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PRGO

Perrigo

$54.35

0.18 (0.33%)

16:10
10/23/19
10/23
16:10
10/23/19
16:10

Perrigo issues voluntary worldwide recall of ranitidine

As a precautionary measure, Perrigo announced that it has initiated a voluntary, worldwide product recall to the retail customer level of ranitidine (all pack sizes). The recall is being taken due to possible presence of a nitrosamine impurity called N-nitrosodimethylamine. NDMA is classified as a probable human carcinogen (a substance that could cause cancer) based on results from laboratory tests. NDMA is a known environmental contaminant and found in water and foods, including meats, dairy products, and vegetables. Ranitidine is an over-the-counter and prescription product indicated for the relief of heartburn associated with acid indigestion and sour stomach and prevents heartburn associated with acid indigestion and sour stomach brought on by eating or drinking certain foods and beverages. After regulatory bodies announced that ranitidine may potentially contain NDMA, Perrigo promptly began testing of its externally sourced ranitidine API (active pharmaceutical ingredient) and ranitidine-based products. On October 8, 2019, Perrigo halted shipments of the product based upon preliminary results. Based on the totality of data gathered to date, Perrigo has made the decision to conduct this voluntary recall.

  • 06

    Nov

PRGO Perrigo
$54.35

0.18 (0.33%)

09/30/19
WELS
09/30/19
NO CHANGE
Target $52
WELS
Market Perform
Perrigo price target raised to $52 from $45 at Wells Fargo
Wells Fargo analyst David Maris raised his price target for Perrigo to $52 from $45 following quarterly results and after talking with management. The analyst likes the company's progress thus far but the outlook for robust growth is still not dramatically improved even though Perrigo is better focused. Maris reiterates a Market Perform rating on the shares.
10/11/19
ARGS
10/11/19
UPGRADE
ARGS
Buy
Perrigo upgraded to Buy from Hold at Argus
10/11/19
ARGS
10/11/19
UPGRADE
ARGS
Buy
Perrigo upgraded to Buy as business transformation progresses at Argus
Argus analyst Jasper Hellweg upgraded Perrigo to Buy from Hold. In a research note to investors, Hellweg says that given his expectation that the company will begin to show initial results from its consumer-focused transition later in the year, shares appear attractively valued at 13.1-times his 2019 EPS estimate, toward the low end of the company's five-year historical range. The company continues to advance its Project Momentum cost savings program, which is expected to have a positive impact on the company's earnings starting in 2020, and in July management raised its adjusted earnings guidance for 2019, the analyst notes.
10/11/19
10/11/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Workday (WDAY) upgraded to Buy from Neutral at Goldman Sachs with analyst Heather Bellini saying recent partner checks suggest accelerating momentum in the company's cloud based financial migrations. 2. Perrigo (PRGO) upgraded to Buy from Hold at Argus with analyst Jasper Hellweg stating that given his expectation that the company will begin to show initial results from its consumer-focused transition later in the year, shares appear attractively valued at 13.1-times his 2019 EPS estimates. 3. Square (SQ) upgraded to Positive from Neutral at Susquehanna with analyst James Friedman noting the stock's underperformance was due to valuation, decelerating margin expansion and decelerating GPV growth and saying he sees the company's return on margin reinvestment on the horizon. 4. Hexo (HEXO) upgraded to Hold from Underperform at Jefferies with analyst Owen Bennett stating the pressures facing the company are now better understood following its weaker than expected outlook. 5. USA Technologies (USAT) upgraded to Buy from Hold at Lake Street with analyst Jaeson Schmidt saying the company's filing of audited financials earlier this week, while containing a lot of moving parts, is a net positive. 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

BHVN

Biohaven Pharmaceutical

$53.89

1.41 (2.69%)

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BMY

Bristol-Myers

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0.455 (0.81%)

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ENR

Energizer

$49.05

1.33 (2.79%)

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AMZN

Amazon.com

$1,734.99

-10.51 (-0.60%)

, MSFT

Microsoft

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-0.14 (-0.09%)

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Periodicals
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MSFT

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ABCB

Ameris Bancorp

$42.81

-0.4 (-0.93%)

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  • 12

    Dec

BWEN

Broadwind Energy

$1.44

-0.06 (-4.00%)

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Broadwind Energy receives first solar market order »

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ASTC

Astrotech

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-0.06 (-3.83%)

07:18
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Astrotech says 1st Detect sells TRACER 1000s to shipping & logistics company »

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MDGS

Medigus

$1.76

(0.00%)

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Medigus receives $1.2M payment as part of MUSE agreement in China »

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

07:16
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Hot Stocks
Breaking Hot Stocks news story on Destination XL »

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  • 22

    Nov

T

AT&T

$37.59

0.415 (1.12%)

07:15
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Recommendations
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  • 09

    Dec

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  • 29

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

07:15
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Hot Stocks
Destination XL expects FY19 free cash flow to be breakeven »

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  • 22

    Nov

ANIX

Anixa Biosciences

$3.50

-0.11 (-3.05%)

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

07:13
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Earnings
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  • 22

    Nov

DXLG

Destination XL

$1.45

-0.02 (-1.36%)

07:11
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Hot Stocks
Destination XL announces Ujjwal Dhoot as chief digital officer »

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  • 22

    Nov

TREE

LendingTree

$365.30

-5.29 (-1.43%)

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  • 11

    Dec

ENR

Energizer

$49.05

1.33 (2.79%)

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Energizer targets 'top-line growth above category' in FY20-FY22 »

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NVCN

Neovasc

$2.85

-0.05 (-1.72%)

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COP

ConocoPhillips

$60.22

0.85 (1.43%)

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SJM

J.M. Smucker

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-1.15 (-1.09%)

07:08
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  • 22

    Nov

LHCG

LHC Group

$131.10

0.57 (0.44%)

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  • 04

    Dec

  • 05

    Dec

SJM

J.M. Smucker

$104.40

-1.15 (-1.09%)

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Earnings
J.M. Smucker cuts FY20 adj. EPS view to $8.10-$8.30 from $8.35-$8.55 »

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  • 22

    Nov

RMR

RMR Group

$48.26

0.02 (0.04%)

07:06
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Earnings
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  • 22

    Nov

NAVB

Navidea

$0.71

-0.0322 (-4.34%)

07:05
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07:05
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General news
FX Update: The dollar has been trading steady-to-firmer »

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

07:04
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  • 22

    Nov

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