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BIIB

Biogen

$358.59

3.65 (1.03%)

07:50
07/19/18
07/19
07:50
07/19/18
07:50

Biogen BAN2401 data could drive shares $20 down, $40 up, says Leerink

Leerink analyst Geoffrey Porges believes Biogen's stock faces "tremendous volatility" around the presentation of BAN2401 data at next week's Alzheimer's Association International Conference meeting. The analyst's scenario analysis suggests that a marginal result could see Biogen's stock fall to the $334 range, while very positive data could offer upside to about $393. He reiterates a Market Perform rating and $325 price target on the shares.

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BIIB Biogen
$358.59

3.65 (1.03%)

07/11/18
PIPR
07/11/18
NO CHANGE
Target $365
PIPR
Overweight
Biogen price target raised to $365 from $353 at Piper Jaffray
Piper Jaffray analyst Christopher Raymond raised his price target for Biogen (BIIB) to $365 saying a survey of 101 neurologists gives him increased confidence in the staying power of the company's multiple sclerosis franchise. Tecfidera market share "edged up slightly" during the quarter, and the survey shows signs of Roche's (RHHBY) Ocrevus "hitting a bit of a wall," Raymond tells investors in a research note. Further, the analyst continues to hear feedback that Celgene's (CELG) ozanimod "will be minimally differentiated." Despite increased signs of payer activism in the space, Biogen's MS franchise is well positioned for the near-to-intermediate term, Raymond contends. He raised his estimates for Tecfidera and keeps an Overweight rating on Biogen.
07/10/18
MZHO
07/10/18
NO CHANGE
MZHO
Buy
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.
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.

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Macy's

$21.36

-0.45 (-2.06%)

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WEBK

Wellesley Bancorp

$35.05

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JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

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AMZN

Amazon.com

$1,812.11

-45.63 (-2.46%)

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JYNT

Joint Corp.

$16.00

-1.5 (-8.57%)

12:56
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ESV

Ensco Rowan

$8.98

-0.87 (-8.83%)

12:55
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Ensco put volume heavy and directionally bearish »

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Conference/Events
Federal Reserve Bank of Dallas to hold a conference »

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INTU

Intuit

$241.77

-5.75 (-2.32%)

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  • 23

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INTU

Intuit

$241.84

-5.68 (-2.29%)

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Periodicals
TurboTax's 'discount' tricks military into paying to file taxes, ProPublica says »

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BCYC

Bicycle Therapeutics

$12.15

(0.00%)

12:44
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05/23
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12:44
Syndicate
Bicycle Therapeutics slides after opening at $13.37 »

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  • 23

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BDX

Becton Dickinson

$232.04

-3.72 (-1.58%)

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SCHW

Charles Schwab

$42.50

-1.06 (-2.43%)

12:40
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12:40
Options
Schwab puts active as shares shed 2.6% »

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TTOO

T2 Biosystems

$1.91

-0.65 (-25.39%)

12:39
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  • 07

    Jun

HPQ

HP Inc.

$19.01

-0.28 (-1.45%)

, CSCO

Cisco

$54.13

-1.56 (-2.80%)

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HP Inc.

$19.01

-0.28 (-1.45%)

CSCO

Cisco

$54.13

-1.56 (-2.80%)

JNPR

Juniper

$25.33

-0.54 (-2.09%)

CIEN

Ciena

$34.97

-0.29 (-0.82%)

FFIV

F5 Networks

$137.43

-2.9 (-2.07%)

NOK

Nokia

$4.98

-0.14 (-2.73%)

MSFT

Microsoft

$124.85

-2.82 (-2.21%)

AAPL

Apple

$178.43

-4.18 (-2.29%)

DELL

Dell Technologies

$65.75

-3.26 (-4.72%)

LNVGY

Lenovo

$0.00

(0.00%)

GOOG

Alphabet

$1,129.61

-20.89 (-1.82%)

GOOGL

Alphabet Class A

$1,133.98

-19.13 (-1.66%)

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TTWO

Take-Two

$103.79

-0.49 (-0.47%)

, EA

Electronic Arts

$92.40

-1.72 (-1.83%)

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TTWO

Take-Two

$103.79

-0.49 (-0.47%)

EA

Electronic Arts

$92.40

-1.72 (-1.83%)

ATVI

Activision Blizzard

$42.30

-0.61 (-1.42%)

TCEHY

Tencent

$0.00

(0.00%)

UBSFY

Ubisoft

$0.00

(0.00%)

NTDOY

Nintendo

$0.00

(0.00%)

MSFT

Microsoft

$124.84

-2.83 (-2.22%)

SNE

Sony

$48.42

-2.07 (-4.10%)

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    Nov

TSLA

Tesla

$194.73

3.34 (1.75%)

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  • 11

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TTOO

T2 Biosystems

$1.92

-0.64 (-25.00%)

12:34
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  • 07

    Jun

XLF

Financial Select Sector

$26.60

-0.4 (-1.48%)

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Hedging activity in SPDR Healthcare Fund »

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