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ACRS

Aclaris Therapeutics

$1.40

-0.205 (-12.77%)

06:41
10/22/19
10/22
06:41
10/22/19
06:41

Aclaris Therapeutics upgraded to Outperform from Market Perform at SVB Leerink

SVB Leerink analyst Pasha Sarraf upgraded Aclaris Therapeutics to Outperform from Market Perform with a $3.50 price target.

  • 28

    Oct

ACRS Aclaris Therapeutics
$1.40

-0.205 (-12.77%)

09/06/19
JMPS
09/06/19
DOWNGRADE
JMPS
Market Perform
Aclaris Therapeutics downgraded to Market Perform from Outperform at JMP Securities
JMP Securities analyst Donald Ellis downgraded Aclaris Therapeutics to Market Perform from Outperform.
09/06/19
09/06/19
DOWNGRADE

Market Perform
Aclaris Therapeutics cut to Market Perform at JMP Securities on strategic review
As previously reported, JMP Securities analyst Donald Ellis downgraded Aclaris Therapeutics to Market Perform from Outperform after the company announced that it is reviewing strategic alternatives and laying off staff yesterday. The analyst notes that while the stock is trading at a near cash per share valuation, it has also shifted its focus to developing early-stage assets in rheumatology and immuno-inflammatory conditions and has no clinical trial data yet from these programs yet. Ellis expects Aclaris to spend about $33M over the next 12 months, leaving it with $62M in cash.
09/06/19
09/06/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Antero Resources (AR) downgraded to Neutral from Buy at Goldman Sachs with analyst Brian Singer saying the stock offers a less attractive relative valuation at 5.5-times his expected FY20 upstream pre-hedge EBITDA, which is largely in line with its other "gassy" peers. 2. Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette with analyst Brian Kleinhanzl saying that following the Federal Reserve's recent rate cut, the trade war escalated, which is now expected to lower economic growth. 3. Conagra Brands (CAG) downgraded to Neutral from Buy at Goldman Sachs with analyst Jason English saying consensus estimates for sales and earnings may be too high in the near term. 4. Aclaris Therapeutics (ACRS) downgraded to Market Perform from Outperform at JMP Securities with analyst Donald Ellis citing the company's announcement that it is reviewing strategic alternatives and laying off staff yesterday. 5. Entergy (ETR) downgraded to Equal Weight from Overweight at Morgan Stanley. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/19
WBLR
10/11/19
NO CHANGE
WBLR
Outperform
William Blair sees 'significant value disconnect' in Aclaris Therapeutics
William Blair analyst Tim Lugo maintains an Outperform rating on Aclaris Therapeutics after the company announced the divestiture of worldwide rights for Rhofade to EPI Health for up to $55M. The analyst says the deal value compares well with his previously estimated net present value for the Rhofade program of $65M. The divestiture is a first step in management extracting value from its commercial portfolio as the company has signaled additional partnerships and divestitures, Lugo tells investors in a research note. He continues to see a "significant value disconnect" with Aclaris shares trading at less than half of cash. The analyst sees "some promising early-stage assets, and near-term potential for strategic partnerships."

TODAY'S FREE FLY STORIES

INFO

IHS Markit

$69.12

0.22 (0.32%)

15:55
11/12/19
11/12
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15:55
Conference/Events
IHS Markit to host conference call »

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  • 12

    Nov

CUE

Cue Biopharma

$9.16

0.16 (1.78%)

15:55
11/12/19
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Conference/Events
Cue Biopharma to host conference call »

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  • 12

    Nov

DPLO

Diplomat Pharmacy

$3.03

-3.17 (-51.13%)

15:54
11/12/19
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11/12/19
15:54
Recommendations
Diplomat Pharmacy analyst commentary  »

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  • 12

    Nov

CLNY

Colony Capital

$4.99

-0.055 (-1.09%)

15:49
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Digital Colony acquires Beanfield Technologies, terms not disclosed »

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  • 12

    Nov

  • 10

    Dec

15:43
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11/12
15:43
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15:43
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

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ET

Energy Transfer LP

$11.80

-0.18 (-1.50%)

15:38
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Periodicals
FBI opens corruption probe of approval for Mariner East pipelines, AP says »

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TWOU

2U

$22.27

0.46 (2.11%)

15:34
11/12/19
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Options
2U options imply 21.4% move in share price post-earnings »

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  • 12

    Nov

AXAS

Abraxas Petroleum

$0.31

-0.0309 (-9.18%)

15:33
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Hot Stocks
Abraxas Petroleum cancels Q3 earnings call scheduled for this afternoon »

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  • 12

    Nov

15:25
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11/12
15:25
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General news
Treasury Market Summary »

Treasury Market Summary:…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$308.45

0.06 (0.02%)

15:20
11/12/19
11/12
15:20
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Periodicals
POTUS advisers exploring 15% tax rate proposal for middle class, WP says »

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$0.00

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SPDR S&P 500 ETF Trust

$308.45

0.06 (0.02%)

03/08/13
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HUYA

Huya

$24.33

-1 (-3.95%)

15:19
11/12/19
11/12
15:19
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15:19
Options
HUYA options imply 14.0% move in share price post-earnings »

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  • 12

    Nov

  • 09

    Dec

SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

, SPX

S&P 500

$0.00

(0.00%)

15:18
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15:18
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General news
Kudlow says in 'very preliminary stages' of talks on possible tax cut proposal »

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SPY

SPDR S&P 500 ETF Trust

$308.49

0.1 (0.03%)

SPX

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$0.00

(0.00%)

03/08/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/12/19
11/12
15:17
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15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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11/12
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Technical Analysis
NYSE market internals summary »

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DASTY

Dassault Systemes

$0.00

(0.00%)

15:14
11/12/19
11/12
15:14
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15:14
Conference/Events
Dassault Systemes to hold a meeting »

Life Sciences Day to be…

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  • 13

    Nov

SYNA

Synaptics

$58.80

0.19 (0.32%)

15:13
11/12/19
11/12
15:13
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15:13
Conference/Events
Synaptics management to meet with KeyBanc »

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  • 12

    Nov

  • 13

    Nov

SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

S&P 500

$0.00

(0.00%)

15:11
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General news
Kudlow says no tariff adjustments will be made unless there is trade deal »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

SPX

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$0.00

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AAPL

Apple

$261.59

-0.57 (-0.22%)

15:10
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Periodicals
Ex-HBO chief Plepler in talks to create original content for Apple TV+, WSJ says »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

, SPX

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$0.00

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15:08
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General news
Kudlow says President's key point was trade deal must be a 'good deal' for U.S. »

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SPY

SPDR S&P 500 ETF Trust

$308.41

0.02 (0.01%)

SPX

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$0.00

(0.00%)

03/08/13
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SDC

SmileDirectClub

$11.12

-0.73 (-6.16%)

15:04
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15:04
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Options
SmileDirectClub options imply 23.6% move in share price post-earnings »

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  • 12

    Nov

KEM

Kemet

$25.94

2.91 (12.64%)

15:02
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15:02
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Downgrade
Kemet rating change  »

Kemet downgraded to Hold…

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  • 12

    Nov

TSLA

Tesla

$346.80

1.73 (0.50%)

14:55
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Periodicals
Tesla CEO Musk says to build EU Gigafactory in 'Berlin area,' Bloomberg reports »

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PCG

PG&E

$6.78

0.54 (8.65%)

14:54
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PG&E announces extended deadline for filing fire claims in chapter 11 cases »

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  • 12

    Nov

  • 07

    Jan

AZUL

Azul

$35.23

-1.32 (-3.61%)

, EADSY

Airbus

$0.00

(0.00%)

14:52
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Hot Stocks
Azul receives first Airbus A321neo in Brazil »

Azul (AZUL) received the…

AZUL

Azul

$35.23

-1.32 (-3.61%)

EADSY

Airbus

$0.00

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TKAMY

ThyssenKrupp

$0.00

(0.00%)

, BX

Blackstone

$51.89

-0.01 (-0.02%)

14:49
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Periodicals
3G Capital among suitors for ThyssenKrupp's elevator unit, Bloomberg says »

Brazilian-American…

TKAMY

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$0.00

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BX

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$51.89

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CG

Carlyle Group

$27.74

0.24 (0.87%)

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