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ABMD

Abiomed

$200.63

-4.38 (-2.14%)

21:24
08/04/19
08/04
21:24
08/04/19
21:24

Abiomed shares should rally on final IPPS rates, says Piper Jaffray

The final inpatient prospective payment system rates were issued by the Center Medicare & Medicaid Services that go into effect on October 1 late last Friday, Piper Jaffray analyst Matt O'Brien tells investors in a research note. Overall, the rates were cut a little more than they were in 2019 based on relative values, adds the analyst. However, the "clear surprise" from the final rates, according to O'Brien, was diagnosis-related group 215 was unchanged compared to 2019 following a proposed cut of about 27% earlier this year. This code is where most Impella cases are charged to, so the update on Friday will likely be viewed favorably for Abiomed, says the analyst. He expects the stock to rally Monday on the news and keeps an Overweight rating on the name.

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    Aug

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    Sep

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    Nov

ABMD Abiomed
$200.63

-4.38 (-2.14%)

08/02/19
GUGG
08/02/19
DOWNGRADE
GUGG
Neutral
Guggenheim sees 'deeper issues' at Abiomed, downgrades to Neutral
As previously reported, Guggenheim analyst Chris Pasquale downgraded Abiomed to Neutral from Buy after the company reported disappointing Q1 results, marking its second straight quarter of "sluggish growth." Given the lack of a sales recovery, he no longer believes it's reasonable to assign primary blame for this slowdown to the FDA's letter, but thinks it's increasingly likely that Impella has entered a flatter adoption phase, Pasquale tells investors. He believes the process of establishing a "new normal" growth trajectory "could be a protracted one," Pasquale concluded.
08/02/19
BTIG
08/02/19
DOWNGRADE
Target $225
BTIG
Neutral
Abiomed downgraded to Neutral from Buy at BTIG
BTIG analyst Sean Lavin downgraded Abiomed to Neutral with a price target of $225 after its disappointing Q1 results and cut in guidance. The analyst notes that he warned investors might want to wait until the end of the first half, but says he is still surprised by the slower cardiac end market.
08/02/19
MSCO
08/02/19
DOWNGRADE
Target $215
MSCO
Equal Weight
Morgan Stanley downgrades Abiomed, says problems look more structural
As previously reported, Morgan Stanley analyst David Lewis downgraded Abiomed to Equal Weight from Overweight, stating that the issues pressuring its results "look more structural than transient" following weakness that has persisted for two quarters. As Impella seems to be transitioning to a more mature market outlook, other key catalysts remain two to three years away, said Lewis, who cut his price target on Abiomed shares to $215 from $325.
08/02/19
WBLR
08/02/19
NO CHANGE
WBLR
Outperform
Abiomed now 'show-me story' after two 'weaker' quarters, says William Blair
Following two "weaker" quarters in a row, Abiomed shares have become something of a "show-me story" until the company demonstrates it can start to reaccelerate growth sustainably, William Blair analyst Margaret Kaczor tells investors in a research note. The analyst, however, believes there is room for Abiomed's growth to reaccelerate to 20%-plus, though she admits this is now more likely in fiscal 2021 once the company's investments can come to fruition and new product launches can have a more material impact. With the stock at 8.8 times her 2020 revenue estimate, Kaczor keeps an Outperform rating on Abiomed.

TODAY'S FREE FLY STORIES

ESYJY

easyJet

$0.00

(0.00%)

20:35
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MSEX

Middlesex Water

$62.07

1.5 (2.48%)

20:31
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DLAKY

Lufthansa

$0.00

(0.00%)

20:29
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Lufthansa initiated at Goldman Sachs »

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TGT

Target

$110.86

0.27 (0.24%)

, LOW

Lowe's

$113.41

-1.62 (-1.41%)

20:25
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Notable companies reporting before tomorrow's open »

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$110.86

0.27 (0.24%)

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$113.41

-1.62 (-1.41%)

NTES

NetEase

$288.77

-1.33 (-0.46%)

CPRT

Copart

$86.33

0.32 (0.37%)

LB

L Brands

$17.19

-0.67 (-3.75%)

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ICAGY

IAG

$0.00

(0.00%)

20:23
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20:23
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RYAAY

Ryanair

$86.27

0.52 (0.61%)

20:20
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LXFR

Luxfer

$17.57

0.16 (0.92%)

20:11
11/19/19
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20:11
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Initiation
Luxfer initiated at B. Riley FBR »

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VAL

Valaris

$3.69

-0.515 (-12.26%)

20:09
11/19/19
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20:09
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RIG

Transocean

$4.66

-0.16 (-3.32%)

20:03
11/19/19
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20:03
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Initiation
Transocean initiated at Deutsche Bank »

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FTI

TechnipFMC

$19.29

-0.24 (-1.23%)

19:58
11/19/19
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19:58
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Initiation
TechnipFMC initiated at Deutsche Bank »

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SLB

Schlumberger

$34.31

-0.36 (-1.04%)

19:53
11/19/19
11/19
19:53
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Initiation
Schlumberger initiated at Deutsche Bank »

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PTEN

Patterson-UTI

$8.49

-0.095 (-1.11%)

19:45
11/19/19
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19:45
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19:45
Initiation
Patterson-UTI initiated at Deutsche Bank »

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SAFE

Safehold

$34.59

-1.33 (-3.70%)

19:38
11/19/19
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19:38
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Syndicate
Safehold 3M share Secondary priced at $34.00 »

The deal size was…

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HP

Helmerich & Payne

$38.39

-0.45 (-1.16%)

19:36
11/19/19
11/19
19:36
11/19/19
19:36
Initiation
Helmerich & Payne initiated at Deutsche Bank »

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HAL

Halliburton

$19.89

-0.26 (-1.29%)

19:31
11/19/19
11/19
19:31
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Initiation
Halliburton initiated at Deutsche Bank »

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BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

19:24
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Baker Hughes initiated at Deutsche Bank »

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PHAT

Phathom Pharmaceuticals

$24.79

-0.09 (-0.36%)

19:23
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Initiation
Phathom Pharmaceuticals initiated at Evercore ISI »

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SHW

Sherwin-Williams

$584.48

-1.13 (-0.19%)

19:20
11/19/19
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19:20
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Downgrade
Sherwin-Williams rating change at Edward Jones »

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

, SPX

S&P 500

$0.00

(0.00%)

19:17
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Periodicals
Commerce Sec Ross says China trade talks still work in progress, Bloomberg says »

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SPY

SPDR S&P 500 ETF Trust

$311.95

-0.06 (-0.02%)

SPX

S&P 500

$0.00

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

19:10
11/19/19
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19:10
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19:10
Downgrade
Berry Petroleum rating change at KeyBanc »

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NYMT

New York Mortgage

$6.25

0.015 (0.24%)

19:05
11/19/19
11/19
19:05
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19:05
Syndicate
New York Mortgage 25M share Spot Secondary priced at $6.10 »

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  • 20

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LNG

Cheniere Energy

$59.77

-0.69 (-1.14%)

19:01
11/19/19
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19:01
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19:01
Hot Stocks
Cheniere Energy CEO buys 8.4K shares of common stock »

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  • 04

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SQ

Square

$66.43

0.68 (1.03%)

18:57
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Square CFO: Our mission is economic empowerment »

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AVID

Avid Technology

$7.74

0.15 (1.98%)

, DL

China Distance Education

$7.15

0.05 (0.70%)

18:56
11/19/19
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: Avid…

AVID

Avid Technology

$7.74

0.15 (1.98%)

DL

China Distance Education

$7.15

0.05 (0.70%)

ESE

Esco Technologies

$86.71

1.94 (2.29%)

BCRX

BioCryst

$2.03

0.33 (19.41%)

CTMX

CytomX Therapeutics

$5.15

-0.03 (-0.58%)

ENDP

Endo

$4.44

-0.02 (-0.45%)

AVYA

Avaya

$12.11

-0.22 (-1.78%)

BKR

Baker Hughes

$22.01

-0.155 (-0.70%)

URBN

Urban Outfitters

$28.73

-1.43 (-4.74%)

ALC

Alcon

$59.00

0.105 (0.18%)

ORGO

Organogenesis

$8.01

0.02 (0.25%)

AMRN

Amarin

$22.74

0.11 (0.49%)

CRSP

Crispr Therapeutics

$68.46

9.94 (16.99%)

MGP

MGM Growth

$32.46

-0.39 (-1.19%)

RIG

Transocean

$4.66

-0.16 (-3.32%)

NYMT

New York Mortgage

$6.25

0.015 (0.24%)

MSEX

Middlesex Water

$62.07

1.5 (2.48%)

03/08/13
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NVDA

Nvidia

$207.90

-4.36 (-2.05%)

, MLNX

Mellanox

$114.40

0.245 (0.21%)

18:47
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11/19
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18:47
Hot Stocks
Nvidia CEO: We're at the beginning of the artificial intelligence revolution »

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NVDA

Nvidia

$207.90

-4.36 (-2.05%)

MLNX

Mellanox

$114.40

0.245 (0.21%)

03/08/13
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