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MYGN

Myriad Genetics

$25.36

2.14 (9.22%)

07:57
08/17/19
08/17
07:57
08/17/19
07:57

Myriad Genetics stock might have an FDA issue, Barron's says

Myriad Genetics plunged last week after reporting a surprise loss for the quarter, as revenue slid from pricing pressures on the company's main business of testing for hereditary cancer risk and birth defects, Bill Alpert writes in this week's edition of Barron's. More alarming to investors, however, the GeneSight test that Myriad is counting on to restore sales growth seems to be in trouble with the FDA, the author notes. Reference Link

  • 13

    Nov

MYGN Myriad Genetics
$25.36

2.14 (9.22%)

08/14/19
DBAB
08/14/19
NO CHANGE
Target $35
DBAB
Hold
Myriad Genetics price target lowered to $35 from $45 at Deutsche Bank
Deutsche Bank analyst Matt O'Connor lowered his price target for Myriad Genetics to $35 from $45 following last night's "tough" quarter. The analyst keeps a Hold rating on the shares saying he'd be more constructive on greater conviction in Myriad's efforts outside of hereditary cancer testing and/or greater volume growth in hereditary cancer testing.
08/14/19
JPMS
08/14/19
NO CHANGE
Target $27
JPMS
Underweight
Myriad Genetics reported another disappointing quarter, says JPMorgan
Myriad Genetics reported another disappointing quarter as most products fell short of expectations, JPMorgan analyst Tycho Peterson tells investors in a research note. While the company continues to make incremental progress on guideline and reimbursement expansion for a number of products, the timing and magnitude of revenue upside remains uncertain, adds the analyst. Peterson sees more downside risk for shares at current levels and maintains an Underweight rating on Myriad Genetics with a $27 price target.
08/14/19
08/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Avedro (AVDR) downgraded to Neutral from Overweight at JPMorgan with analyst Robbie Marcus saying another suitor emerging to compete with Glaukos's (GKOS) buyout offer is unlikely. 2. Myriad Genetics (MYGN) downgraded to Neutral from Overweight at Piper Jaffray with analyst William Quirk saying the company reported "disappointing" fiscal Q4 results with revenue, adjusted earnings and FY20 guidance well below consensus. 3. Pattern Energy (PEGI) downgraded to Market Perform from Outperform at Wells Fargo with analyst Neil Kalton saying after the company confirmed it has drawn interest from third parties, the analyst believes Pattern's current valuation reflects some amount of a takeout premium. 4. Advance Auto Parts (AAP) downgraded to Neutral from Buy at Guggenheim with analyst Ali Faghri citing the company's weaker than expected Q2 results and sees risk to its fiscal 2019 guidance. 5. Equity Commonwealth (EQC) downgraded to Market Perform at JMP Securities with analyst Mitch Germain citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/14/19
LEHM
08/14/19
DOWNGRADE
Target $25
LEHM
Underweight
Myriad Genetics downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Jack Meehan downgraded Myriad Genetics to Underweight from Equal Weight after the company disclosed that it is in discussion with the FDA to make changes to the GeneSight test report, which he thinks could compromise the test's value proposition. While Myriad would not comment further on what changes it would need to make, the analyst believes the primary concern raised by the FDA may be around specific medication recommendations for patients with depression. Meehan also lowered his price target on the shares to $25 from $40.

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BPMX

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SKIS

Peak Resorts

$10.99

0.005 (0.05%)

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SPKE

Spark Energy

$10.07

0.06 (0.60%)

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SPKE

Spark Energy

$10.07

0.06 (0.60%)

16:02
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Syndicate
Breaking Syndicate news story on Spark Energy »

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FTFT

Future FinTech

$1.01

-0.02 (-1.95%)

16:01
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SALM

Salem Media

$1.65

-0.115 (-6.52%)

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Syndicate
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SALM

Salem Media

$1.65

-0.115 (-6.52%)

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Syndicate
Breaking Syndicate news story on Salem Media »

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BMRC

Bank of Marin

$42.89

-0.63 (-1.45%)

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RIG

Transocean

$5.78

-0.08 (-1.37%)

15:30
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Options
Long-term deep otm puts in Transocean see action »

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IWM

iShares Trust Russell 2000 Index Fund

$155.47

-0.26 (-0.17%)

, RUT

Russell 2000 Index

$0.00

(0.00%)

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On The Fly: Weekly technical notes for Russell 2000 »

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IWM

iShares Trust Russell 2000 Index Fund

$155.47

-0.26 (-0.17%)

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Russell 2000 Index

$0.00

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NASDAQ Market Internals

$0.00

(0.00%)

15:17
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TD

Toronto-Dominion

$57.84

0.27 (0.47%)

, DB

Deutsche Bank

$8.02

-0.05 (-0.62%)

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Periodicals
TD accepted Epstein accounts after Deutsche cut ties, Bloomberg says »

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Toronto-Dominion

$57.84

0.27 (0.47%)

DB

Deutsche Bank

$8.02

-0.05 (-0.62%)

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$NYE

NYSE Market Internals

$0.00

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ADVM

Adverum Biotechnologies

$6.33

0.15 (2.43%)

15:15
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Adverum Biotechnologies put volume heavy and directionally bearish »

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SPY

SPDR S&P 500 ETF Trust

$299.02

-0.656381 (-0.22%)

, SPX

S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$299.02

-0.656381 (-0.22%)

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GOOG

Alphabet

$1,232.55

-7.05 (-0.57%)

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Alphabet Class A

$1,232.30

-5.91 (-0.48%)

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$1,232.55

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$1,232.30

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MGM

MGM Resorts

$28.92

-0.14 (-0.48%)

, BX

Blackstone

$52.46

-0.45 (-0.85%)

15:00
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Periodicals
MGM Resorts in talks to sell Circus Circus casino to Phil Ruffin, Bloomberg says »

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MGM Resorts

$28.92

-0.14 (-0.48%)

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Blackstone

$52.46

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TGT

Target

$107.36

-0.48 (-0.45%)

15:00
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Options
Buyer pays 12c over parity for deep in the money expiring Sep 87.5 calls »

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CAG

Conagra Brands

$29.95

0.3 (1.01%)

14:55
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14:55
Options
ConAgra put volume heavy and directionally bearish »

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Fed's Kaplan said he backed the Fed's rate cuts in September and July »

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FB

Facebook

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-0.44 (-0.23%)

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SKT

Tanger Factory

$15.90

0.13 (0.82%)

14:35
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Tanger Factory put volume heavy and directionally bearish »

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Action Economics Survey results: »

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