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DXCM

DexCom

$202.81

-3.35 (-1.63%)

, WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

18:25
11/13/19
11/13
18:25
11/13/19
18:25

DexCom CEO: The type 2 diabetes business is just getting started

In an interview on CNBC's Mad Money, DexCom (DXCM) CEO Kevin Sayer said: We have coverage with many of the major payers... We just inked a deal with Walgreens (WBA)... The integration of healthcare data is the next frontier.

DXCM

DexCom

$202.81

-3.35 (-1.63%)

WBA

Walgreens Boots Alliance

$62.24

-0.48 (-0.77%)

  • 13

    Nov

  • 22

    Nov

DXCM DexCom
$202.81

-3.35 (-1.63%)

11/07/19
JEFF
11/07/19
NO CHANGE
Target $200
JEFF
Buy
DexCom price target raised to $200 from $180 at Jefferies
Jefferies analyst Raj Denhoy raised his price target for DexCom to $200 from $180 saying the company posted another "blowout" quarter as continuous glucose monitoring adoption trends "show no signs of abating." The company's U.S. growth was 53% and outside U.S. growth 39%, Denhoy tells investors in a research note. He keeps a Buy rating on the shares.
11/07/19
BARD
11/07/19
NO CHANGE
Target $240
BARD
Outperform
DexCom price target raised to $240 from $195 at Baird
Baird analyst Jeff Johnson raised his price target on DexCom to $240 from $195 following strong Q3 results. The analyst noted revenues easily beat the Street and management raised guidance which he believes could drive sustainable upward momentum for the stock as Libre concerns have faded, G7's launch is creeping closer, and the power of pharmacy access is increasingly being felt. Johnson reiterated his Outperform rating on DexCom shares.
11/07/19
RAJA
11/07/19
NO CHANGE
Target $189
RAJA
Outperform
DexCom price target raised to $189 from $172 at Raymond James
Raymond James analyst Jayson Bedford raised his price target for DexCom to $189 from $172 following the company's Q3 results. In a research note to investors, Bedford says that while there will always be competitive "noise," Dexcom remains one of the best growth stories in MedTech, supporting his Outperform rating.
11/07/19
11/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Regeneron (REGN) upgraded to Buy from Neutral at Citi with analyst Mohit Bansal saying the Libtayo data in 2020 and continuous Dupixent growth will make it easy to keep owning Regeneron shares through near-term Eylea competition. 2. Match Group (MTCH) upgraded to Buy from Neutral at UBS with analyst Eric Sheridan saying Match shares experience a post-earnings selloff yesterday after already being notably down since August on the back of the Facebook (FB) Dating launch and legal proceedings. 3. Sealed Air (SEE) upgraded to Sector Weight from Underweight at KeyBanc with analyst Adam Josephson saying shares have underperformed the S&P 500 by 1,400 bps since its downgrade on July 14. 4. Elanco (ELAN) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst David Risinger saying the current valuation on the stock discounts investor concerns regarding the impact on its swine products from African Swine Fever and competitive threats, noting that his rating change reflects an opportunity on the stock following the recent pullback in price. 5. DexCom (DXCM) upgraded to Buy from Neutral at Guggenheim. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WBA Walgreens Boots Alliance
$62.24

-0.48 (-0.77%)

11/06/19
SBSH
11/06/19
NO CHANGE
SBSH
Neutral
Walgreens leveraged buyout 'somewhat difficult to envision,' says Citi
The size of a potential deal, structural pressures the business faces, and "years worth of cost reduction and financial engineering" make a leverage buyout of Walgreens Boots Alliance (WBA) "somewhat difficult to envision," Citi analyst Ralph Giacobbe tells investors in a research note. That said, the analyst "wouldn't be totally dismissive" of a potential deal following yesterday's press reports. Based on his analysis, a takeout at ~$75 per share could deliver a low-to-mid teens internal rate of return. However, this would "require a hefty equity check" and underlying assumption of low-single digit EBITDA growth, "which has been hard to come by," says Giacobbe. As such, the analyst sees a lower probability of a leveraged buyout of Walgreens. Some sort of a breakup is "potentially more feasible in a strategic alternative scenario," contends the analyst, who keeps a Neutral rating on Walgreens Boots Alliance.
11/06/19
JEFF
11/06/19
NO CHANGE
Target $55
JEFF
Hold
Jefferies sees 'slim' chance of Walgreens completing leveraged buyout
Jefferies analyst Brian Tanquilut is skeptical about the prospects of Walgreens Boots Alliance completing the largest leveraged buyout in history given the size of the equity check needed to get a deal done and, "more importantly," his concerns about long-term company and retail pharmacy fundamentals. While his analysis suggests Walgreens' "relatively unlevered" balance sheet, "healthy" free cash flow outlook, and large ownership by its CEO make a deal "mathematically feasible," the analyst believes the prospects of such a transaction getting done are "slim." He keeps a Hold rating on Walgreens Boots Alliance with a $55 price target.
11/06/19
COWN
11/06/19
NO CHANGE
Target $60
COWN
Market Perform
Cowen skeptical going private deal gets done for Walgreens Boots Alliance
Cowen analyst Charles Ryhee said the idea of Walgreens Boots Alliance going private makes financial sense but he is skeptical the deal could get done as it would represent the largest LBO ever and would likely require multiple financial sponsors as well as its complexity. Ryhee maintained his Outperform rating and $60 price target on Walgreens Boots Alliance shares.
11/12/19
JPMS
11/12/19
NO CHANGE
JPMS
Neutral
Walgreens Boots could be valued at $75/share in potential LBO, says JPMorgan
JPMorgan analyst Lisa Gill noted yesterday's Bloomberg report that KKR (KKR) has made a formal approach to take Walgreens Boots Alliance (WBA) private, pointing out that neither the existence of a bid nor a potential price have been confirmed by either the company or the PE firm. She believes a potential deal could be valued at up to $75 per Walgreens share, assuming a maximum lease-adjusted leverage ratio immediately post the deal close of 6.5 times. She also assumes private equity owners would require a minimum IRR of 15% over a five-year period and an exit multiple of 10.0 times forward EBITDA after five years, all of which could imply a maximum transaction value of about $85B. Although, if the IRR requirement were higher, then the equity value would need to be lower, added Gill. She has a Neutral rating on Walgreens Boots shares.

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KMDA

Kamada

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CSIQ

Canadian Solar

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ETNB

89bio

$28.38

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SONG

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ECC

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TXN

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$122.36

1.6 (1.32%)

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KALV

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0.25 (1.77%)

, MRK

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