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ACAD

Acadia

$13.90

-1.33 (-8.73%)

07:24
08/07/18
08/07
07:24
08/07/18
07:24

Acadia initiated with a Hold at Stifel

Stifel analyst Paul Matteis initiated coverage of Acadia with a Hold rating and a $17 price target, stating that he believes a company update on the ongoing pimavanserin FDA safety review in the second of this year or early 2019 will remove an overhang. However, his estimates are "materially below consensus" in 2019 and he expect pimavanserin to "churn its way" to $594M in PDP revenue by 2022, which is also materially below sell-side expectations.

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ACAD Acadia
$13.90

-1.33 (-8.73%)

04/26/18
JPMS
04/26/18
NO CHANGE
JPMS
Overweight
JPMorgan still sees low risk of Acadia drug being pulled from market
JPMorgan analyst Cory Kasimov continues to see a low, "but not zero," risk of Acadia Pharmaceuticals' Nuplazid being pulled from the market. Yesterday's CNN report is "mostly noise" and "nothing new," Kasimov told investors last night in a research note. The analyst, however, says he can appreciate the impact of the FDA Commissioner indicating he would "take another look" at the drug's safety profile. Kasimov predicates his views on the formal FDA review and the agency's initial statement that Nuplazid's safety profile is consistent with the label, as well as additional commentary he received yesterday from management. The analyst views yesterday's pullback in shares of Acadia as "fundamentally unjustified based on current information." He kept an Overweight rating on the stock. Shares of Acadia are up 5% to $15.95 in early trading.
08/06/18
PIPR
08/06/18
DOWNGRADE
Target $19
PIPR
Neutral
Acadia downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals to Neutral and cut her firm's price target for the shares to $19 from $61 after taking over coverage of the name. The stock closed Friday down 27c to $15.22. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill tells investors in a research note. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019.
08/06/18
08/06/18
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. Intel (INTC) downgraded to Equal Weight from Overweight at Barclays with analyst Blayne Curtis saying he believes upside in the shares will be challenging until the company's margins bottom. 2. Immune Pharmaceuticals (IMNP) downgraded to Hold from Buy at Maxim with analyst Jason McCarthy citing the company's delisting from Nasdaq and evaluation of strategic options as it seeks to resolve its financing overhang. 3. Flowers Foods (FLO) downgraded to Equal Weight from Overweight at Consumer Edge. 4. CommScope (COMM) downgraded to Hold from Buy at Jefferies with analyst George Notter saying after "further reflection" from the earnings call and conversations with industry contacts, he believes CommScope's Mobility division performance will not improve this year or next. 5. Acadia (ACAD) downgraded to Neutral from Overweight at Piper Jaffray with analyst Danielle Brill saying the recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/06/18
08/06/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. INTERCEPT DOUBLE UPGRADED AT GOLDMAN: Goldman Sachs analyst Salveen Richter double upgraded Intercept Pharmaceuticals (ICPT) to Buy from Sell and raised his price target for the shares to $157 from $46. The analyst said Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. Intercept should benefit from Ocaliva's global first-mover advantage in NASH, Richter said. In late morning trading, Intercept shares are up 12%. BUCKINGHAM UPGRADES SQUARE TO BUY: Buckingham upgraded Square (SQ) to Buy from Neutral and raised its price target to $85 from $65. Analyst Chris Brendler said the strong Q2 results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better then expected core revenue growth into 2020. Brendler said long-run adjusted EBITDA margins of 40%-50% justify a higher valuation. PIPER CUTS ACADIA TO NEUTRAL: Piper Jaffray analyst Danielle Brill downgraded Acadia Pharmaceuticals (ACAD) to Neutral from Overweight and cut her firm's price target on shares to $19 from $61 after taking over coverage of the name. The recent negative headlines related to potential Nuplazid safety issues will continue to weigh on sales and the shares for the foreseeable future, Brill said. Further, the analyst does not have a high level of conviction for positive data from Acadia's near-term catalysts, namely the Phase 2 major depressive disorder data in September and the Phase 2 negative schizophrenia symptoms readout in the first half of 2019. BARCLAYS CUTS INTEL TO EQUAL WEIGHT: Barclays analyst Blayne Curtis downgraded Intel (INTC) to Equal Weight from Overweight and cut his price target for the shares to $53 from $62. The analyst believes upside in the shares will be challenging until the company's margins bottom. JEFFERIES SAYS OHIO INCIDENT NOT A RISK TO CHIPOTLE TRAFFIC: After analyzing digital engagement with the brand from last week and compared to the Virginia incident last July, Jefferies analyst Andy Barish does not believe the illnesses at the Ohio restaurant put Chipotle Mexican Grill's (CMG) traffic trends at risk. The analyst believes Chipotle's procedures were followed in Ohio, the number of cases was not substantiated, and the company did a better job controlling the narrative and taking action. Barish kept a Buy rating on Chipotle shares with a $550 price target.

TODAY'S FREE FLY STORIES

GS

Goldman Sachs

$229.53

2.7 (1.19%)

20:39
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20:39
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M

Macy's

$41.87

1.79 (4.47%)

, PFGC

Performance Food Group

$37.60

0.7 (1.90%)

20:25
08/14/18
08/14
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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M

Macy's

$41.87

1.79 (4.47%)

PFGC

Performance Food Group

$37.60

0.7 (1.90%)

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FAF

First American

$56.46

0.04 (0.07%)

20:16
08/14/18
08/14
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20:16
Hot Stocks
First American raises quarterly dividend by 11% to 42c per share »

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BAS

Basic Energy

$8.61

-0.11 (-1.26%)

20:12
08/14/18
08/14
20:12
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20:12
Hot Stocks
Basic Energy names David Schorlemer as new CFO »

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  • 11

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MRT

MedEquities Realty Trust

$10.00

0.16 (1.63%)

19:45
08/14/18
08/14
19:45
08/14/18
19:45
Periodicals
MedEquities Realty Trust exploring a sale, Bloomberg reports »

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F

Ford

$9.50

0.04 (0.42%)

19:26
08/14/18
08/14
19:26
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19:26
Periodicals
Ford plans to invest $740M to revamp Detroit station, other sites, Reuters says »

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PETQ

PetIQ

$28.26

1 (3.67%)

, PRSP

Perspecta

$21.64

-0.31 (-1.41%)

19:00
08/14/18
08/14
19:00
08/14/18
19:00
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS: PetIQ…

PETQ

PetIQ

$28.26

1 (3.67%)

PRSP

Perspecta

$21.64

-0.31 (-1.41%)

FENG

Phoenix New Media

$4.12

-0.055 (-1.32%)

EGN

Energen

$73.15

1.76 (2.47%)

FANG

Diamondback Energy

$133.75

1.84 (1.39%)

ADNT

Adient

$42.65

0.19 (0.45%)

ERI

Eldorado Resorts

$43.85

0.55 (1.27%)

TEVA

Teva

$22.12

0.17 (0.77%)

CASA

Casa Systems

$15.62

-0.17 (-1.08%)

A

Agilent

$66.72

0.77 (1.17%)

CREE

Cree

$50.17

-0.11 (-0.22%)

VRAY

ViewRay

$9.89

-0.01 (-0.10%)

CRZO

Carrizo Oil & Gas

$24.31

0.62 (2.62%)

03/08/13
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AAP

Advance Auto Parts

$156.01

11.22 (7.75%)

18:47
08/14/18
08/14
18:47
08/14/18
18:47
Upgrade
Advance Auto Parts rating change at Citi »

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  • 14

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SPHS

Sophiris Bio

$2.74

0.13 (4.98%)

18:37
08/14/18
08/14
18:37
08/14/18
18:37
Recommendations
Sophiris Bio analyst commentary at Piper Jaffray »

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VZ

Verizon

$52.87

0.65 (1.24%)

, GOOG

Alphabet

$1,241.95

6.85 (0.55%)

18:30
08/14/18
08/14
18:30
08/14/18
18:30
Hot Stocks
Verizon to partner with YouTube TV for 5G residential broadband package »

Verizon (VZ) announced it…

VZ

Verizon

$52.87

0.65 (1.24%)

GOOG

Alphabet

$1,241.95

6.85 (0.55%)

GOOGL

Alphabet Class A

$1,258.15

9.39 (0.75%)

03/08/13
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03/06/13
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NVDA

Nvidia

$261.47

5.39 (2.10%)

18:27
08/14/18
08/14
18:27
08/14/18
18:27
Upgrade
Nvidia rating change at Wells Fargo »

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  • 16

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ORCL

Oracle

$48.23

0.21 (0.44%)

, RMNI

Rimini Street

$6.01

0.11 (1.86%)

18:26
08/14/18
08/14
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18:26
Hot Stocks
Court grants Oracle's motion for permanent injunction against Rimini Street »

For the second time, a…

ORCL

Oracle

$48.23

0.21 (0.44%)

RMNI

Rimini Street

$6.01

0.11 (1.86%)

03/08/13
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NVDA

Nvidia

$261.47

5.39 (2.10%)

18:22
08/14/18
08/14
18:22
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18:22
Upgrade
Nvidia rating change at Wells Fargo »

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  • 16

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CVS

CVS Health

$71.39

1.88 (2.70%)

18:20
08/14/18
08/14
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18:20
Hot Stocks
CVS Health says 'actively working' with Ohio Managed Medicaid clients »

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  • 15

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VRAY

ViewRay

$9.89

-0.01 (-0.10%)

18:18
08/14/18
08/14
18:18
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18:18
Syndicate
ViewRay $125M Spot Secondary; price range $9.25-$9.50 »

Morgan Stanley, Jefferies…

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CRZO

Carrizo Oil & Gas

$24.31

0.62 (2.62%)

18:16
08/14/18
08/14
18:16
08/14/18
18:16
Syndicate
Carrizo Oil & Gas 9.5M share Spot Secondary; price range $22.90-$23.50 »

Citi and Goldman Sachs…

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  • 28

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WTW

Weight Watchers

$77.39

1.8 (2.38%)

18:12
08/14/18
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08/14/18
18:12
Syndicate
Weight Watchers 6M share Block Trade; price range $76.00-$77.00 »

Morgan Stanley is acting…

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ERI

Eldorado Resorts

$43.85

0.55 (1.27%)

, PAY

Verifone

$23.00

-0.02 (-0.09%)

18:05
08/14/18
08/14
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18:05
Hot Stocks
S&P announces changes to S&P MidCap 400 index »

S&P Dow Jones Indices…

ERI

Eldorado Resorts

$43.85

0.55 (1.27%)

PAY

Verifone

$23.00

-0.02 (-0.09%)

ADNT

Adient

$42.65

0.19 (0.45%)

DCT

DCT Industrial

$65.28

-0.34 (-0.52%)

PLD

Prologis

$64.05

-0.38 (-0.59%)

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CE

Celanese

$116.73

0.7 (0.60%)

18:00
08/14/18
08/14
18:00
08/14/18
18:00
Hot Stocks
Celanese to increase price of acetate flake by 50c/kg »

Celanese will increase…

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  • 05

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GDDY

GoDaddy

$75.81

0.52 (0.69%)

17:43
08/14/18
08/14
17:43
08/14/18
17:43
Syndicate
GoDaddy files to sell 10,398,942 shares of Class A common stock »

Selling stockholders are…

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MAG

MAG Silver

$8.64

0.07 (0.82%)

17:41
08/14/18
08/14
17:41
08/14/18
17:41
Earnings
MAG Silver reports Q2 EPS (3c), consensus (2c) »

Reports cash and cash…

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GLD

SPDR Gold Trust

$113.07

0.09 (0.08%)

17:39
08/14/18
08/14
17:39
08/14/18
17:39
Hot Stocks
SPDR Gold Trust holdings fall to 776.65MT from 784.60MT »

This is the 2nd…

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SNES

SenesTech

$0.95

-0.0779 (-7.60%)

17:36
08/14/18
08/14
17:36
08/14/18
17:36
Syndicate
Breaking Syndicate news story on SenesTech »

SenesTech files to sell…

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MXWL

Maxwell

$3.98

0.59 (17.40%)

17:36
08/14/18
08/14
17:36
08/14/18
17:36
Hot Stocks
Breaking Hot Stocks news story on Maxwell »

VIEX Capital Advisors…

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KEY

KeyCorp

$21.44

0.26 (1.23%)

, SYMC

Symantec

$18.66

-0.15 (-0.80%)

17:35
08/14/18
08/14
17:35
08/14/18
17:35
Hot Stocks
Appaloosa adds KeyCorp, exits NVIDIA »

David Tepper's…

KEY

KeyCorp

$21.44

0.26 (1.23%)

SYMC

Symantec

$18.66

-0.15 (-0.80%)

CFG

Citizens Financial

$40.39

0.54 (1.36%)

VST

Vistra Energy

$22.41

0.31 (1.40%)

EDU

New Oriental Education

$85.07

-0.08 (-0.09%)

QQQ

Invesco QQQ Trust

$181.44

1.1 (0.61%)

AMAT

Applied Materials

$48.38

0.12 (0.25%)

SMH

Market Vectors Semiconductor

$105.49

-0.25 (-0.24%)

ALL

Allstate

$98.35

0.2 (0.20%)

NVDA

Nvidia

$261.47

5.39 (2.10%)

MU

Micron

$50.62

-0.73 (-1.42%)

WDC

Western Digital

$64.98

0.75 (1.17%)

LNG

Cheniere Energy

$63.48

-0.13 (-0.20%)

WFC

Wells Fargo

$58.07

0.43 (0.75%)

PAH

Platform Specialty Products

$12.26

0.08 (0.66%)

BABA

Alibaba

$172.53

-5.12 (-2.88%)

NRG

NRG Energy

$32.83

0.33 (1.02%)

BAC

Bank of America

$30.80

0.33 (1.08%)

MGM

MGM Resorts

$28.99

-0.04 (-0.14%)

ALY

Allis-Chalmers

$0.00

(0.00%)

FB

Facebook

$181.11

1.03 (0.57%)

AGN

Allergan

$184.44

0.18 (0.10%)

GOOG

Alphabet

$1,241.95

6.85 (0.55%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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