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ALDR

Alder Biopharmaceuticals

$19.35

0.2 (1.04%)

19:58
08/07/18
08/07
19:58
08/07/18
19:58

Alder Biopharma on track for 2020 launch of eptinezumab, say Piper Jaffray

Piper Jaffray analyst Danielle Brill kept her Overweight rating and $28 price target on Alder Biopharma after its in-line Q2 earnings, saying the company is on track for submission for eptinezumab in Q1 of 2019 with potential launch coming in Q1 of 2020. The analyst states that she still sees the drug as "meaningfully differentiated from the competition due to its rapid onset of action and deep magnitude of efficacy". Brill notes that the stock is compelling given the drug's unique features and large market size, and its latest quarterly update suggests the company can fund its operations into 2020.

  • 07

    Aug

  • 08

    Aug

ALDR Alder Biopharmaceuticals
$19.35

0.2 (1.04%)

06/27/18
NEED
06/27/18
INITIATION
Target $28
NEED
Buy
Alder Biopharmaceuticals assumed with a Buy at Needham
Needham analyst Serge Belanger assumed Alder Biopharmaceuticals with a Buy rating and a price target of $28, saying the company is positioned as a "rare pure-play migraine story". Belanger cites the positive pivotal phase 3 trial data for its Eptinezumab drug where it met all the endpoints and demonstrated an efficacy profile relative to competitive treatments. The analyst believes that Eptinezumab will appeal to "most severe of migraine patients where it will generate blockbuster-level sales" of over $1B.
08/06/18
PIPR
08/06/18
INITIATION
Target $28
PIPR
Overweight
Alder Biopharmaceuticals initiated with an Overweight at Piper Jaffray
Piper Jaffray analyst Danielle Brill started Alder Biopharmaceuticals with an Overweight rating and $28 price target. Alder is undervalued despite having a "late-stage, de-risked, and differentiated" asset that addresses the large, under-served migraine population, Brill tells investors in a research note. The analyst finds the stock "very attractive at current levels."
08/06/18
08/06/18
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. Global Blood Therapeutics (GBT) initiated with an Overweight at Piper Jaffray. 2. Welltower (WELL) reinstated with a Neutral at Goldman Sachs. 3. Sage Therapeutics (SAGE) initiated with an Overweight at Piper Jaffray. 4. SoftBank (SFTBY) initiated with a Buy at UBS. 5. Alder Biopharmaceuticals (ALDR) initiated with an Overweight at Piper Jaffray. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/07/18
STFL
08/07/18
INITIATION
Target $30
STFL
Buy
Alder Biopharmaceuticals initiated with a Buy at Stifel
Stifel analyst Paul Matteis initiated coverage of Alder BioPharmaceuticals with a Buy rating and $30 price target, calling it an attractive, differentiated "pure play" within the migraine antiCGRP prevention market. While Matteis acknowledges it "won't be easy" for Alder to compete with Amgen (AMGN), Novartis (NVS), Eli Lilly (LLY) and Teva (TEVA), he believes the unique profile of eptinezumab remains underappreciated and may allow it to capture meaningful, above consensus share of a large, emerging drug category.

TODAY'S FREE FLY STORIES

BOLD

Audentes Therapeutics

$33.74

0.7 (2.12%)

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  • 12

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VNOM

Viper Energy

$38.06

-0.29 (-0.76%)

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SCPH

scPharmaceuticals

$4.94

-0.43 (-8.01%)

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  • 24

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MDT

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-0.54 (-0.60%)

, TJX

TJX

$101.68

1.33 (1.33%)

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  • 21

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

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TGE

Tallgrass Energy

$26.23

0.63 (2.46%)

19:23
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TLRY

Tilray

$35.91

5.2 (16.93%)

19:18
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  • 28

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LFL

LATAM Airlines

$0.00

(0.00%)

19:10
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Earnings
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MNOV

MediciNova

$8.99

-0.11 (-1.21%)

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HTZ

Hertz

$21.05

0.155 (0.74%)

, FN

Fabrinet

$44.00

0.365 (0.84%)

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SITO

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NDSN

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Appian

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Cree

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MELI

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$319.70

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  • 20

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IBKR

Interactive Brokers

$61.99

0.76 (1.24%)

18:43
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FINRA fines Interactive Brokers $5.5M for regulation SHO violations »

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MSFT

Microsoft

$106.87

-0.71 (-0.66%)

18:29
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LinkedIn to let economics researchers mine its data »

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  • 04

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GSB

GlobalSCAPE

$3.46

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  • 10

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BHP

BHP Billiton

$48.30

0.38 (0.79%)

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LII

Lennox

$225.37

2.76 (1.24%)

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GDI

Gardner Denver

$28.29

0.36 (1.29%)

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MMM

3M

$204.57

-0.24 (-0.12%)

18:09
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Initiation
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ETN

Eaton

$81.33

0.35 (0.43%)

18:05
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Initiation
Eaton initiated at Morgan Stanley »

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FLS

Flowserve

$51.51

0.16 (0.31%)

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Initiation
Flowserve initiated at Morgan Stanley »

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ITW

Illinois Tool Works

$138.37

-1.05 (-0.75%)

17:59
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Initiation
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CFX

Colfax

$33.28

0.62 (1.90%)

17:56
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ALLE

Allegion

$86.97

0.26 (0.30%)

17:54
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Initiation
Allegion initiated at Morgan Stanley »

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CGNX

Cognex

$52.42

0.02 (0.04%)

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Initiation
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UTX

United Technologies

$135.14

0.73 (0.54%)

17:47
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JCI

Johnson Controls

$38.73

0.48 (1.25%)

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