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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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MBRX

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CRY

CryoLife

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0.42 (1.39%)

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TRQ

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$1.96

-0.015 (-0.76%)

, RIO

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PANW

Palo Alto Networks

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-2.51 (-1.18%)

17:02
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Palo Alto Networks backs Q1 EPS view $1.04-$1.06, consensus $1.06 »

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TRQ

Turquoise Hill

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-0.015 (-0.76%)

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HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

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PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

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  • 16

    Oct

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BCOR

Blucora

$32.96

-0.23 (-0.69%)

16:59
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FB

Facebook

$153.56

-0.2 (-0.13%)

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Periodicals
Facebook to ban false information on voting ahead of midterms, Reuters says »

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  • 28

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ADBE

Adobe

$238.05

-10.84 (-4.36%)

16:55
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Conference/Events
Adobe to host financial analyst meeting »

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  • 15

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LDOS

Leidos

$66.00

0.91 (1.40%)

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  • 25

    Oct

AGN

Allergan

$183.03

-0.275 (-0.15%)

, ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

16:50
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Conference/Events
Aclaris Therapeutics to host conference call »

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AGN

Allergan

$183.03

-0.275 (-0.15%)

ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

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  • 15

    Oct

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    Nov

SEND

SendGrid

$30.94

0.04 (0.13%)

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Breaking Hot Stocks news story on SendGrid »

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TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

SendGrid

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  • 06

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HQCL

Hanwah Q Cells

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-0.13 (-1.56%)

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TGE

Tallgrass Energy

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WAGE

WageWorks

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0.42 (1.02%)

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COT

Cott Corp.

$14.80

-0.05 (-0.34%)

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  • 08

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EBS

Emergent BioSolutions

$60.47

-0.4 (-0.66%)

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  • 01

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EIGR

Eiger BioPharmaceuticals

$10.25

0.05 (0.49%)

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  • 27

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RPD

Rapid7

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KALU

Kaiser Aluminum

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  • 18

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ATRO

Astronics

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1.28 (3.99%)

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BXS

BancorpSouth

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