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TEVA

Teva

$8.36

-0.72 (-7.93%)

10:34
06/12/19
06/12
10:34
06/12/19
10:34

Heavy volume and increasing volatility in Teva Pharmaceuticals as shares take

Heavy volume and increasing volatility in Teva Pharmaceuticals as shares take opoid hit. Shares down 64c, or 7%, near $8.44 following headlines related to an opoid settlement, with nearly 60K contracts trading in the first hour as implied vols jump sharply to the 70% range in the near terms. Largest block was a buyer of 4K Dec 7 puts for 90c, opening, with a total volume at the strike approaching 14K contracts. chart

TEVA Teva
$8.36

-0.72 (-7.93%)

06/03/19
OPCO
06/03/19
UPGRADE
Target $12
OPCO
Outperform
Teva upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Esther Rajavelu upgraded Teva Pharmaceutical to Outperform from Perform with a $12 price target.
06/03/19
OPCO
06/03/19
UPGRADE
Target $12
OPCO
Outperform
Oppenheimer upgrades Teva, despite legal uncertainty, with stock at 19-year low
Oppenheimer analyst Esther Rajavelu upgraded Teva Pharmaceutical to Outperform from Perform while lowering her price target for the shares to $12 from $17. The stock closed Friday down 19c to $8.65. The shares, trading at its 19-year low, offer a buying opportunity, Rajavelu tells investors in a research note. The analyst believes Teva's business fundamentals continue to improve and that management's execution on the operational front is generally in line with expectations. She acknowledges, however, that legal uncertainties could remain an overhang the stock. Rajavelu estimates the company's opioid liability exposure at $500M-$700M and believes its price-fixing exposure could be "substantially higher." Teva's balance sheet, assuming the refinancing of certain debt tranches, could sustain $400M in average annual penalties over time, says the analyst.
06/03/19
06/03/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Black Knight (BKI) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying the company's "strong" pipeline of new bank client wins in both mortgage servicing and origination software should drive accelerating revenue growth over 2019 and into 2020 relative to recent quarters. 2. AMC Networks (AMCX) upgraded to In-Line from Underperform at Imperial Capital with analyst David Miller citing valuation. 3. BT Group (BT) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Sidney saying he has a "much increased" level of confidence in the company's ability to return to sustainable EBITDA growth in fiscal 2021. 4. Brinker (EAT) upgraded to Neutral from Sell at UBS with analyst Dennis Geiger saying that with the stock falling below that level, valuation now appears to reflect the challenges of his April initiation. 5. Teva (TEVA) upgraded to Outperform from Perform at Oppenheimer with analyst Esther Rajavelu saying the shares, trading at its 19-year low, offer a buying opportunity. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/19
LEHM
06/11/19
INITIATION
Target $8
LEHM
Underweight
Teva initiated with an Underweight at Barclays
Barclays analyst Balaji Prasad started Teva Pharmaceutical Industries with an Underweight rating and $8 price target. The analyst launched coverage of 20 U.S. Specialty Pharmaceuticals with a Neutral industry view. He placed importance on cash flows and companies' ability to manage leverage and improve balance sheets.

TODAY'S FREE FLY STORIES

07:45
06/26/19
06/26
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07:45
General news
U.S. MBA reported mortgage applications bounced 1.3% »

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UPWK

Upwork

$15.07

-0.41 (-2.65%)

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Fiverr

$29.00

-0.2 (-0.68%)

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LINX

Linx S.A.

$0.00

(0.00%)

07:41
06/26/19
06/26
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07:41
Syndicate
Linx S.A. 32.8M share IPO priced at $9.40 »

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  • 26

    Jun

07:40
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06/26
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07:40
General news
Treasury Market Outlook: Treasury yields jumped higher »

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BBRX

Braeburn Pharmaceuticals

$0.00

(0.00%)

07:38
06/26/19
06/26
07:38
06/26/19
07:38
Initiation
Braeburn Pharmaceuticals initiated  »

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FISV

Fiserv

$90.27

-0.53 (-0.58%)

07:38
06/26/19
06/26
07:38
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07:38
Upgrade
Fiserv rating change  »

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EVSI

Envision Solar

$5.11

-0.22 (-4.13%)

07:38
06/26/19
06/26
07:38
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07:38
Initiation
Envision Solar initiated  »

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KDMN

Kadmon

$1.66

-0.05 (-2.93%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Initiation
Kadmon initiated  »

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NVCR

Novocure

$57.44

-0.58 (-1.00%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Hot Stocks
Novocure announces publication of IQWiG rapid report for Optune »

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CSTR

CapStar Financial

$15.01

0.05 (0.33%)

07:37
06/26/19
06/26
07:37
06/26/19
07:37
Downgrade
CapStar Financial rating change  »

CapStar Financial…

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PCRX

Pacira

$43.53

0.39 (0.90%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Hot Stocks
Pacira says results show EXPAREL associated with 'significantly less' opioid use »

Pacira BioSciences…

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ODT

Odonate Therapeutics

$28.14

-0.29 (-1.02%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Syndicate
Odonate Therapeutics 4.75M share Spot Secondary priced at $26.00 »

The deal size was…

03/08/13
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  • 22

    Jul

  • 26

    Jun

X

U.S. Steel

$14.93

0.48 (3.32%)

07:35
06/26/19
06/26
07:35
06/26/19
07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

03/08/13
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EGO

Eldorado Gold

$5.46

-0.02 (-0.36%)

07:34
06/26/19
06/26
07:34
06/26/19
07:34
Upgrade
Eldorado Gold rating change  »

Eldorado Gold upgraded to…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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XON

Intrexon

$7.34

0.17 (2.37%)

07:33
06/26/19
06/26
07:33
06/26/19
07:33
Hot Stocks
Intrexon doses first patient in Phase 1/1b study of Acute Myeloid Leukemia drug »

Intrexon's…

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BOSC

B.O.S. Better Online

$2.73

(0.00%)

07:33
06/26/19
06/26
07:33
06/26/19
07:33
Hot Stocks
B.O.S. Better Online receives $870,000 order for robotic system »

B.O.S Better Online…

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PRIM

Primoris

$19.57

0.32 (1.66%)

07:32
06/26/19
06/26
07:32
06/26/19
07:32
Hot Stocks
Primoris announces heavy civil award valued over $24M »

Primoris Services…

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MSFT

Microsoft

$133.43

-4.37 (-3.17%)

, AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

07:31
06/26/19
06/26
07:31
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07:31
Recommendations
Microsoft, Amazon.com, Oracle analyst commentary at Wedbush »

Pentagon JEDI contract to…

MSFT

Microsoft

$133.43

-4.37 (-3.17%)

AMZN

Amazon.com

$1,879.26

-34.17 (-1.79%)

ORCL

Oracle

$56.07

-0.65 (-1.15%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 09

    Jul

  • 10

    Jul

  • 06

    Aug

EXTR

Extreme Networks

$5.73

0.08 (1.42%)

07:30
06/26/19
06/26
07:30
06/26/19
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

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  • 26

    Jun

DNLI

Denali Therapeutics

$20.22

0.56 (2.85%)

07:29
06/26/19
06/26
07:29
06/26/19
07:29
Initiation
Denali Therapeutics initiated  »

Denali Therapeutics…

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CRCM

Care.com

$14.13

0.21 (1.51%)

07:28
06/26/19
06/26
07:28
06/26/19
07:28
Recommendations
Care.com analyst commentary  »

Care.com CFO resignation…

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CRCM

Care.com

$14.13

0.21 (1.51%)

07:28
06/26/19
06/26
07:28
06/26/19
07:28
Downgrade
Care.com rating change  »

Care.com downgraded to…

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LEN

Lennar

$48.24

-3.17 (-6.17%)

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Recommendations
Lennar analyst commentary  »

Lennar selloff appears…

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  • 27

    Jun

  • 28

    Jun

MU

Micron

$32.71

-0.47 (-1.42%)

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Upgrade
Micron rating change  »

Micron upgraded to Buy…

03/08/13
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  • 09

    Jul

AVAV

AeroVironment

07:27
06/26/19
06/26
07:27
06/26/19
07:27
Recommendations
AeroVironment analyst commentary  »

AeroVironment price…

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