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BIIB

Biogen

$281.96

58.39 (26.12%)

09:19
10/23/19
10/23
09:19
10/23/19
09:19

BofA reiterates Underperform rating on Biogen, still sees commercial headwinds

BofA Merrill Lynch analyst Geoff Meacham continues to be cautious on Biogen and reiterates his Underperform rating on the stock given the commercial headwinds he still sees facing the company, though he raised his price target to $235 from $200 given the Alzheimer's disease pipeline optionality following the "stunner" yesterday that the company sees a path to file a BLA with the FDA for aducanumab. Despite the unmet medical need in Alzheimer's, he does not see the FDA as likely to relax approval criteria for "a mixed approval package" and thinks the most logical path is a two-year pivotal study of high-dose aducanumab in a pre, not post, approval setting, Meacham tells investors.

BIIB Biogen
$281.96

58.39 (26.12%)

10/23/19
FBCO
10/23/19
NO CHANGE
Target $260
FBCO
Underperform
Biogen price target raised to $260 from $203 at Credit Suisse
Credit Suisse analyst Evan Seigerman price target raised to $260 from $203 saying that while unanswered questions remain for aducanumab, given a possibility of FDA approval he is adding in risk-adjusted sales. The analyst reiterates an Underperform rating until he has a clear path forward and more clarity on the data. Despite explanations from management, Seigerman remains "confused and surprised" that Biogen now plans to file a BLA for aducanumab in early 2020 based on the same clinical data that resulted in the futility analysis and subsequent discontinuation in March of this year.
10/23/19
ADAM
10/23/19
NO CHANGE
Target $305
ADAM
Hold
Biogen price target raised to $305 from $285 at Canaccord
Canaccord analyst Suman Kulkarni raised his price target on Biogen to $305 from $285 based on a 20% potential approval for its Alzheimer's drug, aducanumab. The analyst has a best-case scenario of a full approval with a price target that could be as high as $457. Kulkarni maintained his Hold rating on Biogen shares.
10/23/19
BMOC
10/23/19
NO CHANGE
Target $297
BMOC
Market Perform
Biogen price target raised to $297 from $250 at BMO Capital
BMO Capital analyst George Farmer raised his price target on Biogen to $297 after its new results from Phase 3 trials supported the potential of aducanumab in the treatment of early Alzheimer's disease. The analyst notes that his new price target reflects the update of his model to include a-mab sales and royalty estimates, but he keeps his Market Perform rating on the stock pending presentation of a-mab Phase 3 results atCTAD in December.
10/23/19
LEER
10/23/19
UPGRADE
Target $350
LEER
Outperform
Biogen upgraded to Outperform at SVB Leerink
As previously reported, SVB Leerink analyst Geoffrey Porges upgraded Biogen to Outperform from Market Perform with a price target of $350, up from $256. The analyst is ambivalent about the prospects for the company's most important product, which is once again aducanumab, but even with relatively conservative assumptions, and a 50% probability of approval, his fair value estimate for the stock easily reaches $350.

TODAY'S FREE FLY STORIES

CVET

Covetrus

$14.93

1.44 (10.67%)

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CMCSK

Comcast

$0.00

(0.00%)

, CMCSA

Comcast

$44.54

-0.93 (-2.05%)

18:02
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Viacom extends cable deal for 'The Office' through 2025 »

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Comcast

$0.00

(0.00%)

CMCSA

Comcast

$44.54

-0.93 (-2.05%)

VIAB

Viacom

$23.07

0.59 (2.62%)

VIA

Viacom

$26.59

1.28 (5.06%)

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CWK

Cushman & Wakefield

$19.10

0.1 (0.53%)

17:48
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Hot Stocks
Cushman & Wakefield CEO sells 84.6K share of common stock »

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LMT

Lockheed Martin

$393.52

3.305 (0.85%)

17:39
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11/15
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Lockheed Martin awarded maximum $3.33B Air Force contract »

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ESCA

Escalade

$10.90

-0.09 (-0.82%)

17:38
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Escalade CEO Fetherman to retire »

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CZR

Caesars

$12.96

0.1 (0.78%)

, ERI

Eldorado Resorts

$52.10

0.93 (1.82%)

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Eldorado, Caesars stockholders approve Eldorado acquisition of Caesars »

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CZR

Caesars

$12.96

0.1 (0.78%)

ERI

Eldorado Resorts

$52.10

0.93 (1.82%)

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  • 15

    Nov

EGRX

Eagle Pharmaceuticals

$57.24

0.55 (0.97%)

17:15
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11/15
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Syndicate
Breaking Syndicate news story on Eagle Pharmaceuticals »

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FN

Fabrinet

$60.82

0.84 (1.40%)

17:11
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Fabrinet President Gill sells 12.9K shares of common stock »

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  • 12

    Dec

TEUM

Pareteum

$0.38

-0.0209 (-5.21%)

17:05
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Hot Stocks
Pareteum receives noncompliance notice from Nasdaq »

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HEXO

Hexo

$1.78

-0.1 (-5.32%)

17:00
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Hexo was cannabis was being grown in unlicensed space at Niagara site »

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AMGN

Amgen

$220.84

2.29 (1.05%)

, CELG

Celgene

$110.02

-0.01 (-0.01%)

16:57
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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%)

03/08/13
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    Apr

RAVE

Rave Restaurant

$1.44

-0.79 (-35.43%)

16:47
11/15/19
11/15
16:47
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Hot Stocks
BBRC Asset Management reports 6.6% passive stake in Rave Restaurant »

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CHAP

Chaparral Energy

$0.89

-0.0521 (-5.52%)

16:46
11/15/19
11/15
16:46
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16:46
Hot Stocks
Chaparral Energy receives continued listing standard notice from NYSE »

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16:45
11/15/19
11/15
16:45
11/15/19
16:45
General news
Breaking General news story  »

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Breaking General news story  »

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CI

Cigna

$196.08

6.41 (3.38%)

, CNC

Centene

$57.57

2.91 (5.32%)

16:41
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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

Nvidia

$204.12

-5.76 (-2.74%)

AMZN

Amazon.com

$1,739.33

-15.38 (-0.88%)

MSFT

Microsoft

$149.95

1.89 (1.28%)

UAA

Under Armour

$17.78

0.65 (3.79%)

UA

Under Armour

$15.97

0.41 (2.64%)

AMRN

Amarin

$23.99

2.5 (11.63%)

JNJ

Johnson & Johnson

$134.97

3.99 (3.05%)

GOOG

Alphabet

$1,334.01

21.82 (1.66%)

GOOGL

Alphabet Class A

$1,333.33

23.54 (1.80%)

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

1.08 (3.66%)

TORC

resTORbio

$1.10

-6.83 (-86.13%)

ACB

Aurora Cannabis

$2.72

-0.57 (-17.33%)

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

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    Dec

  • 06

    Jan

  • 21

    Jan

  • 06

    Feb

NYT

New York Times

$31.60

0.44 (1.41%)

16:41
11/15/19
11/15
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16:41
Hot Stocks
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%)

16:41
11/15/19
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16:41
Hot Stocks
Wex director Morris sells 3K shares of common stock »

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CBLI

Cleveland BioLabs

$0.59

-0.0444 (-6.97%)

16:39
11/15/19
11/15
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16:39
Hot Stocks
Cleveland BioLabs CEO resigns effective December 13th »

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LOGC

LogicBio Therapeutics

$9.29

-0.04 (-0.43%)

16:38
11/15/19
11/15
16:38
11/15/19
16:38
Syndicate
Breaking Syndicate news story on LogicBio Therapeutics »

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HTBI

HomeTrust

$25.99

-0.31 (-1.18%)

16:38
11/15/19
11/15
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16:38
Hot Stocks
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
11/15/19
11/15
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16:36
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
11/15/19
11/15
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16:31
Hot Stocks
United Bankshares declares Q4 dividend of 35c per share »

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

Preliminary option volume…

16:25
11/15/19
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16:25
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16:25
Conference/Events
Federal Reserve Bank of San Francisco participates in a discussion »

San Francisco Federal…

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