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TLRY

Tilray

$164.91

21.32 (14.85%)

08:35
10/02/18
10/02
08:35
10/02/18
08:35

Tilray price target removed on 'unprecedented volatility' at Roth Capital

Roth Capital analyst Scott Fortune removed Tilray's price target after assuming coverage of the stock, citing "unprecedented volatility." The analyst notes that Tilray has experienced extreme volatile trading, with the stock halted five times on September 19 and a 150-point trading swing on the same day. The stock has a small number of shares outstanding, significant short interest, and not many investors that can loan the stock to short sellers, he points out, adding that the cannabis industry continues to trade with extreme volatility due to M&A and partnership speculation. He reiterates a Neutral rating on the stock.

TLRY Tilray
$164.91

21.32 (14.85%)

09/06/18
NORL
09/06/18
DOWNGRADE
NORL
Market Perform
Tilray downgraded to Market Perform from Outperform at Northland
09/06/18
09/06/18
DOWNGRADE

Market Perform
Tilray downgraded to Market Perform after 'massive' move up at Northland
As previously reported, Northland analyst Mike Grondahl downgraded Tilray to Market Perform from Outperform. While he continues to see the company playing a "huge role" in the recreational-use cannabis market in Canada and other countries and the medical market in Europe, he also believes the risk/reward is far more balanced following the recent "massive" move in the stock. Though he lowered his rating, Grondahl also sees optionality for Tilray from other new markets, including potentially the U.S. someday, he noted.
09/06/18
09/06/18
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. ANALYSTS WEIGH IN ON MICRON: Despite recent softness in DRAM spot pricing, the more appropriate metric for Micron Technology (MU) investors to focus on is gross margin, Deutsche Bank analyst Sidney Ho said. On gross margin, the analyst sees Micron benefiting from "solid cost improvement through technology transition" in fiscal 2019. Further, he believes the DRAM market has become more diverse, which should help offset temporary weakness in any given end market. As the company continues to execute on its technology roadmap and delivers solid operating results, Ho expects Micron's stock valuation to re-rate. He kept a Buy rating and $80 price target on Micron. However, Baird analyst Tristan Gerra said Micron is no longer a top large-cap idea, citing its valuation and the likelihood gross margins may be nearing their peak. He also noted DRAM pricing is likely peaking and NAND is in significant oversupply. Gerra maintained an Outperform rating but lowered his price target to $75 from $100 on Micron shares. ARGUS UPGRADES PG&E TO BUY: Argus analyst Jacob Kilstein upgraded PG&E (PCG) to Buy from Hold with a price target of $54, saying the company's recent California legislative victory will reduce its liability for last year's wildfire as its earnings outlook improves. Kilstein further anticipates PG&E to announce a timeline regarding its dividend reinstatement after being forced to suspend its quarterly payout on concerns about its potential wildfire damage responsibility estimated as high as $12B. NORTHLAND DOWNGRADES TILRAY TO MARKET PERFORM: Northland analyst Mike Grondahl downgraded Tilray (TLRY) to Market Perform from Outperform. While he continues to see the company playing a "huge role" in the recreational-use cannabis market in Canada and other countries and the medical market in Europe, he also believes the risk/reward is far more balanced following the recent "massive" move in the stock. JPMORGAN CUTS FRANKLIN RESOURCES TO UNDERWEIGHT: JPMorgan analyst Kenneth Worthington downgraded Franklin Resources (BEN) to Underweight from Neutral and lowered his price target for the shares to $29 from $32. The analyst believes the more recent weakness in emerging markets, and in particular in emerging market debt, will weigh on both Franklin's organic growth and earnings potential. He thinks challenges in emerging markets put additional pressure on "an already challenging growth story characterized by weak fund performance, significant outflows, and declining margins." Worthington continues to have a negative view on the asset management sector.
09/20/18
STFL
09/20/18
NO CHANGE
STFL
Top 22 Canadian cannabis stocks up 127% since Constellation pact, says Stifel
Yesterday's significant outperformance for Canadian cannabis stocks, led by Tilray (TLRY), at one point pushed the total market capitalization for Canadian Licensed Producers above $C80B, before they closed with a combined market cap of C$73B, calculates Stifel analyst Christopher Growe. Since August 15, when Constellation Brands (STZ) announced a pact to invest C$5B into Canopy Growth (CGC), the top 22 Canadian cannabis stocks are up 127% in stock price, noted Growe. A $C73B market cap in relation to what he estimates to be an addressable Canadian market of C$10B is "difficult to fathom," so valuations require global opportunities to be realized, added Growe, who said he questions the pace of development and degree of advantage for these companies. Companies in the cannabis space that can be traded in the U.S. include Aurora Cannabis (ACBFF), CV Sciences (CVSI), Canopy Growth, Cronos Group (CRON) and Tilray.

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AMC's Collier named next leader of Fox Network, NY Times reports »

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AMC

AMC Entertainment

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VLKAY

Volkswagen

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Audi electric SUV facing delay due to software bug, Reuters reports »

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BX

Blackstone

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Fiat Chrysler

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Fiat agrees to sell Magneti Marelli to KKR's Calsonic, Bloomberg says »

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KKR

KKR

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MRK

Merck

$72.34

0.12 (0.17%)

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AstraZeneca

$39.21

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Merck, AstraZeneca announce detailed results from Phase 3 SOLO-1 trial »

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Merck

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AstraZeneca

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VAR

Varian Medical

$104.25

-1.575 (-1.49%)

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Varian unveils new Bravos afterloader system for brachytherapy treatments »

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NTGN

Neon Therapeutics

$8.88

0.56 (6.73%)

14:30
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Conference/Events
Neon Therapeutics management to meet with Morgan Stanley »

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GTHX

G1 Therapeutics

$46.88

-0.07 (-0.15%)

14:13
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G1 presents additional data from randomized Phase 2 trial in first-line SCLC »

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NCNA

NuCana

$18.90

1.9 (11.18%)

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LPTX

Leap Therapeutics

$6.44

-0.17 (-2.57%)

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Merck

$72.34

0.12 (0.17%)

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Leap Therapeutics

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MRK

Merck

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INCY

Incyte

$66.09

1.66 (2.58%)

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LOXO

Loxo Oncology

$160.01

-7.58 (-4.52%)

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Bayer

$0.00

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13:58
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Loxo's larotrectinib delivers 81% ORR in expanded dataset of 109 TRK fusion cancer »

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Loxo Oncology

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Bayer

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LOXO

Loxo Oncology

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Loxo announces larotrectinib clinical update in patients with TRK fusion cancers »

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LOXO

Loxo Oncology

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BAYRY

Bayer

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MRTX

Mirati Therapeutics

$40.04

-1.82 (-4.35%)

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RHHBY

Roche

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GILD

Gilead

$73.27

-0.9 (-1.21%)

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Galapagos NV

$107.66

2.29 (2.17%)

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Gilead, Galapagos NV announced data from Phase 3 FINCH2 trial of filgotinib »

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Gilead

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Galapagos NV

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BLRX

BioLineRx

$0.98

-0.22 (-18.33%)

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Merck

$72.34

0.12 (0.17%)

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BioLineRx

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Merck

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ADAP

Adaptimmune

$10.79

-0.09 (-0.83%)

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RHHBY

Roche

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PFE

Pfizer

$44.50

0.48 (1.09%)

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MRK

Merck

$72.34

0.12 (0.17%)

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Merck presents early data for STING agonist in advanced solid tumors/lymphomas »

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DVAX

Dynavax

$10.90

-0.47 (-4.13%)

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Merck

$72.34

0.12 (0.17%)

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Merck

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EXEL

Exelixis

$16.27

-0.25 (-1.51%)

12:44
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