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GLMD

Galmed

$12.75

0.07 (0.55%)

07:37
07/13/18
07/13
07:37
07/13/18
07:37

Technical Take: Galmed moves higher, analyst action

The shares are moving up over 8.4% to $13.85 in the pre-market, adding to the over 21% gain yesterday. At current price next resistance is at $14.90. Support is at $13.38. As previously reported, Stifel initiated coverage at Buy with a $35 price target.

GLMD Galmed
$12.75

0.07 (0.55%)

07/11/18
CANT
07/11/18
INITIATION
Target $59
CANT
Overweight
Galmed initiated with an Overweight at Cantor Fitzgerald
Cantor analyst Elemer Piros initiated Galmed with an Overweight and $59 price target.
07/12/18
CANT
07/12/18
INITIATION
Target $59
CANT
Overweight
Cantor puts $59 price target on 'undervalued' NASH play Galmed
Cantor Fitzgerald analyst Elemer Piros last night initiated coverage of Galmed Pharmaceuticals (GLMD) with an Overweight rating and $59 price target. The stock closed yesterday down 45c to $10.55. The company is developing Aramchol, a novel, once-daily, oral therapy to treat liver diseases using fattyacid/bile-acid conjugates, Piros tells investors in a research note. The analyst believes that by Q4 of 2019, only three meaningful non-alcoholic steatohepatitis pivotal programs will be in development: Allergan's (AGN) cenicriviroc, Madrigal Pharmaceuticals' (MDGL) MGL-3196, and Galmed's Aramchol. Of the three drugs, Galmed's has the highest likelihood of achieving improvement on NASH resolution without worsening of fibrosis, and improvement in fibrosis score without worsening of NASH, Piros argues. He believes Galmed is undervalued relative to peers in the NASH space.
07/12/18
07/12/18
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. Galmed (GLMD) initiated with an Overweight at Cantor Fitzgerald. 2. VF Corp. (VFC) initiated with a Buy at Deutsche Bank. 3. NetApp (NTAP) initiated with a Buy at Guggenheim. 4. Rayonier Advanced Materials (RYAM) initiated with a Buy at Berenberg. 5. Ebix (EBIX) initiated with a Buy at Maxim. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/13/18
STFL
07/13/18
INITIATION
Target $35
STFL
Buy
Galmed initiated with a Buy at Stifel
Stifel analyst Adam Walsh initiated Galmed with a Buy rating and $35 price target, calling it a "legitimate late-stage NASH play" after Aramchol recently proved itself in a Phase 2 trial as a clearly active and "very safe" compound for treating NASH.

TODAY'S FREE FLY STORIES

03:05
07/23/18
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General news
FX Update: The dollar remained on a softening track »

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-0.23 (-0.25%)

, CELG

Celgene

$85.09

-0.26 (-0.30%)

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$91.06

-0.23 (-0.25%)

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SYNT

Syntel

$39.15

0.14 (0.36%)

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FCAU

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$19.33

-0.195 (-1.00%)

PM

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$84.31

3.41 (4.22%)

RACE

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AMZN

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NFLX

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TSLA

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SNE

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$52.97

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AB

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$29.90

-0.05 (-0.17%)

BLK

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$503.01

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BEN

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IVZ

Invesco

$25.46

-0.245 (-0.95%)

LM

Legg Mason

$33.37

-0.13 (-0.39%)

TROW

T. Rowe Price

$119.87

-0.85 (-0.70%)

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INDB

Independent Bank

$88.10

6.45 (7.90%)

17:48
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Upgrade
Independent Bank rating change at Keefe Bruyette »

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BHLB

Berkshire Hills Bancorp

$41.40

0.45 (1.10%)

17:47
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Downgrade
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TWX

Acquired by T

$0.00

(0.00%)

, CMCSA

Comcast

$34.30

-0.61 (-1.75%)

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TWX

Acquired by T

$0.00

(0.00%)

CMCSA

Comcast

$34.30

-0.61 (-1.75%)

CMCSK

Comcast

$0.00

(0.00%)

SNE

Sony

$52.97

0.355 (0.67%)

FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

LGF.A

Lionsgate

$24.88

-0.08 (-0.32%)

DIS

Disney

$111.48

-0.66 (-0.59%)

VIAB

Viacom

$27.49

-0.51 (-1.82%)

VIA

Viacom

$32.10

-0.3 (-0.93%)

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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:43
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BGNE

BeiGene

$169.98

5.95 (3.63%)

16:40
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SYNT

Syntel

$39.15

0.14 (0.36%)

16:17
07/22/18
07/22
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Earnings
Syntel reports preliminary Q2 EPS 49c, consensus 44c »

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:13
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DDE

Dover Downs

$2.04

0.01 (0.49%)

16:11
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TWO

Two Harbors

$15.92

-0.05 (-0.31%)

, CYS

CYS Investments

$7.57

-0.025 (-0.33%)

13:36
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Conference/Events
CYS Investments to host special shareholder meeting »

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TWO

Two Harbors

$15.92

-0.05 (-0.31%)

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

, TWO

Two Harbors

$15.92

-0.05 (-0.31%)

13:34
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Conference/Events
Two Harbors to host special shareholder meeting »

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

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  • 08

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JD

JD.com

$35.50

-1.37 (-3.72%)

13:28
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Periodicals
JD.com plans move into Europe, Reuters reports »

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AAPL

Apple

$191.29

-0.66 (-0.34%)

12:37
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Periodicals
China aiming to supply Apple with OLED smartphone screens, WSJ says »

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PZZA

Papa John's

$51.61

0.62 (1.22%)

12:30
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EADSY

Airbus

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

12:22
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Periodicals
Airbus CEO says open to jet fighter merger with BAE Systems, Reuters reports »

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EADSY

Airbus

$0.00

(0.00%)

BAESY

BAE Systems

$0.00

(0.00%)

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VLKAY

Volkswagen

$0.00

(0.00%)

12:17
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Periodicals
Volkswagen parking cars due to new emissions testing bottlenecks, Reuters says »

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KKR

KKR

$27.26

0.21 (0.78%)

12:11
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  • 26

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PM

Philip Morris

$84.31

3.41 (4.22%)

, RACE

Ferrari

$139.98

-2.65 (-1.86%)

11:58
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Philip Morris' non-executive board chairman to assume CEO role at Ferrari »

Philip Morris (PM) said…

PM

Philip Morris

$84.31

3.41 (4.22%)

RACE

Ferrari

$139.98

-2.65 (-1.86%)

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  • 01

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MDLZ

Mondelez

$42.46

0.21 (0.50%)

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  • 25

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ACN

Accenture

$166.47

-0.47 (-0.28%)

, EADSY

Airbus

$0.00

(0.00%)

04:55
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Conference/Events
Farnborough International to hold an airshow »

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ACN

Accenture

$166.47

-0.47 (-0.28%)

EADSY

Airbus

$0.00

(0.00%)

ATI

Allegheny Technologies

$26.65

0.08 (0.30%)

BAESY

BAE Systems

$0.00

(0.00%)

BDRBF

Bombardier

$0.00

(0.00%)

CAE

CAE

$20.96

0.17 (0.82%)

CW

Curtiss-Wright

$125.79

-0.12 (-0.10%)

DASTY

Dassault Systemes

$0.00

(0.00%)

ESLT

Elbit Systems

$118.98

0.64 (0.54%)

LMT

Lockheed Martin

$322.76

3.09 (0.97%)

BA

Boeing

$354.92

-0.57 (-0.16%)

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FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

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RACE

Ferrari

$139.98

-2.65 (-1.86%)

, PM

Philip Morris

$84.31

3.41 (4.22%)

13:10
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Hot Stocks
Ferrari to name former Philip Morris chairman as CEO »

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RACE

Ferrari

$139.98

-2.65 (-1.86%)

PM

Philip Morris

$84.31

3.41 (4.22%)

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AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

, TM

Toyota

$131.87

0.11 (0.08%)

12:51
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Periodicals
Amazon, others working to counter Trump's tariff plans, Reuters says »

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AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

TM

Toyota

$131.87

0.11 (0.08%)

AA

Alcoa

$40.32

-1.36 (-3.26%)

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