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Fly News Breaks for September 26, 2019
Sep 26, 2019 | 10:15 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HD Supply (HDS) downgraded to Equal Weight from Overweight at Barclays and to Market Perform from Outperform at William Blair. 2. Macerich (MAC) downgraded to Market Perform from Outperform at BMO Capital with analyst Jeremy Metz saying the stock's near-term risk/reward proposition has "skewed lower as potential catalysts dim." 3. Enanta (ENTA) downgraded to Underweight from Neutral at JPMorgan with analyst Eric Joseph saying the EDP-305 results yesterday, while positive and fundamentally de-risking for the compound, fall short of delivering best-in-class status. 4. Timken (TKR) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ross Gilardi saying the company has been "too aggressive" on the M&A front over the past 3-5 years, which poses a risk to its performance in the event of an economic downturn. 5. Northern Trust (NTRS) downgraded to Neutral from Buy at UBS with analyst Brennan Hawken citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For HDS;MAC;ENTA;TKR;NTRS From the Last 2 Days
Nov 24, 2020 | 09:23 EST
RBC Capital analyst Brian Abrahams lowered the firm's price target on Enanta (ENTA) to $45 from $52 and keeps a Sector Perform rating on the shares after its Q4 earnings miss. The analyst also notes that the Hepatitis-C virus royalties from partner AbbVie (ABBV) were generally in line with expectations, and the company's pipeline is "continuing to move along." Abrahams adds that Enanta's "strong" balance sheet should continue to fund its "solid" R&D engine, though he continues to see challenges to the programs that the company is pursuing.
Nov 23, 2020 | 19:06 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to See Story Here
Nov 23, 2020 | 18:06 EST
Evercore ISI analyst Liisa Bayko initiated coverage of Enanta with an Underperform rating and $30 price target.
Nov 23, 2020 | 09:55 EST
Notable gainers among liquid option names this morning include Macerich (MAC) $10.31 +0.77, Macy's (M) $9.66 +0.61, Helmerich & Payne (HP) $21.48 +1.31, Gap (GPS) $25.93 +1.56, and Occidental Petroleum (OXY) $14.35 +0.85.