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LLY

Eli Lilly

$110.49

2.54 (2.35%)

06:50
10/15/18
10/15
06:50
10/15/18
06:50

Eli Lilly to present COAST-V, COAST-W data at ACR/ARHP

Eli Lilly announced that it will present new data for Taltz and Olumiant at the American College of Rheumatology, or ACR/Association of Rheumatology Health Professionals, or ARHP, annual meeting. Lilly will present 21 abstracts featuring new data for Taltz, including a late-breaking abstract and four oral presentations. Highlights include complete results from two Phase 3 studies, COAST-V and COAST-W, in adult patients with Ankylosing Spondylitis, or AS, also known as radiographic axial spondyloarthritis, or axSpA. Based on the positive results from the COAST-V and COAST-W studies, the company plans to submit for U.S. regulatory approval in AS/axSpA later this year. In addition, Lilly will highlight new data for Olumiant in 20 abstracts, including seven oral presentations on rheumatoid arthritis, or RA, and systemic lupus erythematosus, or SLE. Notable presentations include an updated integrated safety analysis of Olumiant in the treatment of adults with moderately-to-severely active RA. The FDA approved the 2-mg dose of Olumiant for the treatment of adults with moderately-to-severely active RA who have had an inadequate response to one or more tumor necrosis factor inhibitor therapies in June.

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LLY Eli Lilly
$110.49

2.54 (2.35%)

10/05/18
10/05/18
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. HP CUT TO NEUTRAL AT JPMORGAN: JPMorgan analyst Paul Coster downgraded HP Inc. (HPQ) to Neutral from Overweight while raising his price target for the shares to $29 from $28. Despite the company's "excellent execution," the shares have limited catalysts ahead, Coster told investors in a research note following the company's analyst day. The analyst recommended investors take profits with the stock up 24% year-to-date. HP shares were lower by 1.9% to $25.91 in late morning trading. ELI LILLY UPGRADED TO OUTPERFORM AT BMO: BMO Capital analyst Alex Arfaei upgraded Eli Lilly (LLY) to Outperform from Market Perform and raised his price target on the shares to $130 from $107. The analyst cited the prospects of LY3298176, a GIP and GLP-1 dual receptor agonist presented at EASD 54th Annual Meeting, which he believes "meaningfully improves" the company's long-term growth prospects. Arfaei sees "continued strong growth of the GLP-1 class" and anticipates an annualized revenue growth of about 15% through 2027, adding that he is also positive on Eli Lilly's margins and its other indications in fields such as obesity. Eli Lilly shares were higher by 1.8% to $115.01 in late morning trading. PEPSI CUT TO NEUTRAL AT MACQUARIE: Macquarie analyst Caroline Levy downgraded Pepsi (PEP) to Neutral from Outperform and cut its price target to $107 from $122 following the company's Q3 report. Levy noted that Pepsi reported solid Q3 organic sales growth of 5%, but EBIT margins fell do to increased brand spending, higher input costs abroad due to FX hikes, and higher freight. The analyst said she expects these pressures to remain a drag on margins and cut estimates to reflect dilution from the Sodastream acquisition, tougher comps, and lack of tax reform benefits. Further, Levy expects organic sales growth will require more investment while costs continue to climb. ROKU STARTED WITH A NEUTRAL AT WEDBUSH: Wedbush analyst Michael Pachter initiated Roku (ROKU) with a Neutral rating and $73 price target. While Roku has built an "exceptional" platform on the back of its players and is positioning itself as the best-in-class option for OTT advertising, Roku's growth is fully priced into its share price, Pachter told investors in a research note. The analyst believes that any pullback may provide an opportunity to build a position. SUPER MICRO COMPUTER CUT TO HOLD AT MAXIM: Maxim analyst Nehal Chokshi downgraded Super Micro Computer (SMCI) to Hold from Buy. The analyst stated that while the Bloomberg Businessweek article alleging the company's "servers sold to customers contained malicious microchips" were strongly refuted, the detail, the reputable nature of the source, and the number of cross reference checks lend to its credibility. Chokshi further noted that the company's ongoing delay in releasing its 2017 10K filing adds to his concerns, stating that he no longer sees reward relative to risk as asymmetric. Super Micro Computer shares were higher by 3.1% to $12.99 in late morning trading.
10/08/18
10/08/18
DOWNGRADE

Neutral
Novo Nordisk downgraded to Neutral on Eli Lilly competition at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Sachin Jain downgraded Novo Nordisk (NVO) to Neutral from Buy after he lowered his Ozempic forecasts beyond FY23 to account for possible competitive pressure from Eli Lilly's (LLY) GIP/GLP-1. While he does not see competitive pressure on Novo's Ozempic until FY23, he still sees that threat as a sufficient overhang given that the injectable GLP-1 franchise accounts for about 40% of his Novo growth forecast from FY19-23E and about 30% for FY23, Sachin tells investors. He lowered his price target on Novo shares to DKK305 from DKK380.
10/08/18
GUGG
10/08/18
INITIATION
Target $132
GUGG
Buy
Eli Lilly initiated with a Buy at Guggenheim
Guggenheim analyst Seamus Fernandez started Eli Lilly with a Buy rating and $132 price target, calling out the company's "Impressive execution as the industry's leading fast-follower." He sees limited downside from current levels with the potential for revaluation around the Phase 3 study readout for tanezumab.
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.

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BAC

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ZM

Zoom Video

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GM

General Motors

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0.81 (2.28%)

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GM, UAW said to have agreement on temp worker arrangement, Bloomberg reports »

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LYFT

Lyft

$40.61

0.84 (2.11%)

13:21
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Rumors
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USFD

US Foods

$39.29

-1.28 (-3.16%)

13:19
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COST

Costco

$298.24

0.69 (0.23%)

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Costco rating change  »

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$NSD

NASDAQ Market Internals

$0.00

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FOX

Fox Corp.

$31.37

0.33 (1.06%)

, FOXA

Fox Corp.

$31.62

0.21 (0.67%)

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Shari Redstone considers plan to launch Fox News rival, THR says »

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$31.37

0.33 (1.06%)

FOXA

Fox Corp.

$31.62

0.21 (0.67%)

CBS

CBS

$38.17

0.24 (0.63%)

CBS.A

$41.77

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VIA

Viacom

$25.28

0.015 (0.06%)

VIAB

Viacom

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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NYSE market internals summary »

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WE

We Company

$0.00

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Breaking Periodicals news story on We Company »

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RDS.A

Royal Dutch Shell

$57.92

0.08 (0.14%)

, RDS.B

Royal Dutch Shell

$58.44

0.14 (0.24%)

13:06
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Periodicals
Shell CEO still sees big opportunties for investors in oil and gas, Reuters says »

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RDS.A

Royal Dutch Shell

$57.92

0.08 (0.14%)

RDS.B

Royal Dutch Shell

$58.44

0.14 (0.24%)

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VKTX

Viking Therapeutics

$6.56

0.17 (2.66%)

13:05
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13:05
Options
Viking Therapeutics call volume above normal and directionally bullish »

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CNPOF

Canopy Rivers

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CS

Credit Suisse

$12.26

0.28 (2.34%)

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Credit Suisse eyes adding more advisers to billionaire clients, Bloomberg says »

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CHGG

Chegg

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CRWD

Crowdstrike

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FB

Facebook

$189.25

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, V

Visa

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V

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MA

MasterCard

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APHA

Aphria

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1.07 (24.71%)

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GOOG

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22.05 (1.81%)

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GOOG

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GOOG

Alphabet

$1,240.62

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TGT

Target

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BBY

Best Buy

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GOOG

Alphabet

$1,240.95

22.72 (1.87%)

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