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ELAN

Elanco

$32.66

0.31 (0.96%)

05:02
10/15/18
10/15
05:02
10/15/18
05:02

Elanco initiated with a Neutral at Goldman Sachs

Goldman Sachs analyst Jamie Rubin started Elanco Animal Health with a Neutral rating and $30 price target. The analyst views the company's story as attractive but believes the valuation has gotten "ahead of itself." He finds the risk/reward as current share levels as balanced.

  • 06

    Nov

ELAN Elanco
$32.66

0.31 (0.96%)

10/12/18
CHLM
10/12/18
INITIATION
Target $33
CHLM
Hold
Elanco initiated with a Hold at Craig-Hallum
Craig-Hallum analyst Kevin Ellich initiated Elanco Animal Health (ELAN) with a Hold rating and $33 price target. While Elanco is well positioned to expand gross margin by about 10 percentage points over the next five years which will drive mid-teens operating income growth and Ellich likes the company's focus on pet therapeutics and disease prevention as well as food animal future protein and health, he believes shares are fairly valued trading at ~19x FY20 EV/EBITDA, which is an 8% premium to industry leader Zoetis (ZTS). With shares up 35% from the September 19 IPO price of $24, the analyst tells investors in a research note that he looks to get more positive on pullbacks, improved liquidity as Eli Lilly (LLY) still owns 80% of Elanco stock, and improved visibility on longer-term growth drivers that could lead to upside to his projections.
10/12/18
CHLM
10/12/18
INITIATION
CHLM
Hold
Elanco initiated with a Hold at Craig-Hallum
09/26/18
09/26/18
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. First Cash Financial (FCFS) initiated with an Overweight at Barclays. 2. Hostess Brands (TWNK) initiated with a Neutral at Citi. 3. Repligen (RGEN) initiated with a Neutral at H.C. Wainwright. 4. Evofem (EVFM) initiated with an Overweight at Cantor Fitzgerald. 5. Elanco (ELAN) initiated with a Market Perform at BMO Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/26/18
BMOC
09/26/18
INITIATION
Target $33
BMOC
Market Perform
Elanco initiated with a Market Perform at BMO Capital
BMO Capital analyst Alex Arfaei initiated Elanco (ELAN) with a Market Perform rating and a price target of $33, saying the company's valuation "overlooks execution uncertainty". The analyst notes that the market assigns Elanco the same multiple as that of Zoetis (ZTS), but sees some "important differences" between the two in terms of growth potential and sales mix, with Elanco having more uncertainty on R&D productivity and core business elements. Arfaei further states that while "noone wants to miss the next Zoetis", gross margin expansion at Elanco will be gradual.

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LMAT

LeMaitre

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  • 23

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WE

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KOD

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ADVM

Adverum Biotechnologies

$5.29

0.11 (2.12%)

18:29
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ADVM

Adverum Biotechnologies

$5.29

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COP

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T

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$37.58

0.17 (0.45%)

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VIA

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KBH

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  • 23

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GOOG

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SPX

S&P 500

$0.00

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AGN

Allergan

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LYFT

Lyft

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Uber

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LYFT

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$30.09

1.19 (4.12%)

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GM

General Motors

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  • 29

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MRK

Merck

$84.31

0.6 (0.72%)

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Johnson & Johnson

$131.35

2.32 (1.80%)

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MRK

Merck

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JNJ

Johnson & Johnson

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2.32 (1.80%)

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HMTV

Hemisphere Media

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0.05 (0.43%)

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PFE

Pfizer

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CNCE

Concert Pharmaceuticals

$5.85

(0.00%)

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INCY

Incyte

$76.14

0.38 (0.50%)

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