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NVS

Novartis

$75.84

0.42 (0.56%)

05:38
04/24/19
04/24
05:38
04/24/19
05:38

Novartis raises FY19 core operating income view to high single-digit growth

Expects FY19 revenue to grow mid-single digit.

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NVS Novartis
$75.84

0.42 (0.56%)

04/10/19
MZHO
04/10/19
NO CHANGE
Target $41
MZHO
Buy
Alcon spinoff shows Bausch Health is undervalued, says Mizuho
Mizuho analyst Irina Koffler reiterates a Buy rating on Bausch Health Companies (BHC) with a $41 price target following Novartis' (NVS) spinoff of Alcon (ALC). Bausch's smaller B+L segment should trade at a "slight discount" to market leader Alcon, but calculate that the market is currently assigning only a 13 times 2019 enterprise value to EBITA multiple to the B+L business, Koffler tells investors in a research note. This highlights that Bausch Health is undervalued, contends the analyst.
04/10/19
MSCO
04/10/19
INITIATION
Target $65
MSCO
Overweight
Alcon initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst David Lewis initiated Alcon (ALC) with an Overweight rating and $65 price target, stating that he expects its pipeline, sales and capex reinvestment to drive an inflection in revenue growth and margin expansion post the spinoff from Novartis (NVS). Near-term improvement at Alcon hinges on the two key PanOptix and PRECISION1 franchises, Lewis noted.
04/10/19
04/10/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Reduce from Hold at HSBC with analyst Erwan Rambourg saying the returns from Apple's recent announcements, including the Apple News+ premium news subscription, the Apple Card in partnership with Goldman Sachs (GS), Apple Arcade games as part of the App store and video subscription Apple TV+, could "take some time to extract." 2. AmerisourceBergen (ABC) downgraded to In Line from Outperform at Evercore ISI with analyst Michael Cherry citing group profit questions, lack of clarity with PharMEDium, and a reduction in multiple for peers Cardinal Health (CAH) and McKesson (MCK). 3. Novartis (NVS) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Mark Purcell saying the spinoff of Alcon will put more attention on the generics risk Novartis faces in its pharma business. 4. TerraForm Power (TERP) downgraded to Sell from Neutral at Goldman Sachs with analyst Brian Lee saying that while the company is in the midst of an operational transition that may improve cash flow and dividend flexibility, the upside appears to be priced in. 5. Foot Locker (FL) assumed with a Neutral from Buy at Citi with analyst Paul Lejuez saying while Foot Locker has "tailwinds at its back" in North America with comps inflecting positively in Q4, the company still faces many of the same headwinds as other specialty retailers given its "significant" mall exposure and EBIT pressure from direct-to-consumer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/19
JEFF
04/17/19
NO CHANGE
Target $343
JEFF
Hold
Regeneron price target lowered to $343 from $376 at Jefferies
Jefferies analyst Biren Amin lowered his price target for Regeneron Pharmaceuticals (REGN) to $343 from $376 after doctors in his firm's survey viewed Novartis' (NVS) brolucizumab favorably. Retina specialists are particularly eager to prescribe brolucizumab, Amin tells investors in a research note. "Conservatively" incorporating the doctor estimates for brolucizumab uptake cuts revenue for Regeneron's Eylea in wet age-related macular degeneration by 13% over next two years, says the analyst. His revised Eylea estimates are now 4%-7% below consensus for fiscal 2020 through 2023. Amin thinks the Street underestimates the impact of the brolucizumab entry, which he thinks could "replicate events seen when Eylea launched and encroached on Lucentis share." The analyst keeps a Hold rating on Regeneron.

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SPY

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$292.64

0.31 (0.11%)

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$0.00

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14:43
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14:43
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Powell says 'law is clear I have a 4-year term,' 'fully intend to serve it' »

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Stephens retail/broadlines analyst to hold a luncheon meeting »

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DIS

Disney

$140.09

0.88 (0.63%)

14:41
06/19/19
06/19
14:41
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14:41
Periodicals
More layoffs from Disney and 20th Century Fox film divisions, Variety reports »

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SPY

SPDR S&P 500 ETF Trust

$292.48

0.15 (0.05%)

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$0.00

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14:40
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General news
Powell says will be monitoring 'cross-currents,' but would 'like to see more' »

"Many" on the…

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14:40
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Stephens telecom, media & tech analyst to hold a luncheon »

Analysts hold a…

AAPL

Apple

$198.16

-0.36 (-0.18%)

, GS

Goldman Sachs

$195.66

0.68 (0.35%)

14:38
06/19/19
06/19
14:38
06/19/19
14:38
Periodicals
Apple expanding Goldman Sachs card test, Bloomberg reports »

Apple (AAPL) has launched…

AAPL

Apple

$198.16

-0.36 (-0.18%)

GS

Goldman Sachs

$195.66

0.68 (0.35%)

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RHHBY

Roche

$0.00

(0.00%)

14:38
06/19/19
06/19
14:38
06/19/19
14:38
Conference/Events
Wolfe Research pharma analyst to hold an analyst/industry conference call »

Global Pharmaceuticals…

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SPY

SPDR S&P 500 ETF Trust

$292.77

0.44 (0.15%)

, SPX

S&P 500

$0.00

(0.00%)

14:37
06/19/19
06/19
14:37
06/19/19
14:37
General news
Powell says must rely on 'imperfect' inflation expectation proxies »

Fed Chair Powell said…

SPY

SPDR S&P 500 ETF Trust

$292.77

0.44 (0.15%)

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GRUB

GrubHub

$71.04

-0.13 (-0.18%)

, YELP

Yelp

$32.80

-0.13 (-0.39%)

14:36
06/19/19
06/19
14:36
06/19/19
14:36
Conference/Events
Wedbush SMid Internet analyst to hold a luncheon meeting »

SMID Internet Analyst…

GRUB

GrubHub

$71.04

-0.13 (-0.18%)

YELP

Yelp

$32.80

-0.13 (-0.39%)

BWLD

Taken private 2/18

$0.00

(0.00%)

CAKE

Cheesecake Factory

$44.35

-1.2 (-2.63%)

BJRI

BJ's Restaurants

$41.00

-1.6 (-3.76%)

CMG

Chipotle

$731.31

-1.41 (-0.19%)

JACK

Jack in the Box

$84.75

-1.61 (-1.86%)

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14:35
06/19/19
06/19
14:35
06/19/19
14:35
General news
FOMC forecast Revisions »

FOMC forecast Revisions…

SPY

SPDR S&P 500 ETF Trust

$293.00

0.67 (0.23%)

, SPX

S&P 500

$0.00

(0.00%)

14:33
06/19/19
06/19
14:33
06/19/19
14:33
General news
Powell says Fed made 'significant' changes to policy statement »

Fed Chair Jerome Powell…

SPY

SPDR S&P 500 ETF Trust

$293.00

0.67 (0.23%)

SPX

S&P 500

$0.00

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INGN

Inogen

$70.97

-0.13 (-0.18%)

14:32
06/19/19
06/19
14:32
06/19/19
14:32
Conference/Events
William Blair medical tech analyst to hold a luncheon »

Medical Technology…

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BJRI

BJ's Restaurants

$41.14

-1.46 (-3.43%)

, CAKE

Cheesecake Factory

$44.50

-1.05 (-2.31%)

14:29
06/19/19
06/19
14:29
06/19/19
14:29
Conference/Events
Wedbush restaurants analyst to hold an analyst/industry conference call »

Restaurants Analyst…

BJRI

BJ's Restaurants

$41.14

-1.46 (-3.43%)

CAKE

Cheesecake Factory

$44.50

-1.05 (-2.31%)

CMG

Chipotle

$729.53

-3.19 (-0.44%)

DIN

Dine Brands

$95.61

-0.39 (-0.41%)

DRI

Darden

$117.36

-0.58 (-0.49%)

JACK

Jack in the Box

$84.90

-1.46 (-1.69%)

SBUX

Starbucks

$83.34

0.39 (0.47%)

TXRH

Texas Roadhouse

$52.30

-1.07 (-2.00%)

WEN

Wendy's

$19.44

0.03 (0.15%)

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14:27
06/19/19
06/19
14:27
06/19/19
14:27
Conference/Events
William Blair financial services/insurance analyst to hold a luncheon »

Financial…

CTSH

Cognizant

$63.45

-0.27 (-0.42%)

14:25
06/19/19
06/19
14:25
06/19/19
14:25
Options
Cognizant call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

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14:25
06/19/19
06/19
14:25
06/19/19
14:25
General news
More from the FOMC: a couple of other tweaks the statement »

More from the FOMC: a…

14:24
06/19/19
06/19
14:24
06/19/19
14:24
Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

UNH

UnitedHealth

$250.20

4.55 (1.85%)

, DVA

DaVita

$51.25

1.49 (2.99%)

14:23
06/19/19
06/19
14:23
06/19/19
14:23
Periodicals
Breaking Periodicals news story on UnitedHealth, DaVita »

FTC set to approve sale…

UNH

UnitedHealth

$250.20

4.55 (1.85%)

DVA

DaVita

$51.25

1.49 (2.99%)

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TSLA

Tesla

$227.28

2.6 (1.16%)

14:22
06/19/19
06/19
14:22
06/19/19
14:22
Hot Stocks
Tesla CEO says $1,000 charge for black vehicles to start next month »

Elon Musk, CEO of Tesla,…

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GOOG

Alphabet

$1,105.94

1.54 (0.14%)

, GOOGL

Alphabet Class A

$1,107.59

2.37 (0.21%)

14:21
06/19/19
06/19
14:21
06/19/19
14:21
Periodicals
FTC in late stages of YouTube probe over children content, Washington Post says »

The Federal Trade…

GOOG

Alphabet

$1,105.94

1.54 (0.14%)

GOOGL

Alphabet Class A

$1,107.59

2.37 (0.21%)

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SYNL

Synalloy

$16.52

-0.27 (-1.61%)

14:21
06/19/19
06/19
14:21
06/19/19
14:21
Earnings
Synalloy lowers FY19 revenue view to $329M from prior $340M »

Adjusted EBITDA for the…

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CVS

CVS Health

$55.26

0.6 (1.10%)

14:20
06/19/19
06/19
14:20
06/19/19
14:20
Conference/Events
CVS Health participates in a conference call with Morgan Stanley »

Healthcare Technology…

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  • 20

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14:20
06/19/19
06/19
14:20
06/19/19
14:20
General news
FX Action: The dollar »

FX Action: The dollar…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
06/19/19
06/19
14:17
06/19/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
06/19/19
06/19
14:16
06/19/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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