Breaking News Instant updates and real-time market news.

PRGO

Perrigo

$45.14

1.23 (2.80%)

13:30
01/11/19
01/11
13:30
01/11/19
13:30

Bullish option flow in Perrigo Company Plc Ireland as shares rally

Bullish option flow in Perrigo Company Plc Ireland as shares rally. The stock up $1.23 to $45.13 after Bloomberg reported that the company could scrap its Irish expansion plans amid a tax dispute. With the stock $44.20 midday Friday, 4K Mar 50 calls trade from $1.10 to 1.15 per contract. 4.2K changed hands against 219 open interest and the bullish flow opens positions struck 10.5% above the stock price. Earnings expected around 2/28 and inside of the March expiration.

PRGO Perrigo
$45.14

1.23 (2.80%)

11/13/18
11/13/18
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. Lumentum (LITE) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying yesterday's negative pronouncement underscored the challenges likely to be faced by Apple (AAPL) supply chain companies in delivering to investor expectations as Apple continues to prioritize its premium pricing strategy on iPhones relative to volumes. 2. Best Buy (BBY) downgraded to Neutral from Buy at BofA/Merrill with analyst Curtis Nagle citing expectations for slowing industry growth, difficult comps in key products and cost inflation. 3. Perrigo (PRGO) downgraded to Hold from Buy at Berenberg with analyst Patrick Trucchio saying although the key reason to own Perrigo shares remains intact, namely the U.S. government's push to shift more products from prescription to nonprescription, "too much uncertainty in generics has placed us on the sidelines." 4. Sabra Health Care (SBRA) downgraded to Neutral from Buy at Mizuho with analyst Richard Anderson saying he wants to a take a "pause" until the earnings reset from the "surprise news" of Senior Care stopping rent payments since May becomes better understood. 5. Infinera (INFN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Meta Marshall saying she sees "no reason to race in" until there are signs that the revenue base has stabilized. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/18
WELS
11/14/18
NO CHANGE
Target $64
WELS
Market Perform
Perrigo price target lowered to $64 form $77 at Wells Fargo
Wells Fargo analyst David Maris lowered his price target for Perrigo to $64 from $77 following quarterly results. The analyst reiterates a Market Perform rating on the shares.
11/28/18
11/28/18
NO CHANGE

Perrigo reaches settlement in Sernivo patent litigation case
Perrigo has settled its Hatch-Waxman litigation relating to Sernivo Spray brought by Promius Pharma. Terms of the settlement are confidential. Sernivo Spray is indicated for the treatment of mild-to-moderate plaque psoriasis in patients 18 years of age or older. Annual market sales for the 12 months ending September 2018 were approximately $13M.
12/21/18
CANT
12/21/18
NO CHANGE
Target $107
CANT
Overweight
Cantor Fitzgerald says don't read too much into Perrigo tax headlines
Cantor Fitzgerald analyst Louise Chen tells investors not to read too much into the headlines from Perrigo last night regarding an Irish corporation tax liability. In a research note titled "Bah-Humbug, Don't Let Headlines Ruin The Holidays," Chen says it is "unclear that there is much of a case here." The analyst keeps an Overweight rating on Perrigo with a $107 price target.

TODAY'S FREE FLY STORIES

BLPH

Bellerophon

$0.68

-0.2007 (-22.79%)

08:24
01/24/19
01/24
08:24
01/24/19
08:24
Initiation
Bellerophon initiated  »

Bellerophon initiated…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

AAWW

Atlas Air

$49.61

-0.5 (-1.00%)

08:22
01/24/19
01/24
08:22
01/24/19
08:22
Conference/Events
The Wings Club to hold a luncheon meeting »

President & CEO of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

CP

Canadian Pacific

$195.71

0.02 (0.01%)

08:21
01/24/19
01/24
08:21
01/24/19
08:21
Recommendations
Canadian Pacific analyst commentary  »

Canadian Pacific price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

08:21
01/24/19
01/24
08:21
01/24/19
08:21
Conference/Events
European Central Bank President Draghi to hold press conference »

ECB President Draghi…

$DJT

DJ Transportation Average

$0.00

(0.00%)

08:20
01/24/19
01/24
08:20
01/24/19
08:20
Technical Analysis
DJ Transportation Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$DJU

DJ Utility Average

$0.00

(0.00%)

08:20
01/24/19
01/24
08:20
01/24/19
08:20
Technical Analysis
DJ Utility Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

08:20
01/24/19
01/24
08:20
01/24/19
08:20
Technical Analysis
Dow Jones Industrial Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IYT

iShares Transportation Average

$174.98

-1.01 (-0.57%)

08:20
01/24/19
01/24
08:20
01/24/19
08:20
Technical Analysis
iShares Transportation Average: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLK

Technology Select Sector SPDR

$64.45

0.22 (0.34%)

08:19
01/24/19
01/24
08:19
01/24/19
08:19
Technical Analysis
Technology Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLE

Energy Select Sector SPDR

$61.79

-0.6 (-0.96%)

08:19
01/24/19
01/24
08:19
01/24/19
08:19
Technical Analysis
Energy Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLY

Consumer Discretionary Sector SPDR

$105.40

0.16 (0.15%)

08:19
01/24/19
01/24
08:19
01/24/19
08:19
Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLB

S&P Select Materials SPDR

$52.42

-0.34 (-0.64%)

08:19
01/24/19
01/24
08:19
01/24/19
08:19
Technical Analysis
S&P Select Materials SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLNX

Xilinx

$89.55

-0.89 (-0.98%)

08:18
01/24/19
01/24
08:18
01/24/19
08:18
Recommendations
Xilinx analyst commentary  »

Xilinx price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Feb

XLU

Utilities SPDR

$53.79

0.56 (1.05%)

08:18
01/24/19
01/24
08:18
01/24/19
08:18
Technical Analysis
Utilities SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLP

Consumer Staples Sector SPDR

$52.57

0.58 (1.12%)

08:18
01/24/19
01/24
08:18
01/24/19
08:18
Technical Analysis
Consumer Staples Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLV

Health Care Select Sector SPDR

$89.55

0.07 (0.08%)

08:18
01/24/19
01/24
08:18
01/24/19
08:18
Technical Analysis
Health Care Select Sector SPDR: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

IWM

iShares Trust Russell 2000 Index Fund

$144.61

-0.36 (-0.25%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Technical Analysis
iShares Trust Russell 2000 Index Fund: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

DIA

Diamonds Fund ETF

$245.75

1.64 (0.67%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Technical Analysis
Diamonds Fund ETF: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HCA

HCA Healthcare

$133.76

0.82 (0.62%)

, UNH

UnitedHealth

$267.12

1.44 (0.54%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Recommendations
HCA Healthcare, UnitedHealth, Johnson & Johnson analyst commentary  »

HCA Healthcare elevated…

HCA

HCA Healthcare

$133.76

0.82 (0.62%)

UNH

UnitedHealth

$267.12

1.44 (0.54%)

JNJ

Johnson & Johnson

$128.82

0.06 (0.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Jan

  • 29

    Jan

  • 18

    Feb

  • 19

    Feb

  • 28

    May

SPY

SPDR S&P 500 ETF Trust

$263.42

0.37 (0.14%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Technical Analysis
SPDR S&P 500 ETF Trust: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLF

Financial Select Sector

$25.72

0.01 (0.04%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Technical Analysis
Financial Select Sector: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

XLNX

Xilinx

$89.55

-0.89 (-0.98%)

08:17
01/24/19
01/24
08:17
01/24/19
08:17
Recommendations
Xilinx analyst commentary  »

Xilinx price target…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Feb

SMH

Market Vectors Semiconductor

$89.82

-0.36 (-0.40%)

08:16
01/24/19
01/24
08:16
01/24/19
08:16
Technical Analysis
Market Vectors Semiconductor: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

QQQ

Invesco QQQ Trust

$162.20

0.04 (0.02%)

08:16
01/24/19
01/24
08:16
01/24/19
08:16
Technical Analysis
Invesco QQQ Trust: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$COMP

Nasdaq Composite

$0.00

(0.00%)

08:16
01/24/19
01/24
08:16
01/24/19
08:16
Technical Analysis
Nasdaq Composite: Pivot points »

The following are the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.