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ILMN

Illumina

$287.46

-6.86 (-2.33%)

, PACB

Pacific Biosciences

$7.05

-0.12 (-1.67%)

16:12
01/28/19
01/28
16:12
01/28/19
16:12

Illumina, Pacific Bio deal faces significant FTC scrutiny, Capitol Forum says

Illumina's (ILMN) deal to acquire Pacific Biosciences (PACB) will face "significant FTC scrutiny" due to questions about both existing and future competition, Capitol Forum said in an article to its subscribers, citing its analysis of gene sequencing market dynamics. Reference Link

ILMN

Illumina

$287.46

-6.86 (-2.33%)

PACB

Pacific Biosciences

$7.05

-0.12 (-1.67%)

  • 29

    Jan

  • 30

    Jan

ILMN Illumina
$287.46

-6.86 (-2.33%)

01/25/19
01/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Hold from Buy at Needham and to Neutral from Positive at Susquehanna. 2. Hawaiian Holdings (HA) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying he sees a more challenging competitive backdrop in Hawaiian's core markets by the June quarter. 3. Illumina (ILMN) downgraded to Hold from Buy at Deutsche Bank with analyst Dan Leonard saying forward revenue expectations lack upside potential while the "pace of newsflow to motivate further enthusiasm" for the company's total addressable market opportunity could slow. 4. Dish (DISH) downgraded to Reduce from Hold at HSBC with analyst Sunil Rajgopal saying he expects more fragmentation in the content/pay-TV business as more players enter the OTT content market and he expects the pay TV base to shrink further. 5. Thomson Reuters (TRI) downgraded to Sector Perform from Outperform at Scotiabank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/25/19
DBAB
01/25/19
DOWNGRADE
Target $310
DBAB
Hold
Deutsche Bank hits pause on Illumina, downgrades to Hold from Buy
Deutsche Bank analyst Dan Leonard downgraded Illumina to Hold from Buy and cut his price target for the shares to $310 from $350. Forward revenue expectations lack upside potential while the "pace of newsflow to motivate further enthusiasm" for the company's total addressable market opportunity could slow, Leonard tells investors in a research note. The analyst feels it is "time to hit the pause button" with respect to Illumina shares.
01/25/19
DBAB
01/25/19
DOWNGRADE
DBAB
Hold
Illumina downgraded to Hold from Buy at Deutsche Bank
01/08/19
GSCO
01/08/19
NO CHANGE
Target $325
GSCO
Neutral
Goldman says Illumina shares likely to react negatively to 'mixed' guidance
Goldman Sachs analyst Patrick Donnelly said he views Illumina's Q4 revenues, which the company pre-announced at the JPMorgan Healthcare conference, as "somewhat underwhelming" given that the company averaged about $35M quarterly revenue beats in the prior quarters of 2018. While noting that FY19 EPS guidance is "well above the Street" and acknowledging that initial 2019 revenue guidance is likely to prove conservative, Donnelly thinks investors are likely to view the guidance as "mixed" and he expects the stock to react negatively to Monday's news. The analyst keeps a Neutral rating and $325 price target on Illumina, which is down $11.44, or 3.7%, to $296.45 in early trading.
PACB Pacific Biosciences
$7.05

-0.12 (-1.67%)

01/04/19
COWN
01/04/19
DOWNGRADE
COWN
Market Perform
Pacific Biosciences downgraded to Market Perform from Outperform at Cowen
11/12/18
CANT
11/12/18
DOWNGRADE
Target $8
CANT
Neutral
Pacific Biosciences downgraded to Neutral from Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst Jordan Abrams downgraded Pacific Biosciences (PACB) to Neutral citing the announced acquisition by Illumina (ILMN). The analyst views the likelihood of a higher bidder to be low. He also thinks regulatory risk to the deal remains low.
11/02/18
COWN
11/02/18
NO CHANGE
Target $400
COWN
Outperform
Illumina acquisition of Pacific Bio makes a lot of sense, says Cowen
Cowen analyst Doug Schenkel said Illumina's (ILMN) acquisition of Pacific Bioscience (PACB) makes a lot of sense, doesn't require a lot of cash, should be accretive fairly quickly and can generate meaningful upside to expectations. Schenkel reiterated his Outperform rating and $400 price target on Illumina shares.
11/02/18
LEER
11/02/18
NO CHANGE
LEER
Outperform
Illumina 'plugs key gap' with Pacific Biosciences acquisition, says Leerink
Leerink analyst Puneet Souda believes that Illumina's (ILMN) deal to acquire Pacific Biosciences (PACB) "plugs an important gap" in the company's portfolio, expands its overall market opportunity and removes some competitive overhangs. While noting that the transaction is likely to be dilutive in the near-term, Souda sees the potential for a complete sequencing solution longer-term following the acquisition of Pacific's technology and believes there are no antitrust concerns since there is no overlap in the two companies' technologies and application base. Souda maintains an Outperform rating on Illumina.

TODAY'S FREE FLY STORIES

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10/15/19
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13:25
General news
FX Action: USD-JPY »

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ZM

Zoom Video

$69.34

-1.49 (-2.10%)

13:25
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GM

General Motors

$36.32

0.81 (2.28%)

13:23
10/15/19
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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
10/15/19
10/15
13:21
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13:21
Rumors
Rumor moving shares of Lyft »

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  • 30

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USFD

US Foods

$39.29

-1.28 (-3.16%)

13:19
10/15/19
10/15
13:19
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13:19
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US Foods analyst commentary  »

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  • 05

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COST

Costco

$298.24

0.69 (0.23%)

13:19
10/15/19
10/15
13:19
10/15/19
13:19
Downgrade
Costco rating change  »

Costco downgraded to Hold…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
10/15/19
10/15
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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FOX

Fox Corp.

$31.37

0.33 (1.06%)

, FOXA

Fox Corp.

$31.62

0.21 (0.67%)

13:16
10/15/19
10/15
13:16
10/15/19
13:16
Periodicals
Shari Redstone considers plan to launch Fox News rival, THR says »

As the merger between…

FOX

Fox Corp.

$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

(0.00%)

VIA

Viacom

$25.28

0.015 (0.06%)

VIAB

Viacom

$22.87

0.145 (0.64%)

03/08/13
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    Nov

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    Nov

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    Nov

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
10/15/19
10/15
13:16
10/15/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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WE

We Company

$0.00

(0.00%)

13:12
10/15/19
10/15
13:12
10/15/19
13:12
Periodicals
Breaking Periodicals news story on We Company »

WeWork loses…

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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
10/15/19
10/15
13:06
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13:06
Periodicals
Shell CEO still sees big opportunties for investors in oil and gas, Reuters says »

Royal Dutch Shell CEO Ben…

RDS.A

Royal Dutch Shell

$57.92

0.08 (0.14%)

RDS.B

Royal Dutch Shell

$58.44

0.14 (0.24%)

03/08/13
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VKTX

Viking Therapeutics

$6.56

0.17 (2.66%)

13:05
10/15/19
10/15
13:05
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13:05
Options
Viking Therapeutics call volume above normal and directionally bullish »

Bullish option flow…

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CNPOF

Canopy Rivers

$0.00

(0.00%)

13:02
10/15/19
10/15
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13:02
Hot Stocks
Canopy Rivers portfolio company receives Health Canada license amendment »

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CS

Credit Suisse

$12.26

0.28 (2.34%)

13:02
10/15/19
10/15
13:02
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13:02
Periodicals
Credit Suisse eyes adding more advisers to billionaire clients, Bloomberg says »

Credit Suisse is seeking…

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  • 12

    Nov

CHGG

Chegg

$32.76

0.12 (0.37%)

13:02
10/15/19
10/15
13:02
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13:02
Hot Stocks
Law firm initiates investigation into data breach at Chegg »

Federman & Sherwood,…

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  • 04

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CRWD

Crowdstrike

$55.38

0.87 (1.60%)

13:00
10/15/19
10/15
13:00
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13:00
Recommendations
Crowdstrike analyst commentary  »

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  • 12

    Dec

13:00
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General news
Treasury Action: yields continue to rise »

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FB

Facebook

$189.25

5.96 (3.25%)

, V

Visa

$178.66

1.31 (0.74%)

12:58
10/15/19
10/15
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12:58
Periodicals
Facebook advances Libra amid backer mutiny, Business Insider says »

Facebook (FB) took…

FB

Facebook

$189.25

5.96 (3.25%)

V

Visa

$178.66

1.31 (0.74%)

MA

MasterCard

$278.77

2.29 (0.83%)

03/08/13
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  • 23

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    Oct

12:55
10/15/19
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12:55
Conference/Events
Morgan Stanley analysts to hold an analyst/industry conference call »

Executive Director of…

APHA

Aphria

$5.40

1.07 (24.71%)

12:51
10/15/19
10/15
12:51
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12:51
Recommendations
Aphria analyst commentary  »

Seaport Global says…

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  • 15

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GOOG

Alphabet

$1,240.28

22.05 (1.81%)

, GOOGL

Alphabet Class A

$1,240.59

22.98 (1.89%)

12:44
10/15/19
10/15
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12:44
Hot Stocks
Google Stadia launches on November 19th »

In a tweet, the Google…

GOOG

Alphabet

$1,240.28

22.05 (1.81%)

GOOGL

Alphabet Class A

$1,240.59

22.98 (1.89%)

03/08/13
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  • 16

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    Oct

GOOG

Alphabet

$1,240.62

22.39 (1.84%)

, GOOGL

Alphabet Class A

$1,241.32

23.71 (1.95%)

12:40
10/15/19
10/15
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12:40
Hot Stocks
Google announces Nest Wifi system »

Alphabet's Google…

GOOG

Alphabet

$1,240.62

22.39 (1.84%)

GOOGL

Alphabet Class A

$1,241.32

23.71 (1.95%)

TGT

Target

$111.99

0.85 (0.76%)

BBY

Best Buy

$68.65

-0.055 (-0.08%)

03/08/13
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  • 16

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    Oct

GOOG

Alphabet

$1,240.95

22.72 (1.87%)

, GOOGL

Alphabet Class A

$1,241.95

24.34 (2.00%)

12:38
10/15/19
10/15
12:38
10/15/19
12:38
Hot Stocks
Google introduces Google Pixel Buds »

Alphabet's Google…

GOOG

Alphabet

$1,240.95

22.72 (1.87%)

GOOGL

Alphabet Class A

$1,241.95

24.34 (2.00%)

03/08/13
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03/06/13
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  • 16

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  • 28

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    Oct

UNH

UnitedHealth

$235.51

15.19 (6.89%)

, CNC

Centene

$45.39

1.49 (3.39%)

12:37
10/15/19
10/15
12:37
10/15/19
12:37
Hot Stocks
Health insurance providers move higher after UnitedHealth Q3 results »

Health insurance…

UNH

UnitedHealth

$235.51

15.19 (6.89%)

CNC

Centene

$45.39

1.49 (3.39%)

ANTM

Anthem

$249.46

14.73 (6.28%)

HUM

Humana

$275.49

11.53 (4.37%)

MOH

Molina Healthcare

$117.98

5.495 (4.89%)

CI

Cigna

$159.78

8.165 (5.39%)

WCG

WellCare

$268.48

5.44 (2.07%)

03/08/13
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  • 15

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    Nov

TGT

Target

$112.03

0.89 (0.80%)

, BBY

Best Buy

$68.72

0.015 (0.02%)

12:36
10/15/19
10/15
12:36
10/15/19
12:36
Hot Stocks
Google announces next-generation Nest Mini »

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TGT

Target

$112.03

0.89 (0.80%)

BBY

Best Buy

$68.72

0.015 (0.02%)

GOOGL

Alphabet Class A

$1,243.00

25.39 (2.09%)

GOOG

Alphabet

$1,242.22

23.99 (1.97%)

WMT

Walmart

$119.12

(0.00%)

03/08/13
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