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PDLI

PDL BioPharma

$2.49

0.04 (1.63%)

07:04
10/23/19
10/23
07:04
10/23/19
07:04

Engine Capital issues open letter to board of PDL BioPharma

Engine Capital, a significant shareholder of PDL BioPharma, with ownership of approximately 5.3% of the company's outstanding shares, today issued an open letter to the company's Board of Directors encouraging the company to immediately cease its investment activities and commence a review of strategic alternatives, including a possible sale or liquidation of the company. In the letter, Engine said it believes a sale or liquidation represents the best risk-adjusted path forward for shareholders and also recommends a right-sizing of the company's cost structure.

PDLI PDL BioPharma
$2.49

0.04 (1.63%)

04/12/19
OPCO
04/12/19
NO CHANGE
Target $11
OPCO
Outperform
Evofem price target raised to $11 from $9 at Oppenheimer
Oppenheimer analyst Leland Gershell raised his price target for Evofem Biosciences (EVFM) to $11 from $9 following yesterday's announcement of the securities purchase agreement with PDL BioPharma (PDLI), which he says cures a significant financing overhang on favorable terms, mitigates uncertainty around U.S. commercial economics, and provides validation by a well-regarded strategic healthcare investor. He maintains an Outperform rating.
04/12/19
CANT
04/12/19
NO CHANGE
Target $9
CANT
Overweight
Evofem financing removes near-term capital concerns, says Cantor Fitzgerald
Cantor Fitzgerald analyst Matthew Lillis believes Evofem Biosciences' (EVFM) financing agreement for up to $80M, including a strategic investment from PDL BioPharma (PDLI), removes near-term capital concerns. Further, it positions Evofem well to execute other pieces of its long-term financing strategy, which may involve sources of non-dilutive capital that could further benefit shareholders, Lillis tells investors in a research note. He reiterates an Overweight rating on the shares with a $9 price target.

TODAY'S FREE FLY STORIES

CWK

Cushman & Wakefield

$19.10

0.1 (0.53%)

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LMT

Lockheed Martin

$393.52

3.305 (0.85%)

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ESCA

Escalade

$10.90

-0.09 (-0.82%)

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CZR

Caesars

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0.1 (0.78%)

, ERI

Eldorado Resorts

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Caesars

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0.1 (0.78%)

ERI

Eldorado Resorts

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0.93 (1.82%)

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EGRX

Eagle Pharmaceuticals

$57.24

0.55 (0.97%)

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Breaking Syndicate news story on Eagle Pharmaceuticals »

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FN

Fabrinet

$60.82

0.84 (1.40%)

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Fabrinet President Gill sells 12.9K shares of common stock »

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TEUM

Pareteum

$0.38

-0.0209 (-5.21%)

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HEXO

Hexo

$1.78

-0.1 (-5.32%)

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AMGN

Amgen

$220.84

2.29 (1.05%)

, CELG

Celgene

$110.02

-0.01 (-0.01%)

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AMGN

Amgen

$220.84

2.29 (1.05%)

CELG

Celgene

$110.02

-0.01 (-0.01%)

BMY

Bristol-Myers

$58.61

0.11 (0.19%)

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RAVE

Rave Restaurant

$1.44

-0.79 (-35.43%)

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BBRC Asset Management reports 6.6% passive stake in Rave Restaurant »

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CHAP

Chaparral Energy

$0.89

-0.0521 (-5.52%)

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Chaparral Energy receives continued listing standard notice from NYSE »

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16:45
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General news
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CI

Cigna

$196.08

6.41 (3.38%)

, CNC

Centene

$57.57

2.91 (5.32%)

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On The Fly
Fly Intel: Wall Street's top stories for Friday »

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CI

Cigna

$196.08

6.41 (3.38%)

CNC

Centene

$57.57

2.91 (5.32%)

CVS

CVS Health

$74.27

1.34 (1.84%)

HUM

Humana

$335.43

17.48 (5.50%)

UNH

UnitedHealth

$269.44

13.68 (5.35%)

WCG

WellCare

$312.01

10.155 (3.36%)

HNT

Health Net

$0.00

(0.00%)

MOH

Molina Healthcare

$129.60

7.3 (5.97%)

ANTM

Anthem

$298.18

16.14 (5.72%)

HCA

HCA Healthcare

$137.98

3.51 (2.61%)

CYH

Community Health

$3.12

0.25 (8.71%)

LPNT

LifePoint

$0.00

(0.00%)

UHS

Universal Health

$144.30

3.13 (2.22%)

NVDA

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-5.76 (-2.74%)

AMZN

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MSFT

Microsoft

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UAA

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UA

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AMRN

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GOOG

Alphabet

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GOOGL

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ORCL

Oracle

$56.43

0.33 (0.59%)

RH

RH

$188.73

13.535 (7.73%)

QGEN

Qiagen

$40.56

3.255 (8.73%)

FTCH

Farfetch

$9.66

2.17 (28.97%)

THC

Tenet

$30.55

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TORC

resTORbio

$1.10

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ACB

Aurora Cannabis

$2.72

-0.57 (-17.33%)

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NYT

New York Times

$31.60

0.44 (1.41%)

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New York Times CEO sells 66,000 class A common shares »

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  • 09

    Dec

WEX

Wex

$200.52

4.61 (2.35%)

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Wex director Morris sells 3K shares of common stock »

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CBLI

Cleveland BioLabs

$0.59

-0.0444 (-6.97%)

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Cleveland BioLabs CEO resigns effective December 13th »

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LOGC

LogicBio Therapeutics

$9.29

-0.04 (-0.43%)

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Breaking Syndicate news story on LogicBio Therapeutics »

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HTBI

HomeTrust

$25.99

-0.31 (-1.18%)

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HomeTrust raises quarterly dividend 17% to 7c per share »

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  • 18

    Nov

FR

First Industrial Realty

$42.05

-0.03 (-0.07%)

16:36
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Hot Stocks
First Industrial Realty director sells 12K shares of common stock »

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UBSI

United Bankshares

$39.51

-0.19 (-0.48%)

16:31
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United Bankshares declares Q4 dividend of 35c per share »

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16:30
11/15/19
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Options
Preliminary option volume of 24.0M today »

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Conference/Events
Federal Reserve Bank of San Francisco participates in a discussion »

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GNLN

Greenlane

$3.36

-0.05 (-1.47%)

16:23
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Greenlane CEO buys 56.4K shares of common stock »

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AJG

Arthur J. Gallagher

$91.89

-0.42 (-0.45%)

16:20
11/15/19
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Syndicate
Breaking Syndicate news story on Arthur J. Gallagher »

Arthur J. Gallagher files…

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