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TEVA

Teva

$7.75

0.25 (3.33%)

13:58
10/21/19
10/21
13:58
10/21/19
13:58

Teva settles Ohio opioid cases, has framework in place to settle remaining cases

Teva Pharmaceutical Industries (TEVA) and its affiliates announced a settlement agreement with both Cuyahoga and Summit counties of Ohio. The settlement resolves the counties' claims and removes Teva from the Track 1 opioid litigation. Under the terms of the settlement, the company will provide the two counties with the critical opioid treatment medication buprenorphine naloxone, known by the brand name Suboxone, valued at $25M and distributed over three years to help in the care and treatment of people suffering from addiction and a cash payment in the amount of $20M, to be paid over three years. The company also confirms that there is an agreement in principle with a group of attorneys general from North Carolina, Pennsylvania, Tennessee and Texas, as well as certain defendants, for a global settlement framework. The framework is designed to provide a mechanism by which the company attempts to seek resolution of remaining potential and pending opioid claims by both the states and political subdivisions. Under this agreement, Teva would donate buprenorphine naloxone, in quantities of up to the amount needed to meet the majority of the currently estimated U.S. patient need over the next 10 years, with a value of approximately $23B. Buprenorphine naloxone is the primary drug used to treat opioid addiction. The Teva product donation will significantly contribute to the care and treatment of people suffering from addiction and assist impacted communities. Teva would also provide a cash payment of up to $250M over 10 years.

  • 07

    Nov

  • 07

    Dec

TEVA Teva
$7.75

0.25 (3.33%)

10/03/19
PIPR
10/03/19
NO CHANGE
Target $29
PIPR
Overweight
Bausch unlikely to face generic Xifaxan before 2028, says Piper Jaffray
Piper Jaffray analyst David Amsellem says he would not be worried that a generic Xifaxan entrant will emerge prior to the January 2028 launch date outlined in Bausch Health Companies' (BHC) settlement with Teva (TEVA) on its generic filing. The analyst highlights the "relatively complex nature" of Xifaxan and Bausch's "fairly deep intellectual property estate." As such, he continues to believe that visibility into a "durable" EBITDA for Bausch Health is high, with a longer-term annual growth "reaching at least the high single digits." He reiterates an Overweight rating on the shares with a $29 price target.
10/16/19
GABE
10/16/19
UPGRADE
GABE
Buy
Teva upgraded to Buy from Hold at Gabelli
Gabelli analyst Kevin Kedra upgraded Teva Pharmaceutical to Buy from Hold.
10/17/19
GABE
10/17/19
UPGRADE
GABE
Buy
Gabelli upgrades Teva to Buy as global opioid settlement appears more likely
As previously reported, Gabelli analyst Kevin Kedra upgraded Teva Pharmaceutical to Buy from Hold following reports that the company had proposed to settle its opioid litigation by giving away $15B of free drugs. A global settlement is appearing more likely and a "finalized opioid settlement in almost any form is likely to be a positive for Teva" as it would eliminate a critical overhang, the analyst contends. The negative impact to Teva's EBITDA of $15B of free drugs could be as low as $250M per year, depending on the details of the proposed settlement, Kedra said. A global settlement is likely to be positive for companies directly facing opioid liabilities, but using free product as restitution could disrupt the generic drug industry as "it is hard to compete against free drugs," Kedra added.
10/17/19
10/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Container Store (TCS) upgraded to Neutral from Sell at Goldman Sachs with analyst Kate McShane saying after the recent underperformance, the she sees less downside risk for Container Store shares. 2. Teva (TEVA) upgraded to Buy from Hold at Gabelli with analyst Kevin Kedra citing reports that the company had proposed to settle its opioid litigation by giving away $15B of free drugs. 3. Boston Beer (SAM) upgraded to Outperform from Market Perform at Cowen with analyst Vivien Azer saying with Truly continuing to drive "outsized growth," and with new formulations and a lemonade line-extension slated for next year, the brand will continue to transform Boston Beer's "growth algorithm" and offset continued softness in beer and cider. 4. Cirrus Logic (CRUS) upgraded to Equal Weight from Underweight at Barclays analyst Blayne Curtis saying he no longer sees a downside catalyst and risk to consensus estimates. 5. Autoliv (ALV) upgraded to In Line from Underperform at Evercore ISI with analyst Chris McNally citing seasonality, the company's upcoming Capital Markets Day and as he rolled forward his auto supplier targets to 2021. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NTZ

Natuzzi

$1.70

0.1 (6.25%)

17:21
11/11/19
11/11
17:21
11/11/19
17:21
Hot Stocks
Natuzzi Chief Commercial Officer Nazzario Pozzi departs »

Natuzzi announced that…

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  • 02

    Dec

UGI

UGI Corporation

$46.21

-0.35 (-0.75%)

17:18
11/11/19
11/11
17:18
11/11/19
17:18
Earnings
Breaking Earnings news story on UGI Corporation »

UGI Corporation sees FY20…

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  • 12

    Nov

UGI

UGI Corporation

$46.21

-0.35 (-0.75%)

17:17
11/11/19
11/11
17:17
11/11/19
17:17
Earnings
UGI Corporation reports Q4 EPS (27c), consensus (4c) »

Reports Q4 revenue…

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  • 12

    Nov

GOOG

Alphabet

$1,298.76

-10.6 (-0.81%)

, GOOGL

Alphabet Class A

$1,297.98

-10 (-0.76%)

17:05
11/11/19
11/11
17:05
11/11/19
17:05
Periodicals
State AGs gather in Colorado to go over Google antitrust probe, Reuters says »

State attorneys general…

GOOG

Alphabet

$1,298.76

-10.6 (-0.81%)

GOOGL

Alphabet Class A

$1,297.98

-10 (-0.76%)

FB

Facebook

$189.57

-1.29 (-0.68%)

03/08/13
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03/06/13
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FNV

Franco-Nevada

$95.70

0.09 (0.09%)

17:03
11/11/19
11/11
17:03
11/11/19
17:03
Hot Stocks
Franco-Nevada reports 133,219 Gold Equivalent Ounces sold in Q3 »

"Franco-Nevada's…

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  • 12

    Nov

FNV

Franco-Nevada

$95.70

0.09 (0.09%)

17:02
11/11/19
11/11
17:02
11/11/19
17:02
Earnings
Franco-Nevada reports Q3 EPS 54c, may not compare to consensus 27c »

Reports Q3 revenue…

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  • 12

    Nov

ENR

Energizer

$43.11

-0.265 (-0.61%)

16:55
11/11/19
11/11
16:55
11/11/19
16:55
Hot Stocks
Energizer appoints new CFO, Chief Legal Officer, and Chief Accounting Officer »

Energizer Holdings…

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  • 13

    Nov

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    Nov

LYV

Live Nation

$64.47

1.31 (2.07%)

16:52
11/11/19
11/11
16:52
11/11/19
16:52
Upgrade
Live Nation rating change  »

Live Nation upgraded to…

03/08/13
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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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BUD

AB InBev

$78.70

0.22 (0.28%)

, BREW

Craft Brew

$7.33

0.06 (0.83%)

16:51
11/11/19
11/11
16:51
11/11/19
16:51
Hot Stocks
Anheuser-Busch to buy remaining Craft Brew Alliance stake for $16.50 per share »

Today, Craft Brew…

BUD

AB InBev

$78.70

0.22 (0.28%)

BREW

Craft Brew

$7.33

0.06 (0.83%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 12

    Nov

  • 13

    Nov

  • 27

    Feb

CHAP

Chaparral Energy

$0.90

0.089 (10.99%)

16:47
11/11/19
11/11
16:47
11/11/19
16:47
Earnings
Chaparral Energy reports Q3 EPS ($2.86), consensus 2c »

Reports Q3 revenue…

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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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  • 12

    Nov

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

16:43
11/11/19
11/11
16:43
11/11/19
16:43
Hot Stocks
DXC Technology says will pursue strategic alternatives for adjacent business »

In Q2 presentation…

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  • 11

    Nov

DXC

DXC Technology

$29.39

-0.69 (-2.29%)

16:41
11/11/19
11/11
16:41
11/11/19
16:41
Earnings
DXC Technology cuts FY20 EPS view to $5.25-$5.75 from $7.00-$7.75 »

Consensus $7.17. Cuts…

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03/08/13
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03/06/13
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  • 11

    Nov

LONE

Lonestar Resources

$2.88

0.08 (2.86%)

16:35
11/11/19
11/11
16:35
11/11/19
16:35
Hot Stocks
Lonestar sees Q4 production 17,200-17,600 BOE/d »

Lonestar has issued…

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  • 12

    Nov

NFE

New Fortress Energy

$15.86

-0.88 (-5.26%)

16:34
11/11/19
11/11
16:34
11/11/19
16:34
Earnings
New Fortress Energy reports Q3 EPS (30c), consensus (16c) »

Reports Q3 revenue…

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  • 12

    Nov

  • 04

    Dec

TME

Tencent Music

$14.35

0.36 (2.57%)

16:34
11/11/19
11/11
16:34
11/11/19
16:34
Hot Stocks
Tencent Music reports Q3 online music Mobile MAUs up 0.9% »

Reports Q3: Mobile MAU up…

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  • 11

    Nov

LONE

Lonestar Resources

$2.88

0.08 (2.86%)

16:33
11/11/19
11/11
16:33
11/11/19
16:33
Earnings
Lonestar has issued production guidance of 17,200 to 17,600 BOE/d for 4Q19. Prod »

Lonestar has issued…

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  • 12

    Nov

FEDU

Four Seasons Education

$2.08

0.09 (4.52%)

16:33
11/11/19
11/11
16:33
11/11/19
16:33
Hot Stocks
Four Seasons Education appoints Yi Zuo CEO »

Four Seasons Education…

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LONE

Lonestar Resources

$2.88

0.08 (2.86%)

16:32
11/11/19
11/11
16:32
11/11/19
16:32
Earnings
Lonestar reports Q3 EPS 33c, may not compare to consensus (4c) »

Reports Q3 revenue…

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  • 12

    Nov

TME

Tencent Music

$14.35

0.36 (2.57%)

16:32
11/11/19
11/11
16:32
11/11/19
16:32
Hot Stocks
Tencent Music reports Q3 online music payers up 42.2% at 35.4M »

CEO Cussion Pang says:…

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  • 11

    Nov

TME

Tencent Music

$14.35

0.36 (2.57%)

16:31
11/11/19
11/11
16:31
11/11/19
16:31
Earnings
Tencent Music reports Q3 EPS 10c, consensus 9c »

Reports Q3 revenue $910M,…

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  • 11

    Nov

KKR

KKR

$29.27

0.14 (0.48%)

, WBA

Walgreens Boots Alliance

$62.26

3.06 (5.17%)

16:31
11/11/19
11/11
16:31
11/11/19
16:31
On The Fly
Fly Intel: Wall Street's top stories for Monday »

Stocks were generally…

KKR

KKR

$29.27

0.14 (0.48%)

WBA

Walgreens Boots Alliance

$62.26

3.06 (5.17%)

EVR

Evercore Partners

$77.16

-1.14 (-1.46%)

BABA

Alibaba

$186.71

-0.4 (-0.21%)

LUV

Southwest

$58.27

0.1 (0.17%)

BA

Boeing

$366.97

16.32 (4.65%)

AAL

American Airlines

$30.58

-0.19 (-0.62%)

OTEX

OpenText

$42.54

0.99 (2.38%)

CARB

Carbonite

$22.93

4.54 (24.69%)

WE

We Company

$0.00

(0.00%)

TMUS

T-Mobile

$79.64

-1.28 (-1.58%)

S

Sprint

$5.91

-0.2 (-3.27%)

GOOG

Alphabet

$1,298.89

-10.47 (-0.80%)

GOOGL

Alphabet Class A

$1,298.21

-9.77 (-0.75%)

AAPL

Apple

$262.16

1.96 (0.75%)

AGEN

Agenus

$3.90

0.325 (9.10%)

URGN

UroGen Pharma

$24.16

0.59 (2.50%)

PLUG

Plug Power

$2.93

0.205 (7.54%)

MYOK

MyoKardia

$55.48

-4.51 (-7.52%)

SGMS

Scientific Games

$29.85

-1.74 (-5.51%)

03/08/13
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  • 11

    Nov

  • 11

    Nov

  • 12

    Nov

  • 12

    Nov

  • 12

    Nov

  • 13

    Nov

  • 13

    Nov

  • 14

    Nov

  • 18

    Nov

  • 19

    Nov

  • 22

    Nov

  • 09

    Dec

  • 12

    Dec

  • 23

    Jan

BEN

Franklin Resources

$27.95

-0.33 (-1.17%)

16:31
11/11/19
11/11
16:31
11/11/19
16:31
Hot Stocks
Franklin Resources reports preliminary AUM $693.1B as of October 31 »

Compared to $692.6B at…

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APYX

Apyx Medical

$7.23

0.25 (3.58%)

16:30
11/11/19
11/11
16:30
11/11/19
16:30
Earnings
Apyx Medical raises FY19 revenue view to $27.4M-$27.9M from $26.5M-$27.5M »

Consensus $26.97M. Sees…

03/08/13
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03/06/13
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  • 11

    Nov

  • 12

    Nov

RETA

Reata Pharmaceuticals

$213.50

1.46 (0.69%)

16:30
11/11/19
11/11
16:30
11/11/19
16:30
Hot Stocks
Breaking Hot Stocks news story on Reata Pharmaceuticals »

Reata Pharmaceuticals…

03/08/13
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  • 12

    Nov

16:30
11/11/19
11/11
16:30
11/11/19
16:30
Options
Preliminary option volume of 14.8M today »

Preliminary option volume…

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