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ALDR

Alder Biopharmaceuticals

$14.29

-0.07 (-0.49%)

08:31
11/06/18
11/06
08:31
11/06/18
08:31

Alder Biopharmaceuticals resumed with an Outperform at Wells Fargo

Wells Fargo analyst Jim Birchenough resumed coverage of Alder Biopharmaceuticals with an Outperform rating and $36 price target following review of Q3 operating results and ahead of expected BLA filing for novel CGRP antibody eptinezumab for migraine prevention. While commercial execution will be key, the analyst believes that differentiated delivery and reimbursement as well as key product attributes of greater speed and depth of response should support a significant opportunity and potentially attract large pharma/biotech interest.

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    Nov

ALDR Alder Biopharmaceuticals
$14.29

-0.07 (-0.49%)

09/10/18
MSCO
09/10/18
INITIATION
MSCO
Underweight
Alder Biopharmaceuticals initiated with an Underweight at Morgan Stanley
09/10/18
09/10/18
INITIATION
Target $19

Underweight
Morgan Stanley starts Alder at Underweight given crowded migraine market
As previously reported, Morgan Stanley analyst Jeffrey Hung started Alder Biopharmaceuticals with an Underweight rating, noting that the company's migraine drug will be the fourth to market of the same class. Alder's drug has a fast onset, but he views efficacy across these drugs as largely similar, Hung tells investors. The consensus estimate of $750M for Alder's drug by 2025 needs to come down, according to the analyst, who set a $19 price target on the stock.
10/12/18
MZHO
10/12/18
DOWNGRADE
Target $15
MZHO
Neutral
Alder Biopharmaceuticals downgraded to Neutral from Buy at Mizuho
Mizuho analyst Difei Yang downgraded Alder Biopharmaceuticals to Neutral and lowered her price target for the shares to $15 from $29. The analyst sees limited catalysts between an anticipated biologics license application submission in Q1 of 2019 and commercial launch expected in 2020. Investors could remain on the sidelines and away from higher risk names given the current higher volatility in the market, Yang tells investors in a research note.
10/12/18
10/12/18
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. Molina Healthcare (MOH) downgraded to Hold from Buy at Jefferies with analyst David Windley citing valuation. 2. Genesee & Wyoming (GWR) downgraded to Neutral from Overweight at JPMorgan with analyst Brian Ossenbeck saying the stock is up 20% since the Q4 of 2017 earnings as management completed divesting the majority of the failed European acquisition and opportunistically repurchased 3% of the shares outstanding. 3. Oneok (OKE) downgraded to Equal Weight from Overweight at Barclays. 4. Alder Biopharmaceuticals (ALDR) downgraded to Neutral from Buy at Mizuho with analyst Difei Yang saying she sees limited catalysts between an anticipated biologics license application submission in Q1 of 2019 and commercial launch expected in 2020. 5. Veon (VEON) downgraded to Neutral from Buy at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

XBI

SPDR S&P BIOTECH

$77.95

-2.82 (-3.49%)

13:00
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Put spreads in SPDR S&P Biotech Fund as bearish positions are adjusted »

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SNAP

Snap

$6.68

-0.12 (-1.76%)

12:59
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Snap's VP of Content, Nick Bell, leaving today, Cheddar reports »

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LITE

Lumentum

$39.50

-16.45 (-29.40%)

, AAPL

Apple

$195.96

-8.35 (-4.09%)

12:57
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Recommendations
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Lumentum

$39.50

-16.45 (-29.40%)

AAPL

Apple

$195.96

-8.35 (-4.09%)

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    Nov

HD

Home Depot

$183.19

-2.85 (-1.53%)

, TSN

Tyson Foods

$61.79

-0.3 (-0.48%)

12:52
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Earnings
Notable companies reporting before tomorrow's open »

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HD

Home Depot

$183.19

-2.85 (-1.53%)

TSN

Tyson Foods

$61.79

-0.3 (-0.48%)

AAP

Advance Auto Parts

$168.30

-2.88 (-1.68%)

ARMK

Aramark

$35.10

-0.49 (-1.38%)

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DF

Dean Foods

$6.10

0.12 (2.01%)

12:50
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Options
Dean Foods draws call buying after volatility in shares last week »

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  • 13

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AGR

Avangrid

$49.35

0.43 (0.88%)

, UNH

UnitedHealth

$273.75

-2.93 (-1.06%)

12:45
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12:45
Hot Stocks
Avangrid names Peter Church chief HR officer »

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AGR

Avangrid

$49.35

0.43 (0.88%)

UNH

UnitedHealth

$273.75

-2.93 (-1.06%)

03/08/13
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RIG

Transocean

$10.17

-0.36 (-3.42%)

12:40
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11/12
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Options
Transocean puts active as shares slip »

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BX

Blackstone

$33.40

-0.59 (-1.74%)

12:35
11/12/18
11/12
12:35
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12:35
Options
Blackstone put volume heavy and directionally bearish »

Bearish flow noted in…

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ATHN

Athenahealth

$132.00

11.63 (9.66%)

12:26
11/12/18
11/12
12:26
11/12/18
12:26
Downgrade
Athenahealth rating change  »

Athenahealth downgraded…

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USO

United States Oil Fund

$12.90

0.205 (1.61%)

12:20
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Options
Vote of confidence in US Oil Fund as shares tick higher »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
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11/12
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/12/18
11/12
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12:16
Technical Analysis
NYSE market internals summary »

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DB

Deutsche Bank

$9.80

-0.315 (-3.11%)

12:15
11/12/18
11/12
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12:15
Options
Deutsche Bank put volume heavy and directionally bearish »

Bearish flow noted in…

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C

Citi

$64.55

-1.18 (-1.80%)

12:13
11/12/18
11/12
12:13
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12:13
Periodicals
Citi seeks bigger Paris office ahead of Brexit, FT reports »

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CSLT

Castlight Health

$2.68

-0.01 (-0.37%)

12:11
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11/12
12:11
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Conference/Events
Castlight Health management to meet with William Blair »

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  • 13

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AAPL

Apple

$195.42

-8.89 (-4.35%)

, LITE

Lumentum

$38.36

-17.59 (-31.44%)

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OnTheFly
Fly Intel: Wall Street's top stories at midday »

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AAPL

Apple

$195.42

-8.89 (-4.35%)

LITE

Lumentum

$38.36

-17.59 (-31.44%)

BABA

Alibaba

$142.11

-2.75 (-1.90%)

PCG

PG&E

$33.72

-6.17 (-15.47%)

EIX

Edison International

$55.03

-5.96 (-9.77%)

SAP

SAP

$101.49

-6.84 (-6.31%)

ATHN

Athenahealth

$132.04

11.67 (9.70%)

APTI

Apptio

$37.60

12.76 (51.37%)

OPK

Opko Health

$3.70

0.595 (19.16%)

BTI

British American Tobacco

$38.56

-3.18 (-7.62%)

GNC

GNC Holdings

$3.36

-0.87 (-20.57%)

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PHG

Philips

$37.67

-0.58 (-1.52%)

12:04
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  • 12

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MSI

Motorola Solutions

$127.46

-2.24 (-1.73%)

, MSFT

Microsoft

$106.99

-2.55 (-2.33%)

12:02
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Hot Stocks
Motorola Solutions selects Microsoft Azure Government cloud for Command »

Motorola Solutions (MSI)…

MSI

Motorola Solutions

$127.46

-2.24 (-1.73%)

MSFT

Microsoft

$106.99

-2.55 (-2.33%)

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NAV

Navistar

$29.95

-0.34 (-1.12%)

, CMI

Cummins

$144.61

1.51 (1.06%)

12:01
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Periodicals
EPA seeks to 'significantly' cut nitrogen oxide from heavy trucks, Reuters says »

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NAV

Navistar

$29.95

-0.34 (-1.12%)

CMI

Cummins

$144.61

1.51 (1.06%)

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EAF

GrafTech

$14.22

-1.86 (-11.57%)

12:00
11/12/18
11/12
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Hot Stocks
GrafTech falls -11.6% »

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PCG

PG&E

$33.59

-6.3 (-15.79%)

12:00
11/12/18
11/12
12:00
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Hot Stocks
PG&E falls -15.8% »

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  • 12

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GNC

GNC Holdings

$3.39

-0.845 (-19.98%)

12:00
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11/12
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Hot Stocks
GNC Holdings falls -19.8% »

GNC Holdings is down…

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UVXY

ProShares Trust Ultra VIX Short Term Futures ETF

$54.60

4.55 (9.09%)

12:00
11/12/18
11/12
12:00
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12:00
Hot Stocks
ProShares Trust Ultra VIX Short Term Futures ETF rises 9.2% »

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LABD

Daily S&P Biotech Bear 3x Shares

$39.51

4.09 (11.55%)

12:00
11/12/18
11/12
12:00
11/12/18
12:00
Hot Stocks
Daily S&P Biotech Bear 3x Shares rises 11.6% »

Daily S&P Biotech…

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BCS

Barclays

$8.76

-0.39 (-4.26%)

12:00
11/12/18
11/12
12:00
11/12/18
12:00
Options
Put buyers in Barclays and implied volatility reaches 52-week highs »

Put buyers in Barclays…

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