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PFE

Pfizer

$35.06

0.44 (1.27%)

14:01
08/21/19
08/21
14:01
08/21/19
14:01

Pfizer says FDA grants XTANDI application priority review

Astellas Pharma and Pfizer announced that the U.S. Food and Drug Administration has accepted for review the filing of a supplemental New Drug Application for XTANDI to add an indication for the treatment of men with metastatic hormone-sensitive prostate cancer. The application has also been granted Priority Review, a designation given to those applications for drugs that, if approved, may offer significant improvements in the safety or effectiveness of the treatment, diagnosis or prevention of serious conditions when compared to standard applications. XTANDI is currently indicated in the U.S. for the treatment of patients with castration-resistant prostate cancer. The submission is based on results from the Phase 3 ARCHES trial presented at the 2019 Genitourinary Cancers Symposium in February and published in The Journal of Clinical Oncology in July 2019. The study evaluated the efficacy and safety of XTANDI plus androgen deprivation therapy versus ADT plus placebo in men with mHSPC. The primary endpoint of radiographic progression-free survival was met in the study.

  • 28

    Aug

  • 16

    Sep

PFE Pfizer
$35.06

0.44 (1.27%)

07/30/19
07/30/19
DOWNGRADE
Target $41

Neutral
Pfizer downgraded to Neutral from Buy at BofA/Merrill
As previously reported, BofA/Merrill analyst Jason Gerberry downgraded Pfizer to Neutra and lowered his price target to $41 from $49, citing dilution and "disproportionate loss of profit" coming from its Upjohn spin-merge. The analyst says the spin-off makes "stretegic sense" as it allows the company to focus on its "innovative" pharma unit, but for the stock to work, he believes that RemainCo would have to trade above 18-times forward earnings, which he sees as "unlikely" given Pfizer's current portfolio mix.
07/30/19
MSCO
07/30/19
NO CHANGE
Target $25
MSCO
Overweight
Mylan price target raised to $25 from $22 at Morgan Stanley
Morgan Stanley analyst David Risinger raised his price target on Mylan (MYL) shares from $22 to $25 following the company's deal to combine with Pfizer's (PFE) Upjohn unit. He expects multiple to expand given the positives he sees from the deal, including greater global scale and strength, lower leverage, an attractive dividend yield and improved corporate governance, Risinger stated. He estimates the NewCo to have an enterprise value of $54B and net debt of about $24B, which yields $30B in equity value, which he used to arrive at a share price estimate of $25.
07/30/19
07/30/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pfizer (PFE) downgraded to Equal Weight from Overweight at Morgan Stanley and to Neutral from Buy at BofA/Merrill. 2. McDonald's (MCD) downgraded to Hold from Buy at DZ Bank. 3. Booz Allen (BAH) downgraded to Market Perform from Outperform at Wells Fargo with analyst Edward Caso citing valuation. 4. Kinder Morgan (KMI) downgraded to Market Perform from Outperform at BMO Capital with analyst Danilo Juvane saying the shares are up 35% year-to-date with "no clear catalysts on the horizon." 5. Safehold (SAFE) double downgraded to Underweight from Overweight at Barclays with analyst Ross Smotrich saying strong execution, helped by declining rates, have pushed the stock up 77% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/05/19
STFL
08/05/19
NO CHANGE
Target $14
STFL
Buy
Stifel says 'a lot of negativity' already priced into GlycoMimetics shares
Following Pfizer's (PFE) disclosure of "unambiguously negative" top-line results from the Phase 3 RESET trial of rivipansel, Stifel analyst Stephen Willey removed all rivipansel-related milestones and royalties from his model for GlycoMimetics (GLYC) and cut his price target on the latter stock to $14 from $21. However, he'd argue "a lot of this negativity" about rivipansel appeared to be already priced into the stock and he remains positive on the prospects of uproleselan in AML. Willey keeps a Buy rating on GlycoMimetics shares.

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XLRN

Acceleron

$44.67

0.75 (1.71%)

22:05
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PNRL

Paringa Resources

$2.28

-0.06 (-2.56%)

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RBNC

Reliant Bancorp

$24.70

0.16 (0.65%)

20:17
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  • 23

    Sep

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, INTC

Intel

$52.21

-0.32 (-0.61%)

19:12
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Intel, Oracle collaborate on Optane DC Persistent Memory »

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

INTC

Intel

$52.21

-0.32 (-0.61%)

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  • 24

    Oct

ORCL

Oracle

$53.12

-0.64 (-1.19%)

, VMW

VMware

$155.87

4.81 (3.18%)

19:08
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19:08
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Hot Stocks
VMware, Oracle expand partnership on hybrid cloud »

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ORCL

Oracle

$53.12

-0.64 (-1.19%)

VMW

VMware

$155.87

4.81 (3.18%)

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  • 10

    Oct

ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

, BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

19:05
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ACRS

Aclaris Therapeutics

$1.09

0.06 (5.83%)

BBCP

Concrete Pumping

$4.40

0.265 (6.41%)

GLW

Corning

$30.04

-0.12 (-0.40%)

XLRN

Acceleron

$44.67

0.75 (1.71%)

SHOP

Shopify

$337.93

-0.77 (-0.23%)

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

PSTV

Plus Therapeutics

$9.51

-0.05 (-0.52%)

03/08/13
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  • 16

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  • 01

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  • 04

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  • 17

    Sep

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

19:03
09/16/19
09/16
19:03
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19:03
Hot Stocks
3G Capital sells 25.1M shares of Kraft Heinz »

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  • 01

    Oct

KHC

Kraft Heinz

$29.62

0.37 (1.27%)

18:53
09/16/19
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Hot Stocks
Kraft Heinz's Lemann acquires nearly 3.5M common shares »

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  • 01

    Oct

HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
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HMS Holdings acquires VitreosHealth for approximately $36.5M »

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18:25
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General news
U.S. industrial production preview: »

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ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
18:25
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18:25
Conference/Events
iCAD to hold an investor reception »

Management hosts "An…

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  • 16

    Sep

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
09/16/19
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Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
09/16/19
09/16
18:17
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18:17
Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
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Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
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09/16
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Periodicals
Breaking Periodicals news story on We Company »

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GM

General Motors

$37.21

-1.62 (-4.17%)

18:02
09/16/19
09/16
18:02
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18:02
Periodicals
Auto workers strike could cost GM $100M daily, WSJ says »

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03/08/13
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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
09/16/19
09/16
17:57
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17:57
Hot Stocks
Hamilton Lane vice chairman sells 150K shares of common stock »

In a regulatory filing,…

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  • 26

    Sep

17:52
09/16/19
09/16
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17:52
Conference/Events
SVB Leerink biotech analysts to hold analyst/industry conference call »

Biotech Analysts discuss…

HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:52
09/16/19
09/16
17:52
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17:52
Hot Stocks
Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

    Sep

GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

Booz Allen

$70.35

0.85 (1.22%)

17:44
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General Dynamics, Booz Allen and Parsons awarded $427M max Air Force contract »

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GD

General Dynamics

$190.91

0.98 (0.52%)

BAH

Booz Allen

$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

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  • 27

    Oct

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