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ABBV

AbbVie

$79.94

-1.29 (-1.59%)

09:15
03/25/19
03/25
09:15
03/25/19
09:15

AbbVie downgraded to Hold from Buy at Argus

As previously reported, Argus analyst David Toung downgraded AbbVie to Hold, saying its flagship program Humira "no longer looks invulnerable to competition from biosimilars in Europe and other overseas markets." The analyst notes that Humira is also faced with "indirect competition from newer drugs that have an alternative mechanism of action" compared to Humira's anti-TNF class. Toung further cites AbbVie's clinical setback with Venclexta, which highlights the risks for the company as it develops a pipeline aimed to offset the expected decline in Humira sales.

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ABBV AbbVie
$79.94

-1.29 (-1.59%)

02/21/19
PIPR
02/21/19
NO CHANGE
Target $90
PIPR
Neutral
Piper doctor surveys show further Humira erosion outside the U.S.
Piper Jaffray analyst Christopher Raymond says new European rheumatologist and dermatologist surveys suggest further downside potential for branded Humira erosion at the hands of biosimilar competition. While AbbVie management has downwardly revised Humira outside the U.S. erosion estimates twice in recent months, we likely haven't seen the last such revision, Raymond tells investors in a research note. European doctors project that biosimilars will capture 30%-40% of adalimumab use by mid-2019, which contrasts with management's 30% fiscal 2019 erosion commentary, adds the analyst. He now models a 35% ex-U.S. fiscal 2019 Humira erosion, but fears it could be worse. Raymond continues to urge caution on shares of AbbVie, "despite a healthy 5.4% dividend yield." He keeps a Neutral rating on the stock with a $90 price target.
02/25/19
ADAM
02/25/19
NO CHANGE
Target $26
ADAM
Buy
Voyager Therapeutics deal validates CNS gene therapy platform, says Canaccord
Canaccord analyst Sumant Kulkarni noted Abbvie (ABBV) and Voyager Therapeutics (VYGR) expanded their collaboration agreement to work on Parkinson's in addition to their previous collaboration on Alzheimer's. The analyst believes the deal further validates Voyager's central nervous system gene therapy platform. Kulkarni believes Voyager shares are undervalued and he reiterated his Buy rating and $26 price target on the stock.
03/13/19
PIPR
03/13/19
NO CHANGE
Target $90
PIPR
Neutral
Piper dermatologist survey offers 'good news/bad news' for AbbVie
Piper Jaffray analyst Christopher Raymond views his firm's survey of 101 U.S. dermatologists as "good news/bad news" for AbbVie's dermatology franchise. On the positive side, due to both AbbVie's "significant goodwill" as well as risankizumab's superior clinical profile, dermatologists indicate "significant uptake" of the drug once approved, Raymond tells investors in a research note. On the negative side, Humira continues to lose market share to newer biologics like anti-IL-17s and approved anti-IL-23s at a "rapid pace" that may be accelerated by cannibalization at the hands of risankizumab, adds the analyst. Following the surgery, Raymond remains comfortable with his below-consensus AbbVie revenue estimates this year and next. He keeps a Neutral rating on the shares with a $90 price target.
03/25/19
ARGS
03/25/19
DOWNGRADE
ARGS
Hold
AbbVie downgraded to Hold from Buy at Argus

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NASDAQ Market Internals

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NYSE Market Internals

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EBAY

eBay

$36.68

0.53 (1.47%)

, GOOG

Alphabet

$1,265.27

16.31 (1.31%)

12:12
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Earnings
Fly Intel: What to watch in eBay earnings report »

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EBAY

eBay

$36.68

0.53 (1.47%)

GOOG

Alphabet

$1,265.27

16.31 (1.31%)

GOOGL

Alphabet Class A

$1,271.09

17.15 (1.37%)

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MDR

McDermott

$10.29

0.08 (0.78%)

12:10
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12:10
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Ratio spread in McDermott as a defensive position is adjusted »

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FSLR

First Solar

$61.54

1.57 (2.62%)

12:05
04/23/19
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12:05
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12:05
Options
First Solar call volume above normal and directionally bullish »

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FANG

Diamondback Energy

$111.74

0.58 (0.52%)

12:03
04/23/19
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12:03
Recommendations
Diamondback Energy analyst commentary at Roth Capital »

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SNAP

Snap

$12.08

0.55 (4.77%)

, FB

Facebook

$183.09

1.6 (0.88%)

11:59
04/23/19
04/23
11:59
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11:59
Earnings
On The Fly: What to watch in Snap earnings report »

Snap Inc. (SNAP) is…

SNAP

Snap

$12.08

0.55 (4.77%)

FB

Facebook

$183.09

1.6 (0.88%)

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WVE

Wave Life Sciences

$27.21

1.43 (5.55%)

11:50
04/23/19
04/23
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11:50
Options
Call buy in Wave Life will create its largest open interest »

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11:50
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11:50
General news
Treasury's $26 B 52-week bill results were very strong »

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FELE

Franklin Electric

$48.00

-3.16 (-6.18%)

11:47
04/23/19
04/23
11:47
04/23/19
11:47
Earnings
Franklin Electric backs FY19 EPS ex-restructuring charges view $2.37-$2.47 »

Consensus $2.40. "As…

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FELE

Franklin Electric

$47.99

-3.17 (-6.20%)

11:43
04/23/19
04/23
11:43
04/23/19
11:43
Downgrade
Franklin Electric rating change at Boenning & Scattergood »

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AVP

Avon Products

$2.68

0.08 (3.08%)

11:40
04/23/19
04/23
11:40
04/23/19
11:40
Options
Call buyer in Avon as shares snap a seven-day losing skid »

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HRL

Hormel Foods

$39.38

-1.06 (-2.62%)

, SJM

J.M. Smucker

$121.47

0.26 (0.21%)

11:39
04/23/19
04/23
11:39
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11:39
On The Fly
Analysts say sell Hormel Foods on pork costs amid African swine fever outbreak »

Shares of Hormel Foods…

HRL

Hormel Foods

$39.38

-1.06 (-2.62%)

SJM

J.M. Smucker

$121.47

0.26 (0.21%)

TSN

Tyson Foods

$73.90

1.09 (1.50%)

BRFS

BRF S.A.

$7.53

0.425 (5.99%)

SAFM

Sanderson Farms

$143.52

1.95 (1.38%)

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11:36
04/23/19
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11:36
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11:36
General news
52-Week Bill Auction Bid/Cover data reported »

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General news
52-Week Bill Auction Total Amount data reported »

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EROS

Eros International

$8.15

0.13 (1.62%)

11:30
04/23/19
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Hot Stocks
Eros Now announces distribution deal with TCL Electronics »

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LMT

Lockheed Martin

$336.20

20.96 (6.65%)

11:27
04/23/19
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11:27
Hot Stocks
Breaking Hot Stocks news story on Lockheed Martin »

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COP

ConocoPhillips

$67.23

0.245 (0.37%)

11:25
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Options
ConocoPhillips call volume above normal and directionally bullish »

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LYFT

Lyft

$61.19

0.28 (0.46%)

, QCOM

Qualcomm

$86.17

4.2 (5.12%)

11:24
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On The Fly
Lyft initiations, Hormel downgrades among today's top analyst calls »

Check out today's top…

LYFT

Lyft

$61.19

0.28 (0.46%)

QCOM

Qualcomm

$86.17

4.2 (5.12%)

AAPL

Apple

$205.88

1.26 (0.62%)

HCA

HCA Healthcare

$120.61

5.6 (4.87%)

HRL

Hormel Foods

$39.25

-1.19 (-2.94%)

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SCON

Superconductor Technologies

$1.71

0.2 (13.25%)

11:22
04/23/19
04/23
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11:22
Hot Stocks
Superconductor Technologies reports IPR selection of Conductus wire »

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LMT

Lockheed Martin

$335.50

20.26 (6.43%)

11:17
04/23/19
04/23
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11:17
Hot Stocks
Lockheed says has seen 'strong' bipartisan support for security initiative »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

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(0.00%)

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HRL

Hormel Foods

$39.27

-1.17 (-2.89%)

11:15
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11:15
Options
Hormel Foods put volume heavy and directionally bearish »

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KSS

Kohl's

$72.84

5.41 (8.02%)

, AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

11:15
04/23/19
04/23
11:15
04/23/19
11:15
Recommendations
Kohl's, Amazon.com analyst commentary at Baird »

Kohl's, Amazon…

KSS

Kohl's

$72.84

5.41 (8.02%)

AMZN

Amazon.com

$1,913.00

24.9 (1.32%)

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