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GLPG

Galapagos

$211.33

2.14 (1.02%)

07:37
12/17/19
12/17
07:37
12/17/19
07:37

Morgan Stanley downgrades Galapagos to Equal Weight, raises price target to $215

Morgan Stanley analyst Matthew Harrison downgraded Galapagos to Equal Weight from Overweight with a price target of $215, up from $193. He still views the company as a "key biotech with significant pipeline optionality bolstered by strong downside protection from its large cash position," but Harrison notes that the stock has risen 45% recently despite any major fundamental updates. The short-term valuation has moved ahead of fundamental value, said Harrison, who needs to see more pipeline data to justify a significantly further raise in his price target.

  • 21

    Feb

GLPG Galapagos
$211.33

2.14 (1.02%)

11/15/19
RBCM
11/15/19
NO CHANGE
Target $158
RBCM
Sector Perform
Galapagos price target raised to $158 from $152 at RBC Capital
RBC Capital analyst Brian Abrahams raised his price target on Galapagos (GLPG) to $158 after the company's R&D day, where the management revealed its "expansive plans for bringing new discovery techniques, treatment modalities, preclinical assets, and targeted indications online" by using the cash from its recent Gilead (GILD) deal. While these "aspirations" will take time to mature, the analyst says the plans are "impressive". Abrahams still keeps his Sector Perform rating on Galapagos shares, noting that its nearer term positives of filgotinib commercialization in RA and potential expansion into IB look priced in.
12/02/19
BOFA
12/02/19
INITIATION
Target $199
BOFA
Neutral
Galapagos initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Jason Gerberry initiated coverage of Galapagos with a Neutral rating and $199 price target. The analyst is positive on the company's lead filgotinib asset targeting rheumatoid arthritis and expects the drug to gain FDA approval next year, but he also sees "limited catalysts" over the near term.
12/13/19
FBCO
12/13/19
DOWNGRADE
Target $169
FBCO
Neutral
Galapagos downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse analyst Evan Seigerman downgraded Galapagos to Neutral from Outperform with a price target of EUR 169, down from EUR 174. The analyst is "somewhat concerned" about the company's large cash balance and believes it will have to generate above market returns for the shares to outperform. He also sees potential headwinds for the upcoming launch of filgotinib.
12/17/19
MSCO
12/17/19
DOWNGRADE
MSCO
Equal Weight
Galapagos downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Matthew Harrison downgraded Galapagos to Equal Weight from Overweight.

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IMVT

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TBLT

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MYO

Myomo

$0.32

0.0062 (1.98%)

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SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

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SRNE

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AKER

Akers Biosciences

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ECA

Encana

$4.09

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  • 29

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MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

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GPS

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APLS

Apellis

$40.43

0.03 (0.07%)

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$NSD

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$NYE

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LGC

Legacy Acquisition Corp

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GNUS

Genius Brands

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BBY

Best Buy

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