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PFE

Pfizer

$42.75

0.24 (0.56%)

, ARRY

Array BioPharma

$29.59

0.17 (0.58%)

06:45
06/17/19
06/17
06:45
06/17/19
06:45

Pfizer to acquire Array BioPharma for $48.00 per share in cash, or $11.4B

PFE

Pfizer

$42.75

0.24 (0.56%)

ARRY

Array BioPharma

$29.59

0.17 (0.58%)

  • 28

    Aug

  • 16

    Sep

PFE Pfizer
$42.75

0.24 (0.56%)

06/14/19
MAXM
06/14/19
INITIATION
Target $6
MAXM
Buy
Achieve Life Sciences initiated with a Buy at Maxim
Maxim analyst Jason McCarthy initiated Achieve Life Sciences (ACHV) with a Buy rating and a price target of $6, citing the company's development of a "de-risked" smoking cessation aid cytisinicline. The analyst notes that cytisinicline has been in the Eastern European market since the 1970's but has also recently gained "proof of concept" data with a positive phase 2b study of 54% abstinence following 3mg daily intake vs. 16% for placebo. McCarthy adds that Pfizer's (PFE) competing Chantix generated $838M in revenue in FY18 but covered only about 3% of the U.S. smoking population.
06/04/19
06/04/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Uber (UBER) was initiated with an Overweight at Barclays and Morgan Stanley, an Outperform at Oppenheimer, Cowen, William Blair, and JMP Securities, a Buy at Canaccord, SunTrust, Deutsche Bank, Loop Capital, Mizuho, BTIG, Needham, and BofA/Merrill, and a Neutral at Citi. 2. Lyft (LYFT) was initiated with a Buy at BTIG, SunTrust, and Citi, a Hold at Loop Capital, and an Equal Weight at Barclays. 3. Alibaba (BABA), JD.com (JD), and Twitter (TWTR) were initiated with a Buy at Loop Capital, while Alphabet (GOOG, GOOGL) was initiated with a Hold. 4. Pfizer (PFE) was resumed with an Overweight at Morgan Stanley. 5. Neon Therapeutics (NTGN) was initiated with a Buy at Mizuho. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/04/19
MSCO
06/04/19
INITIATION
Target $48
MSCO
Overweight
Pfizer resumed with an Overweight at Morgan Stanley
Morgan Stanley analyst David Risinger resumed coverage of Pfizer with an Overweight rating and $48 price target, stating that he sees Ibrance and pipeline products driving accelerating growth starting next year. Risinger estimates Pfizer will see 3-yr revenue CAGR of 6% from FY20-23 and EPS growth of 11% over the same period, he tells investors.
05/30/19
GUGG
05/30/19
NO CHANGE
GUGG
Buy
Array BioPharma could be seen as target after 'de-risking' data, says Guggenheim
Guggenheim analyst Michael Schmidt said Array Biopharma (ARRY) may be perceived by investors as a theoretical acquisition target following the disclosure of Phase 3 interim results of Braftovi/Mektovi in BRAF+ colorectal cancer, which he views as positive and a "de-risking event." 67% of announced acquisitions in oncology with a comparable market cap to Array had what he would consider major pipeline de-risking events in the 6 months prior to their deal announcements, Schmidt tells investors. Merck (MRK) and Pfizer (PFE) "seem to have most bandwidth for a deal," said Schmidt, who added that those two along with Bristol-Myers (BMY), AstraZeneca (AZN) and Roche (RHHBY) scored highest as possible large cap theoretical acquirers of Array in his analysis. Schmidt raised his price target on Array Biopharma shares to $38 from $37, though his analysis suggests a potential $40-$50 acquisition price if the company were to be bought.
ARRY Array BioPharma
$29.59

0.17 (0.58%)

05/22/19
CANT
05/22/19
NO CHANGE
Target $34
CANT
Overweight
Array BioPharma price target raised to $34 from $30 at Cantor Fitzgerald
Cantor Fitzgerald analyst Varun Kumar raised his price target for Array BioPharma to $34 from $30 saying the company yesterday reported an "impressive" hazard ratio on overall survival in the Beacon-CRC study. The analyst believes the results should support FDA approval in the second-line BRAF mutant metastatic colorectal cancer. He keeps an Overweight rating on shares of Array BioPharma.
05/22/19
RHCO
05/22/19
NO CHANGE
Target $32
RHCO
Buy
Array BioPharma price target raised to $32 form $26 at SunTrust
SunTrust analyst Peter Lawson raised his price target on Array BioPharma to $32 and kept his Buy rating after its "encouraging" results in Phase 3 BEACON CRC trial that met both primary endpoints for overall survival and overall response rate. The analyst notes that he is increasing his assumed probability of success for the "triplet of bini/enco + cetux" in BRAF CRC to 90% from 70% and expects a filing in the second half of this year along with the "full interim data" coming at ESMO in early July.
05/21/19
PIPR
05/21/19
NO CHANGE
Target $35
PIPR
Overweight
Array BioPharma price target raised to $35 from $28 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff raised his price target for Array BioPharma to $35 from $28 and maintained an Overweight rating after the Phase III BEACON trial of MEKTOVI, BRAFTOVI and Erbitux in previously treated BRAF-mutant colorectal cancer met the primary endpoint with median overall of 9.0 months vs. 5.4 months. The doublet of BRAFTOVI and cetuximab also met significance with mOS of 8.4 months and objective response rate of 20.4%, Tenthoff tells investors in a research note. Array intends to file for sNDA in 2nd-line CRC in the second half of 2019, but Tenthoff says that with Breakthrough Designation and no approved therapies, he believes these data could enable TripleRx accelerated approval in the U.S. next year.

TODAY'S FREE FLY STORIES

03:25
07/24/19
07/24
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03:25
General news
FX Action: USD-CAD has settled back in the lower 1.3100s »

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03:00
07/24/19
07/24
03:00
07/24/19
03:00
General news
FX Update: The dollar has consolidated recent gains »

FX Update: The dollar has…

COT

Cott Corp.

$12.34

0.05 (0.41%)

20:29
07/23/19
07/23
20:29
07/23/19
20:29
Upgrade
Cott Corp. rating change at Goldman Sachs »

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03/08/13
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20:25
07/23/19
07/23
20:25
07/23/19
20:25
Conference/Events
CLSA Asian tech analysts to hold an analyst/industry conference call »

Asian Technology Analysts…

T

AT&T

$32.09

-0.05 (-0.16%)

, BA

Boeing

$372.91

-0.48 (-0.13%)

20:25
07/23/19
07/23
20:25
07/23/19
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

T

AT&T

$32.09

-0.05 (-0.16%)

BA

Boeing

$372.91

-0.48 (-0.13%)

TMO

Thermo Fisher

$293.82

2.07 (0.71%)

NEE

NextEra Energy

$207.31

-2.05 (-0.98%)

UPS

UPS

$105.24

1.25 (1.20%)

ANTM

Anthem

$302.82

1.04 (0.34%)

CAT

Caterpillar

$138.07

2.87 (2.12%)

BSX

Boston Scientific

$42.80

0.3 (0.71%)

NOC

Northrop Grumman

$324.01

0.93 (0.29%)

GD

General Dynamics

$185.92

1.295 (0.70%)

VFC

VF Corp.

$88.25

1.41 (1.62%)

APH

Amphenol

$98.36

1.185 (1.22%)

HLT

Hilton

$95.18

1.95 (2.09%)

FCX

Freeport McMoRan

$11.65

0.16 (1.39%)

SC

Santander Consumer

$25.74

0.49 (1.94%)

KNX

Knight-Swift

$37.87

0.9 (2.43%)

03/08/13
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    Dec

COT

Cott Corp.

$12.34

0.05 (0.41%)

20:15
07/23/19
07/23
20:15
07/23/19
20:15
Upgrade
Cott Corp. rating change at Goldman Sachs »

Cott Corp. upgraded to…

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

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  • 08

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RARX

RA Pharmaceuticals

$33.58

-2.43 (-6.75%)

20:11
07/23/19
07/23
20:11
07/23/19
20:11
Syndicate
RA Pharmaceuticals 4M share Secondary priced at $32.50 »

Jefferies, BMO Capital,…

03/08/13
Wedge Partners
03/08/13
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CUTR

Cutera

$24.40

0.19 (0.78%)

20:04
07/23/19
07/23
20:04
07/23/19
20:04
Hot Stocks
Cutera gets approval of Brazil's ANVISA for truSculpt »

Cutera announced that…

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

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  • 08

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    Nov

ITCI

Intra-Cellular

$8.18

-3.81 (-31.78%)

19:44
07/23/19
07/23
19:44
07/23/19
19:44
Hot Stocks
Intra-Cellular updates on lumateperone info provided to FDA »

Intra-Cellular Therapies…

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03/08/13
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03/06/13
Citigroup
03/06/13
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SCHW

Charles Schwab

$43.54

0.38 (0.88%)

19:28
07/23/19
07/23
19:28
07/23/19
19:28
Periodicals
Charles Schwab CMO, EVP of investor services to leave, BI says »

Charles Schwab is…

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

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  • 27

    Oct

FB

Facebook

$202.38

0.06 (0.03%)

19:26
07/23/19
07/23
19:26
07/23/19
19:26
Periodicals
Facebook CEO must certify compliance under FTC privacy agreement, WSJ says »

Facebook CEO Mark…

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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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  • 24

    Jul

AXP

American Express

$128.20

2.19 (1.74%)

19:24
07/23/19
07/23
19:24
07/23/19
19:24
Periodicals
AmEx to refund $1.6M after finding salespeople misrepresented pricing, WSJ says »

American Express is…

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03/06/13
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  • 13

    Nov

OBE

Obsidian Energy

$1.00

0.0087 (0.88%)

19:22
07/23/19
07/23
19:22
07/23/19
19:22
Hot Stocks
Obsidian Energy regains compliance with NYSE listing standards »

Obsidian Energy received…

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EEFT

Euronet

$165.34

1.22 (0.74%)

19:16
07/23/19
07/23
19:16
07/23/19
19:16
Earnings
Breaking Earnings news story on Euronet »

Euronet Worldwide sees Q3…

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03/06/13
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EEFT

Euronet

$165.34

1.22 (0.74%)

19:16
07/23/19
07/23
19:16
07/23/19
19:16
Earnings
Euronet Worldwide reports Q2 adjusted EPS $1.69, consensus $1.69 »

Reports Q2 revenue…

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CALX

Calix

$7.30

0.155 (2.17%)

19:13
07/23/19
07/23
19:13
07/23/19
19:13
Earnings
Calix sees Q3 adjusted EPS 2c-6c, consensus 10c »

Sees Q3 revenue…

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CALX

Calix

$7.30

0.155 (2.17%)

19:12
07/23/19
07/23
19:12
07/23/19
19:12
Earnings
Calix reports Q2 adjusted EPS (1c), consensus (3c) »

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  • 24

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WE

We Company

$0.00

(0.00%)

19:06
07/23/19
07/23
19:06
07/23/19
19:06
Periodicals
WeWork eyes September IPO, WSJ reports »

WeWork Companies is…

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EIC

Eagle Point Income Company

$0.00

(0.00%)

19:03
07/23/19
07/23
19:03
07/23/19
19:03
Syndicate
Eagle Point Income Company 1.2M share IPO priced at $19.89 »

National Securities and…

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TTS

Tile Shop

$3.08

-0.88 (-22.22%)

18:57
07/23/19
07/23
18:57
07/23/19
18:57
Downgrade
Tile Shop rating change at Telsey Advisory »

Tile Shop downgraded to…

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  • 23

    Jul

AAPL

Apple

$208.85

1.64 (0.79%)

, GOOG

Alphabet

$1,146.62

8.53 (0.75%)

18:57
07/23/19
07/23
18:57
07/23/19
18:57
Periodicals
Apple, Google, Facebook, others petition FCC over VLP Wi-Fi category, Verge says »

Apple (AAPL), Google…

AAPL

Apple

$208.85

1.64 (0.79%)

GOOG

Alphabet

$1,146.62

8.53 (0.75%)

GOOGL

Alphabet Class A

$1,148.77

9.25 (0.81%)

MSFT

Microsoft

$139.29

0.88 (0.64%)

FB

Facebook

$202.38

0.06 (0.03%)

HPQ

HP Inc.

$21.64

0.2 (0.93%)

QCOM

Qualcomm

$74.10

-1.83 (-2.41%)

INTC

Intel

$51.76

0.4 (0.78%)

AVGO

Broadcom

$300.79

4.68 (1.58%)

MRVL

Marvell

$26.50

0.64 (2.47%)

03/08/13
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JNCE

Jounce Therapeutics

$4.10

-0.1 (-2.38%)

, TER

Teradyne

$48.09

1.26 (2.69%)

18:56
07/23/19
07/23
18:56
07/23/19
18:56
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Jounce…

JNCE

Jounce Therapeutics

$4.10

-0.1 (-2.38%)

TER

Teradyne

$48.09

1.26 (2.69%)

EW

Edwards Lifesciences

$195.47

1.55 (0.80%)

MANH

Manhattan Associates

$72.91

1.16 (1.62%)

SNAP

Snap

$14.85

0.71 (5.02%)

TXN

Texas Instruments

$120.05

1.89 (1.60%)

OLBK

Old Line Bancshares

$26.14

(0.00%)

CSL

Carlisle

$132.30

2.445 (1.88%)

CMG

Chipotle

$740.42

-1.88 (-0.25%)

CNI

Canadian National

$91.05

-0.07 (-0.08%)

DFS

Discover

$84.54

2.205 (2.68%)

NAVI

Navient

$13.71

0.27 (2.01%)

WFC

Wells Fargo

$47.20

0.7 (1.51%)

IRBT

iRobot

$89.64

-2.7 (-2.92%)

RHI

Robert Half

$58.81

1.45 (2.53%)

V

Visa

$180.89

0.34 (0.19%)

SGEN

Seattle Genetics

$75.88

-0.22 (-0.29%)

FB

Facebook

$202.38

0.06 (0.03%)

TWTR

Twitter

$37.90

0.32 (0.85%)

AMZN

Amazon.com

$1,994.44

8.51 (0.43%)

GOOG

Alphabet

$1,146.62

8.53 (0.75%)

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DB

Deutsche Bank

$7.95

0.16 (2.05%)

18:45
07/23/19
07/23
18:45
07/23/19
18:45
Periodicals
Deutsche Bank's credit derivatives seen as hard to offload, Reuters says »

Three bank insiders have…

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  • 24

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NHI

National Health Investors

$79.63

0.91 (1.16%)

18:35
07/23/19
07/23
18:35
07/23/19
18:35
Hot Stocks
National Health Investors to invest $7.6M in Colorado community »

National Health Investors…

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RGLS

Regulus

$1.13

-0.07 (-5.83%)

18:32
07/23/19
07/23
18:32
07/23/19
18:32
Hot Stocks
Regulus announces a program update for RGLS4326 »

Regulus Therapeutics…

03/08/13
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  • 01

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