOMU
Buy
Eisai upgraded to Buy from Neutral at Nomura Instinet
07/06/18
MSCO
07/06/18
NO CHANGE
Target $369
MSCO
Overweight
Biogen likely to be up 5%-10% on positive Alzheimer's data, says Morgan Stanley
Morgan Stanley analyst Matthew Harrison said the fact that Eisai (ESALY) and Biogen's (BIIB) BAN2401 trial achieved positive topline results at an 18 month landmark analysis is a "clear positive" for the perception of aducanumab and he expects Biogen's shares to be up 5% to over 10% following the news. Harrison added that he would expect full data to be reported at the CTAD meeting in October as he thinks the AAIC meeting coming up in late July is too close. He keeps an Overweight rating and $369 price target on Biogen shares.

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SCHW

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EADSY

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SPY

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EADSY

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BA

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$350.81

4.79 (1.38%)

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SPY

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$279.57

0.3 (0.11%)

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$0.00

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0.3 (0.11%)

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LLL

L3 Technologies

$203.32

1.29 (0.64%)

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FB

Facebook

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Twitter

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AVGO

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XYL

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HJLI

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CKH

Seacor

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ZTCOY

ZTE Corp.

$0.00

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SKY

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