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ARWR

Arrowhead

$63.48

-4.22 (-6.23%)

, GVA

Granite Construction

$27.99

0.14 (0.50%)

04:55
12/23/19
12/23
04:55
12/23/19
04:55

Arrowhead to replace Granite Construction in S&P 400 at open on 12/23

ARWR

Arrowhead

$63.48

-4.22 (-6.23%)

GVA

Granite Construction

$27.99

0.14 (0.50%)

ARWR Arrowhead
$63.48

-4.22 (-6.23%)

12/08/19
PIPR
12/08/19
NO CHANGE
Target $80
PIPR
Overweight
Arrowhead price target raised to $80 from $72 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff raised his price target for Arrowhead Pharmaceuticals to $80 from $72 and reiterates an Overweight rating on the shares. Arrowhead expects to have three pivotal Phase III trials underway in 2020, and the company has pro forma cash of $554M to advance its wholly-owned TRiM pipeline, Tenthoff tells investors in a research note.
12/11/19
PIPR
12/11/19
NO CHANGE
PIPR
Piper Jaffray reiterates Overweight on Arrowhead after IND filing
Piper Jaffray analyst Edward Tenthoff reiterated an Overweight rating and $80 price target on Arrowhead Pharmaceuticals (ARWR) following the company's submission of an IND for ARO-HIF2, with a Phase Ib dose escalation study in advanced clear cell renal cell carcinoma beginning pending review. The analyst added that Arrowhead also intends to initiate three pivotal Phase III trials in 2020, with the Phase II/III SEQUOIA trial of ARO-AAT to treat alpha-1 antitrypsin deficiency underway, ARO-APOC3 and ARO-ANG3 advancing into two Phase III cardiovascular trials in 2020, and Janssen conducting the Phase IIb REEF-1 combination study with ARO-HBV.
12/12/19
OPCO
12/12/19
INITIATION
OPCO
Perform
Arrowhead initiated with a Perform at Oppenheimer
Oppenheimer analyst Esther Rajavelu initiated coverage of Arrowhead with a Perform rating.
12/12/19
OPCO
12/12/19
INITIATION
OPCO
Perform
Oppenheimer says values Arrowhead shares in $60-$67 range
As reported earlier, Oppenheimer analyst Esther Rajavelu initiated coverage of Arrowhead with a Perform rating, saying she values the shares in a range of $60-$67. Rajavelu said that she believes the company is in the beginning phases of leveraging its platform to diversifty its pipeline and engage in commercial value creation over time. The analyst added that she likes its validated RNAi technology with potential applicability in multiple tissue types, its clinical stage pipeline with optionality to pursue large or orphan indications, and its recently funded balance sheet.
GVA Granite Construction
$27.99

0.14 (0.50%)

08/07/19
GSCO
08/07/19
DOWNGRADE
Target $31
GSCO
Neutral
Granite Construction downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Jerry Revich downgraded Granite Construction to Neutral from Buy and lowered his price target for the shares to $31 from $50. The analyst says his May upgrade to Buy was wrong as Granite's project losses continued on the problem projects into Q2. Following $144M of charges for these projects in Q2, the analyst does not see a path to prior cycle margins for its Large Construction business. Granite's Large Construction project issues raise concerns about its earnings power, contends Revich.
08/08/19
08/08/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Inogen (INGN) downgraded to Hold from Buy at Stifel and to Market Perform from Outperform at SVB Leerink. 2. QEP Resources (QEP) downgraded to Market Perform from Strong Buy at Raymond James, while Oasis Petroleum (OAS) was downgraded to Outperform from Strong Buy. 3. REV Group (REVG) downgraded to Sell from Neutral at Goldman Sachs, while Caterpillar (CAT) and Granite Construction (GVA) were downgraded to Neutral from Buy. 4. PlayAGS (AGS) double downgraded to Underperform from Buy at BofA/Merrill, to Hold from Buy at Union Gaming and Deutsche Bank. 5. 3D Systems (DDD) downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/28/19
DADA
10/28/19
DOWNGRADE
Target $30
DADA
Neutral
Granite Construction downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Brent Thielman downgraded Granite Construction to Neutral from Buy with a price target of $30, down from $45.
10/28/19
10/28/19
DOWNGRADE
Target $30

Neutral
Granite Construction downgraded to Neutral from Buy at DA Davidson
As previously reported, DA Davidson analyst Brent Thielman downgraded Granite Construction to Neutral from Buy with a price target of $30, down from $45. The analyst notes that his prior positive thesis was rooted in expectation of large heavy civil project losses being confined to a few projects, but says the latest quarter showed an expansion in that trend. Thielman adds that while successful claims processes may result in "significant" upside and ease investor concerns, the lack of near-term clarity and the potential for further writedowns give him pause. The analyst states that he is "less optimistic" about near-term share price appreciation for Granite Construction.

TODAY'S FREE FLY STORIES

10:55
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General news
U.S. equities are modestly firmer at fresh record highs »

U.S. equities are…

ERIC

Ericsson

$9.01

-0.075 (-0.83%)

10:55
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Ericsson put volume heavy and directionally bearish »

Bearish flow noted in…

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10:55
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FX Action: USD-JPY »

FX Action: USD-JPY…

JBLU

JetBlue

$19.30

0.28 (1.47%)

10:45
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Options
JetBlue call volume above normal and directionally bullish »

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  • 23

    Jan

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General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

ES

Eversource

$87.74

0.01 (0.01%)

, CMS

CMS Energy

$65.28

-0.1 (-0.15%)

10:32
01/17/20
01/17
10:32
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10:32
Downgrade
Eversource, CMS Energy, NextEra Energy rating change  »

NextEra, CMS Energy,…

ES

Eversource

$87.74

0.01 (0.01%)

CMS

CMS Energy

$65.28

-0.1 (-0.15%)

NEE

NextEra Energy

$251.86

-0.41 (-0.16%)

03/08/13
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  • 22

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    Mar

TWTR

Twitter

$34.14

-0.05 (-0.15%)

, SNAP

Snap

$19.15

0.9 (4.93%)

10:31
01/17/20
01/17
10:31
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10:31
On The Fly
Analysts bullish on Pinterest, Snap as Twitter gets downgraded to Neutral »

Shares of social media…

TWTR

Twitter

$34.14

-0.05 (-0.15%)

SNAP

Snap

$19.15

0.9 (4.93%)

PINS

Pinterest

$23.30

0.34 (1.48%)

FB

Facebook

$221.31

-0.47 (-0.21%)

03/08/13
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    Feb

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

10:30
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01/17
10:30
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10:30
Options
Busy week for 50 Cent as another massive block of calls is bought »

Busy week for 50 Cent as…

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PLAY

Dave & Buster's

$47.28

5.23 (12.44%)

, KKR

KKR

$31.17

0.67 (2.20%)

10:30
01/17/20
01/17
10:30
01/17/20
10:30
Periodicals
KKR not discussing going hostile on Dave & Buster's, Axios reports »

KKR (KKR) has a…

PLAY

Dave & Buster's

$47.28

5.23 (12.44%)

KKR

KKR

$31.17

0.67 (2.20%)

03/08/13
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03/06/13
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03/06/13
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  • 20

    Jan

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    Jan

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    Feb

VWAGY

Volkswagen

$0.00

(0.00%)

10:28
01/17/20
01/17
10:28
01/17/20
10:28
Periodicals
VW set to acquire 20% stake in Chinese battery maker Guoxuan, Reuters reports »

Volkswagen is poised to…

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LIZI

Lizhi

$0.00

(0.00%)

10:26
01/17/20
01/17
10:26
01/17/20
10:26
Syndicate
Lizhi opens at $11.03, IPO priced at $11.00 per share »

Lizhi (LIZI) priced 4.1M…

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  • 17

    Jan

10:25
01/17/20
01/17
10:25
01/17/20
10:25
Conference/Events
Wolfe Research tech strategist to hold an analyst/industry webcast »

Tech Strategist…

10:25
01/17/20
01/17
10:25
01/17/20
10:25
Conference/Events
UBS services analysts to hold an analyst/industry conference call »

Services Analyst Lasser,…

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Conference/Events
Wolfe Research industrials analysts to hold an analyst/industry webcast »

Multi-Idndustry Analyst…

10:25
01/17/20
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Conference/Events
JPMorgan U.S. telecom & semis analysts hold an analyst/industry conference call »

U.S. Telecom &…

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Conference/Events
Cowen Washington policy strategist to hold an analyst/industry conference call »

Washington Policy…

MIDD

Middleby

$111.11

1.51 (1.38%)

, MCD

McDonald's

$212.00

1.14 (0.54%)

10:24
01/17/20
01/17
10:24
01/17/20
10:24
Recommendations
Middleby, McDonald's, Welbilt analyst commentary  »

Middleby equimpment may…

MIDD

Middleby

$111.11

1.51 (1.38%)

MCD

McDonald's

$212.00

1.14 (0.54%)

WBT

Welbilt

$15.39

-0.06 (-0.39%)

03/08/13
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  • 29

    Jan

CMS

CMS Energy

$65.31

-0.07 (-0.11%)

10:24
01/17/20
01/17
10:24
01/17/20
10:24
Downgrade
CMS Energy rating change  »

CMS Energy downgraded to…

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  • 30

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ES

Eversource

$87.64

-0.09 (-0.10%)

10:24
01/17/20
01/17
10:24
01/17/20
10:24
Downgrade
Eversource rating change  »

Eversource downgraded to…

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  • 22

    Jan

NEE

NextEra Energy

$252.14

-0.13 (-0.05%)

10:23
01/17/20
01/17
10:23
01/17/20
10:23
Downgrade
NextEra Energy rating change  »

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  • 24

    Jan

STT

State Street

$85.19

4.185 (5.17%)

10:22
01/17/20
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10:22
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10:22
Hot Stocks
State Street management 'confident in capital position' »

Comment from Q4 earnings…

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  • 17

    Jan

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    Feb

10:20
01/17/20
01/17
10:20
01/17/20
10:20
Conference/Events
Wolfe Research energy analysts to hold an analyst/industry luncheon »

Energy Analysts…

GLD

SPDR Gold Shares

$146.63

0.33 (0.23%)

10:20
01/17/20
01/17
10:20
01/17/20
10:20
Options
Gold ETF call volume surges on March spread »

Gold ETF call volume…

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EOLS

Evolus

$11.43

0.25 (2.24%)

10:19
01/17/20
01/17
10:19
01/17/20
10:19
Recommendations
Evolus analyst commentary  »

Evolus shares offer…

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VEL

Velocity Financial

$0.00

(0.00%)

10:18
01/17/20
01/17
10:18
01/17/20
10:18
Syndicate
Breaking Syndicate news story on Velocity Financial »

Velocity Financial opens…

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  • 17

    Jan

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