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MNK

Mallinckrodt

$29.31

-0.06 (-0.20%)

08:03
08/09/18
08/09
08:03
08/09/18
08:03

Mallinckrodt price target raised to $30 from $21 at Wells Fargo

Wells Fargo analyst David Maris raised his price target for Mallinckrodt to $30 from $21 following quarterly results. The analyst reiterates a Market Perform rating on the shares.

  • 09

    Aug

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  • 22

    Aug

MNK Mallinckrodt
$29.31

-0.06 (-0.20%)

08/08/18
08/08/18
DOWNGRADE

Market Perform
Mallinckrodt downgraded to Market Perform on valuation at Raymond James
As previously reported, Raymond James downgraded Mallinckrodt to Market Perform from Outperform. Analyst Elliot WIlbur said pipeline optionality remains high and is heavily discounted by valuation, and sees no "rational valuation framework" to support further upside.
08/08/18
LEER
08/08/18
NO CHANGE
Target $27
LEER
Market Perform
Mallinckrodt price target raised to $27 from $12 at Leerink
Leerink analyst Ami Fadia raised her price target for Mallinckrodt to $27 from $12 as she believes Acthar improving near-term, while longer-term growth is still in question. The analyst reiterates a Market Perform rating on the shares given the medium/longer-term uncertainty on the stock.
08/08/18
08/08/18
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. Aramark (ARMK) downgraded to Neutral from Outperform at Baird with analyst Andrew Wittmann saying the shares rallied following its results, which helped balance the risk/reward. 2. Hostess Brands (TWNK) downgraded to Sector Perform from Outperform at RBC Capital and to Hold from Buy at SunTrust. 3. Spark Therapeutics (ONCE) downgraded to Market Perform from Outperform at BMO Capital with analyst Matthew Luchini saying he believes that the company's latest SPK-8011 hemA data falls short of expectations, with totality of the data suggesting a "less competitive profile versus valrox" and reducing his confidence in the program. 4. Mallinckrodt (MNK) downgraded to Market Perform from Outperform at Raymond James with analyst Elliot WIlbur saying pipeline optionality remains high and is heavily discounted by valuation, and sees no "rational valuation framework" to support further upside. 5. Dentsply Sirona (XRAY) downgraded to Equal Weight from Overweight at Stephens and to Equal Weight from Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/18
WELS
08/08/18
NO CHANGE
Target $30
WELS
Market Perform
Mallinckrodt price target raised to $30 from $21 at Wells Fargo
Wells Fargo analyst David Maris raised his price target on Mallinckrodt to $30 after its Q2 earnings beat and FY18 guidance raise, citing stronger than expected sales of Acthar and Ofirmed. The analyst also raises his FY18 EPS view to $6.83 from $6.34, adding that while investors were worried that Acthar program could deteriorate, this is not happening, as the management has reiterated its view of at least $1B from its sales this year. Maris keeps his Market Perform rating on Mallinckrodt, noting after the rise in the stock following the Q2 release, the price now reflects the positive Acthar update.

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Smart Global

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PIR

Pier 1 Imports

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MU

Micron

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ACXM

Acxiom

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IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

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NOC

Northrop Grumman

$301.53

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

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FSCT

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MU

Micron

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1.01 (2.24%)

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CWK

Cushman & Wakefield

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ACAD

Acadia

$19.08

3.97 (26.27%)

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  • 01

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UNFI

United Natural Foods

$33.83

0.54 (1.62%)

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MDXG

MiMedx

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MDXG

MiMedx

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UTX

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NEXA

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AT

Atlantic Power

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VNDA

Vanda Pharmaceuticals

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WRD

WildHorse Resource

$21.31

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RDS.A

Royal Dutch Shell

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APC

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CVX

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MU

Micron

$46.06

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AL

Air Lease

$45.80

0.09 (0.20%)

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