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GKOS

Glaukos

$44.79

-0.64 (-1.41%)

, NVS

Novartis

$83.78

-0.29 (-0.34%)

08:01
08/29/18
08/29
08:01
08/29/18
08:01

CyPass market removal a 'clear positive' for Glaukos, says William Blair

William Blair analyst Brian Weinstein believes Alcon's voluntary global market withdrawal of its CyPass Micro-Stent for surgical glaucoma is a "clear positive for near-term numbers" at Glaukos (GKOS). If Glaukos' iStent takes all of the CyPass market share while it is off the market, the company could add as much as $50M in the U.S. alone to its 2019 total revenue of around $186M, Weinstein tells investors in a research note, while admitting this is a bullish stance. The analyst thinks the news this morning from Alcon should be viewed as a positive for Glaukos, as a major part of the short thesis was on competition in the core iStent market, mainly from Alcon. He keeps an Outperform rating on Glaukos shares.

GKOS

Glaukos

$44.79

-0.64 (-1.41%)

NVS

Novartis

$83.78

-0.29 (-0.34%)

  • 05

    Sep

  • 12

    Sep

GKOS Glaukos
$44.79

-0.64 (-1.41%)

07/10/18
BMOC
07/10/18
DOWNGRADE
Target $44
BMOC
Market Perform
Glaukos downgraded to Market Perform at BMO Capital on valuation
As reported earlier, BMO Capital analyst Joanne Wuensch downgraded Glaukos to Market Perform from Outperform but raised her price target to $44 from $42. The analyst notes that the stock price has risen 67% year-to-date, and its current valuation of 7.7-times enterprise value to next-twelve-month revenues will require an even more rapid revenue recovery than the anticipated 14.6% expected growth rate in FY19. Wuensh adds that the projected revenue growth is driven by the FDA approval of the company's iStent Inject, rising from 3.9% expected in FY18.
08/03/18
PIPR
08/03/18
NO CHANGE
Target $46
PIPR
Overweight
Glaukos price target raised to $46 from $38 at Piper Jaffray
Piper Jaffray analyst Matt O'Brien raised his price target for Glaukos to $46 citing the company's better than expected Q2 result. . The big news from the quarter is that Glaukos is pushing out the timing of iStent stand-alone by a couple years but accelerating the iDose by a year, O'Brien tells investors in a research note. He views the disclosure as a net neutral but expects the stock to trade down today. The analyst, however, believes the the pros outweigh the negatives and keeps a Overweight rating on Glaukos.
08/13/18
PIPR
08/13/18
NO CHANGE
Target $46
PIPR
Overweight
Glaukos competitor received FDA approval on Friday, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien points out that privately-held Ivantis received FDA approval on Friday for its Hydrus stent to treat glaucoma. This should be a direct competitor to Glaukos' iStent, O'Brien tells investors in a research note. Though the timing of summer 2018 was expected, shares of Glaukos are likely to pull back today on the news, the analyst contends. O'Brien, however, does not expect too much of an impact on Glaukos sales from Ivantis given that the company still has to build out a commercial sales force and ensure proper training. In addition, the analyst believes "there is plenty of room for multiple players in this market." He remains constructive on Glaukos with an Overweight rating and $46 price target.
08/24/18
WELS
08/24/18
NO CHANGE
Target $50
WELS
Outperform
Ivantis counterclaim against Glaukos looks weak, says Wells Fargo
Following a review by his firm's patent consultant, Wells Fargo analyst Larry Biegelsen says Ivantis' counterclaim, alleging that Glaukos' new iStent inject product will infringe three Ivantis patents, appears weak. The Ivantis patents very specifically add a detail about the placement of the shunt, which reads as "too straightforward" or "obvious," the patent consultant told the analyst. As such, he believes the patents will ultimately be found invalid. Biegelsen keeps an Outperform rating on Glaukos with a $50 price target.
NVS Novartis
$83.78

-0.29 (-0.34%)

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.
08/13/18
PIPR
08/13/18
NO CHANGE
PIPR
Overweight
Regeneron should be bought on 'largely meaningless' CRL, says Piper Jaffray
Piper Jaffray analyst Christopher Raymond recommends buying shares of Regeneron Pharmaceuticals on weakness after the company received a Complete Response Letter from the FDA regarding Eylea's supplemental Biologics License Application for Q12W dosing in wet macular degeneration. The CRL is "largely meaningless" as this label expansion is almost entirely a defensive move by Regeneron to counter potential Q12W labeling by competitor Novartis' (NVS) RTH258, Raymond tells investors in a research note. The analyst has "reasonable confidence" that approval for this label will come within two months. He keeps an Overweight rating on shares of Regeneron.
08/16/18
08/16/18
DOWNGRADE

Hold
AstraZeneca downgraded to Hold following outperformance at Jefferies
As previously reported, Jefferies analyst Ian Hilliker downgraded AstraZeneca (AZN) to Hold from Buy citing valuation following the stock's outperformance since he upgraded it in March. Hilliker has raised his price target on AstraZeneca to 6,200p, but notes that this only leaves about 8% of further upside. Following results for the Q2 period, Hilliker said Novartis (NVS) remains his top European Pharmaceuticals pick, followed by Roche (RHHBY) and GlaxoSmithKline (GSK) in third place.
08/23/18
MSCO
08/23/18
NO CHANGE
Target $45
MSCO
Overweight
Pfizer price target raised to $45 from $43 at Morgan Stanley
Morgan Stanley analyst David Risinger maintained an Overweight rating on Pfizer (PFE) and raised his price target to $45 based upon a 5-year CAGR for revenue growth of 3% and EPS growth of 7%. In a research note to investors, Risinger says he believes the primary driver of major pharma stock performance in recent months is "defensive rotation." Additionally, he notes that political news has been "encouraging" as of late, with President Trump tweeting on July 19 "Thank you to Novartis (NVS) for not increasing your prices on prescription drugs. Likewise to Pfizer." Looking ahead, the analyst says to watch for U.S. pricing perception drivers in the coming months that could impact pharma stock performance, including potential additional HHS action on drug rebates, November election results and manufacturer communication and action on U.S. list prices by early January.

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WHITF

Whitehaven Coal

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WLWHY

Woolworths

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04:49
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General news
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KKR

KKR

$28.12

-0.13 (-0.46%)

21:13
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A

Agilent

$70.38

0.43 (0.61%)

21:11
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Agilent acquires ACEA Bioscience for $250M in cash »

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EQM

EQT Midstream Partners

$52.64

-2.16 (-3.94%)

20:58
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09/25
20:58
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20:58
Recommendations
EQT Midstream Partners analyst commentary at MUFG »

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FPAY

FlexShopper

$1.16

-0.69 (-37.30%)

20:42
09/25/18
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Syndicate
FlexShopper 10M unit Secondary priced at $1.00 »

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IGC

IGC, Inc

$2.32

-0.22 (-8.66%)

20:40
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IGC to enter Hemp/CBD-infused energy drink space »

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DAL

Delta Air Lines

$57.10

-0.33 (-0.57%)

20:32
09/25/18
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20:32
Periodicals
Breaking Periodicals news story on Delta Air Lines »

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

, SPX

S&P 500

$0.00

(0.00%)

20:32
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Periodicals
Trump considering keeping Deputy AG Rosenstein, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$290.73

-0.36 (-0.12%)

SPX

S&P 500

$0.00

(0.00%)

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ARCE

Arco Platform

$0.00

(0.00%)

20:31
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Syndicate
Arco Platform 11.111M share IPO priced at $17.50 »

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KMX

CarMax

$75.87

-0.01 (-0.01%)

20:25
09/25/18
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Earnings
Notable companies reporting before tomorrow's open »

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AINC

Ashford

$75.95

-11.75 (-13.40%)

20:23
09/25/18
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20:23
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Syndicate
Ashford 270K share Secondary priced at $74.50 »

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  • 27

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ANAB

AnaptysBio

$94.68

-7.25 (-7.11%)

20:21
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Syndicate
AnaptysBio 2.2M share Secondary priced at $94.46 »

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  • 26

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SF

Stifel Financial

$53.96

-0.08 (-0.15%)

20:01
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Stifel Financial and Everbright Sun Hung Kai establish strategic partnership »

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  • 25

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I

Intelsat

$27.08

4.365 (19.22%)

19:59
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Intelsat and Azercosmos announce successful satellite launch »

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SKY

Skyline

$30.88

0.66 (2.18%)

19:49
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KBH

KB Home

$25.29

-0.24 (-0.94%)

, AIR

AAR Corp.

$46.03

1.04 (2.31%)

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KB Home

$25.29

-0.24 (-0.94%)

AIR

AAR Corp.

$46.03

1.04 (2.31%)

VSTM

Verastem

$7.15

-1.74 (-19.57%)

CGIX

Cancer Genetics

$1.22

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VNDA

Vanda Pharmaceuticals

$20.70

0.3 (1.47%)

NLSN

Nielsen

$27.21

0.055 (0.20%)

CYH

Community Health

$3.41

-0.08 (-2.29%)

AUPH

Aurinia Pharmaceuticals

$5.89

0.02 (0.34%)

GOOS

Canada Goose

$58.00

-0.04 (-0.07%)

ABBV

AbbVie

$93.78

0.34 (0.36%)

NKE

Nike

$84.79

0.52 (0.62%)

CTAS

Cintas

$212.99

1.81 (0.86%)

LULU

Lululemon

$158.42

1.04 (0.66%)

CONE

CyrusOne

$64.65

-0.6 (-0.92%)

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CBS

CBS

$56.54

-0.07 (-0.12%)

19:19
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CBS names Richard Parsons interim chairman »

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ZUMZ

Zumiez

$27.00

-0.55 (-2.00%)

19:09
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Initiation
Zumiez initiated at DA Davidson »

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