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NVRO

Nevro

$68.01

(0.00%)

09:47
07/13/18
07/13
09:47
07/13/18
09:47

Nevro falls -8.5%

Nevro is down -8.5%, or -$5.77 to $62.27.

  • 27

    Aug

NVRO Nevro
$68.01

(0.00%)

07/02/18
07/02/18
DOWNGRADE
Target $88

Equal Weight
Nevro downgraded to Equal Weight on lower commercial momentum at Morgan Stanley
As previously reported, Morgan Stanley analyst David Lewis downgraded Nevro to Equal Weight from Overweight, stating that Nevro's commercial message on clinically superiority has not resonated and competitors have gained traction, blunting the company's share gains. There is also a risk that Saluda's large-scaled randomized EVOKE study could show similar or better efficacy than Senza, Lewis added. He lowered his 2019 revenue estimate for Nevro by 3%, to 2% below consensus, and cut his price target on the shares to $88 from $94.
07/02/18
07/02/18
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. Canon (CAJ) downgraded to Sell from Neutral at Goldman Sachs with analyst Satoru Ogawa recommending a cautious stance on the Japanese precision equipment sector due to "high valuations and flagging earnings momentum." 2. Integra LifeSciences (IART) downgraded to Neutral from Buy at Citi with analyst Amit Haza saying he sees limited upside following the recent rally in the shares. 3. Nevro (NVRO) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Lewis stating that Nevro's commercial message on clinically superiority has not resonated and competitors have gained traction, blunting the company's share gains. 4. Nordstrom (JWN) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen citing the stock's current valuation after its recent run, his view of a likely lack of near-term upside to full-line sales and store traffic, and the need for improvements at the Rack division. 5. Las Vegas Sands (LVS) downgraded to Neutral from Buy at BofA/Merrill with analyst Shaun Kelley saying June was the second month of weaker than expected GGR growth, there are continued mixed reads from the firm's Macau Macro Activity Tracker, and weaker FX and trade fears have increased uncertainty. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/18
WELS
07/11/18
NO CHANGE
WELS
Market Perform
Nevro IP concerns appear overblown, says Wells Fargo
Wells Fargo analyst Larry Biegelsen notes that last week, a contentious hearing was held in the Northern District of California in the litigation where Nevro (NVRO) is asserting that Boston Scientific (BSX) infringes seven patents related to high-frequency stimulation. News coverage of the hearing has understandably focused on the fact that the judge expressed significant skepticism with respect to many of the Nevro patents and this news coverage has likely lead to a 15.1% drop in Nevro's share price on July 10, he adds. Biegelsen's patent consultant, however, believes Nevro is very likely to emerge in good shape, despite the headlines. The analyst reiterates a Market Perform rating on Nevro's shares.
07/11/18
JPMS
07/11/18
NO CHANGE
JPMS
Overweight
JPMorgan more positive on Nevro positioning in legal fight after management talk
JPMorgan analyst Robert Marcus said that after his talks with Nevro's (NVRO) management team he is more positive on the company's positioning in its ongoing legal fight against Boston Scientific (BSX). Headlines regarding a tentative ruling that supported invalidating 5 of the 7 patents at issue, which he attributes for Nevro's decline yesterday, masked that the judge favored Nevro on the two remaining patents and the company only needs to successfully defend one of its patents to keep Boston Scientific out of the market, Marcus tells investors. He maintains an Overweight rating on Nevro shares.

TODAY'S FREE FLY STORIES

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YUMC

Yum China

$36.00

-0.8 (-2.17%)

20:46
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MRSN

Mersana Therapeutics

$11.24

-5.275 (-31.95%)

20:45
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GE

General Electric

$13.73

-0.02 (-0.15%)

, HON

Honeywell

$147.57

-1.58 (-1.06%)

20:25
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Earnings
Notable companies reporting before tomorrow's openGentex »

Notable companies…

GE

General Electric

$13.73

-0.02 (-0.15%)

HON

Honeywell

$147.57

-1.58 (-1.06%)

SLB

Schlumberger

$66.91

-0.16 (-0.24%)

BHGE

Baker Hughes

$31.75

-0.79 (-2.43%)

STT

State Street

$92.84

-2.505 (-2.63%)

VFC

VF Corp.

$89.21

1 (1.13%)

STI

SunTrust

$69.00

-0.85 (-1.22%)

SWK

Stanley Black & Decker

$139.60

1.33 (0.96%)

RF

Regions Financial

$17.62

-0.43 (-2.38%)

CFG

Citizens Financial

$40.66

-0.365 (-0.89%)

KSU

Kansas City Southern

$108.48

1.93 (1.81%)

GNTX

Gentex

$23.41

-0.41 (-1.72%)

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  • 08

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  • 19

    Oct

ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

20:11
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07/19
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Recommendations
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    Aug

CDNS

Cadence Design

$45.24

-0.29 (-0.64%)

20:04
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Cadence Design announces Sigrity 2018 release »

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  • 23

    Jul

AVA

Avista

$50.40

0.06 (0.12%)

19:33
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07/19
19:33
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19:33
Hot Stocks
Idaho Public Utilities Commission postpones Avista and Hydro One merger hearing »

Hydro One Limited and…

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  • 01

    Aug

CRK

Comstock Resources

$11.35

-0.2 (-1.73%)

19:28
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19:28
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19:28
Hot Stocks
Comstock Resources acquires Haynesville shale assets for $31M »

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  • 08

    Aug

GRPN

Groupon

$4.76

0.04 (0.85%)

, IBM

IBM

$149.25

4.81 (3.33%)

19:16
07/19/18
07/19
19:16
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19:16
Periodicals
Groupon lawyer says IBM shakes down other tech companies, Reuters says »

A lawyer for Groupon…

GRPN

Groupon

$4.76

0.04 (0.85%)

IBM

IBM

$149.25

4.81 (3.33%)

03/08/13
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  • 06

    Aug

WDC

Western Digital

$77.45

-1.33 (-1.69%)

19:06
07/19/18
07/19
19:06
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19:06
Hot Stocks
Western Digital begins sampling 1.33 terrabit 3D NAND »

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  • 26

    Jul

CE

Celanese

$109.84

-1.17 (-1.05%)

, LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

19:04
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Hot Stocks
On The Fly: After Hours Movers »

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CE

Celanese

$109.84

-1.17 (-1.05%)

LLNW

Limelight Networks

$4.69

-0.04 (-0.85%)

ISRG

Intuitive Surgical

$521.30

-6.37 (-1.21%)

MSFT

Microsoft

$104.70

-0.38 (-0.36%)

SWKS

Skyworks

$102.46

0.41 (0.40%)

COF

Capital One

$95.32

-1.77 (-1.82%)

ETFC

E-Trade

$61.20

-1.94 (-3.07%)

PTCT

PTC Therapeutics

$36.61

1.59 (4.54%)

RWT

Redwood Trust

$16.64

0.135 (0.82%)

AEP

American Electric

$70.65

0.41 (0.58%)

WEC

WEC Energy

$65.23

0.51 (0.79%)

SKX

Skechers

$33.24

0.61 (1.87%)

FTD

FTD Companies

$4.52

0.06 (1.35%)

ZYNE

Zynerba

$10.40

0.24 (2.36%)

03/08/13
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    Jul

BG

Bunge

$67.99

-0.43 (-0.63%)

19:04
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Bunge in talks to sell part of sugar trading unit to Wilmar, Bloomberg says »

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  • 01

    Aug

PEG

PSEG

$52.18

0.42 (0.81%)

18:42
07/19/18
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18:42
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18:42
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PSEG rating change at Goldman Sachs »

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WEC

WEC Energy

$65.23

0.51 (0.79%)

18:41
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WEC Energy rating change at Goldman Sachs »

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AEP

American Electric

$70.65

0.41 (0.58%)

18:41
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18:41
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18:41
Upgrade
American Electric rating change at Goldman Sachs »

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  • 25

    Jul

ETR

Entergy

$80.97

0.465 (0.58%)

18:40
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07/19
18:40
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Upgrade
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LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

, INCY

Incyte

$70.10

-0.3 (-0.43%)

18:33
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LLY

Eli Lilly

$89.45

-0.6 (-0.67%)

INCY

Incyte

$70.10

-0.3 (-0.43%)

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  • 24

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    Sep

T

AT&T

$31.27

-0.46 (-1.45%)

18:20
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07/19
18:20
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Periodicals
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  • 24

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  • 09

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VLKAY

Volkswagen

$0.00

(0.00%)

18:17
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Periodicals
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GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

, GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

18:09
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Periodicals
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GOOG

Alphabet

$1,187.14

-8.67 (-0.73%)

GOOGL

Alphabet Class A

$1,199.26

-13.38 (-1.10%)

INTC

Intel

$52.01

0.3 (0.58%)

03/08/13
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  • 23

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    Oct

NWE

NorthWestern

$58.29

0.56 (0.97%)

18:03
07/19/18
07/19
18:03
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Earnings
Breaking Earnings news story on NorthWestern »

NorthWestern reaffirms…

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  • 20

    Jul

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