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MNK

Mallinckrodt

$5.31

-0.83 (-13.52%)

08:52
08/12/19
08/12
08:52
08/12/19
08:52

Mallinckrodt price target lowered to $7 from $10 at SunTrust

SunTrust analyst Gregg Gilbert lowered his price target on Mallinckrodt to $7 and kept his Hold rating after its Q2 results and lower Acthar sales. The analyst warns that investors will remain cautious on the stock amid the continued uncertainty around its potential opioid liability, even though the company's cash flow, debt reduction, and "good growth" in its Hospital business were the bright spots for the quarter. Gilbert further cites the positive performance and long-term potential of Mallinckrodt's Inomax franchise in spite of its competitive threats.

  • 04

    Sep

  • 09

    Sep

MNK Mallinckrodt
$5.31

-0.83 (-13.52%)

06/13/19
STFL
06/13/19
NO CHANGE
Target $24
STFL
Hold
Mallinckrodt's Acthar Phase 4 data shows 'strong' evidence in RA, says Stifel
Stifel analyst Annabel Samimy maintained a Hold rating and $24 price target on Mallinckrodt after the company released the full release of its two-part Phase 4 study of Acthar in refractory patients with persistent Rheumatoid Arthritis at EULAR, noting that both parts of the study hit all primary and secondary endpoints. In a research note to investors, Samimy says with these data that show "strong" clinical evidence in RA, she sees opportunity for Mallinckrodt to have more meaningful clinical discussions in third-party payer negotiations and greater validation with Medicare, both of which could support Acthar volumes going forward.
06/14/19
ADAM
06/14/19
NO CHANGE
Target $22
ADAM
Buy
Mallinckrodt price target lowered to $22 from $37 at Canaccord
Canaccord analyst Dewey Steadman lowered his price target on Mallinckrodt to $22 from $37 following the company's release of a blinded RA study showing Acthar's effectiveness. The analyst noted the data is the first of a string of expected Acthar data reads that he thinks can bolster and justify Acthar's use for exacerbations in highly refractory immune-modulated conditions. The price target reduction is based on a lower expected contribution from pipeline products. Steadman maintained his Buy rating on Mallinckrodt shares.
07/11/19
JEFF
07/11/19
NO CHANGE
Target $10
JEFF
Hold
Mallinckrodt price target lowered to $10 from $15 at Jefferies
Jefferies analyst Anthony Petrone lowered his price target for Mallinckrodt to $10 from $15 saying the latest Symphony Health prescription data show Acthar declines accelerating to mid-teens since the Centers for Medicare and Medicaid Services announced intentions to reduce the Medicaid base date average manufacturer price in late May. Although Medicaid is only ~10% of Acthar sales, the CMS announcement appears to be having a "chilling effect" on fill rates as the injunctive relief process under the Administrative Procedure Act evolves, Petrone tells investors in a research note. He lowered his estimates to reflect "ongoing uncertainties" and keeps a Hold rating on Mallinckrodt.
07/17/19
LEHM
07/17/19
NO CHANGE
Target $11
LEHM
Overweight
Mallinckrodt halted trial 'further clouds' Acthar growth, says Barclays
Barclays analyst Balaji Prasad maintains an Equal Weight rating on Mallinckrodt with an $11 price target after the company permanently discontinued its Phase 2b study of Acthar in patients with amyotrophic lateral sclerosis. The trial result raises some uncertainty over increased Acthar utilization that may have followed positive clinical readouts, Prasad tells investors in a research note. Further, he believes the halted study "further clouds" the Acthar growth outlook.

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SPY

SPDR S&P 500 ETF Trust

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3.52 (1.22%)

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Kohl's

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BHP

BHP Group

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BHP

BHP Group

$49.12

0.31 (0.64%)

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AAPL

Apple

$210.32

3.88 (1.88%)

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ACN

Accenture

$195.19

2.005 (1.04%)

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BIDU

Baidu

$104.28

7.63 (7.89%)

, NBRV

Nabriva Therapeutics

$2.21

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Baidu

$104.28

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NBRV

Nabriva Therapeutics

$2.21

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MRNA

Moderna

$13.41

0.235 (1.78%)

VSLR

Vivint Solar

$8.30

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FN

Fabrinet

$56.40

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IQ

iQIYI

$18.10

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MRUS

Merus

$18.46

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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ET

Energy Transfer LP

$13.77

0.3 (2.23%)

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AAPL

Apple

$210.32

3.88 (1.88%)

, SNE

Sony

$55.71

-0.01 (-0.02%)

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Apple

$210.32

3.88 (1.88%)

SNE

Sony

$55.71

-0.01 (-0.02%)

NFLX

Netflix

$309.40

6.66 (2.20%)

DIS

Disney

$135.33

0.14 (0.10%)

T

AT&T

$35.40

0.42 (1.20%)

CBS

CBS

$44.21

0.38 (0.87%)

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LGIH

LGI Homes

$78.56

3.36 (4.47%)

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

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  • 27

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WMT

Walmart

$113.76

0.77 (0.68%)

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X

U.S. Steel

$12.42

1.13 (10.01%)

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  • 23

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SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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  • 19

    Aug

SRPT

Sarepta

$120.16

-4.81 (-3.85%)

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  • 19

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BSX

Boston Scientific

$42.74

0.59 (1.40%)

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AMZN

Amazon.com

$1,816.29

24.47 (1.37%)

, GOOG

Alphabet

$1,198.01

21.07 (1.79%)

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Amazon.com

$1,816.29

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GOOG

Alphabet

$1,198.01

21.07 (1.79%)

GOOGL

Alphabet Class A

$1,199.94

21.25 (1.80%)

FB

Facebook

$186.22

2.8 (1.53%)

MSFT

Microsoft

$138.43

2.3 (1.69%)

AAPL

Apple

$210.32

3.88 (1.88%)

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FB

Facebook

$186.22

2.8 (1.53%)

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MPW

Medical Properties Trust

$18.28

0.13 (0.72%)

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  • 19

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WMT

Walmart

$113.76

0.77 (0.68%)

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MAXR

Maxar Technologies

$6.49

0.185 (2.93%)

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RCI

Rogers Communications

$51.30

0.21 (0.41%)

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