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3 Analysts Dissect Teva's Q4 Results
Thursday, February 13, 2020 - 2:31pm | 576Teva Pharmaceutical Industries Ltd (NYSE: TEVA) reported fourth-quarter sales and revenues that slightly exceeded estimates but issued a guarded outlook for 2020. The Teva Analysts BofA Securities analyst Jason Gerberry reiterated an Underperform rating on Teva and raised the price target from $8...
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New York Opioid Case A Significant Risk For Pharma Stocks, Says Bearish BofA
Monday, February 10, 2020 - 3:43pm | 599It appears more and more likely a case against opioid manufacturers and distributors will proceed to trial in New York state, keeping Bank of America bearish on the companies despite recent performance. The recent denial of a motion to delay the case — which the state brought against the...
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Bausch Analyst Sees Challenging Setup For Next Leg Of Recovery Story
Monday, November 4, 2019 - 11:44am | 384Bausch Health Companies Inc (NYSE: BHC) reported Monday ahead of the market open with better-than-expected third-quarter revenue and higher non-GAAP earnings. The company also raised its fiscal year 2019 guidance. The Analyst Bank of America Merrill Lynch analyst Jason Gerberry reiterated an...
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Nabriva Analysts Bullish After FDA OKs Antibiotic; BofA Sees $200M Sales Potential
Tuesday, August 20, 2019 - 12:42pm | 475The FDA approved Nabriva Therapeutics PLC – ADR (NASDAQ: NBRV)'s lead antibiotic asset, Xenleta, on Monday for the treatment of community-acquired bacterial infections. The Analysts Bank of America Merrill Lynch analyst Jason Gerberry reiterated a Buy rating on...
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Bank Of America Hikes Pfizer Price Target, Estimates Citing Orphan Drug Catalysts
Monday, April 1, 2019 - 1:03pm | 378Large-cap pharma stocks have seen a mixed performance in year to date, and among this group, Pfizer Inc. (NYSE: PFE) is poised to benefit from some key second-half catalysts, according to an analyst at Bank of America Merrill Lynch. The Analyst Jason Gerberry reiterated a Buy rating on Pfizer and...
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Analysts Cut AbbVie Price Targets After Earnings Miss
Monday, January 28, 2019 - 11:59am | 504AbbVie Inc (NYSE: ABBV) dropped Friday after falling short of fourth-quarter earnings estimates. A $1.90 bottom line missed a $1.93 estimate, and sales of $8.305 billion underperformed forecasts of $8.37 billion. The Analysts Morgan Stanley analyst David Risinger maintained an Equal-weight rating...
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Bank Of America Takes Neutral Stance On Cara Therapeutics Ahead Of Phase 3 Korsuva Results
Tuesday, January 15, 2019 - 12:10pm | 401Cara Therapeutics Inc (NASDAQ: CARA) got some love from Wall Street on Tuesday, with one analyst projecting significant upside for the stock based the outlook for its leading drug candidate. The Analyst Bank of America Merrill Lynch analyst Jason Gerberry initiated coverage of Cara with a Neutral...
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Pfizer Slips Despite Mostly Positive Tafamidis Data; 4 Pharma Stocks Make Sympathy Moves
Monday, August 27, 2018 - 2:59pm | 689Multiple pharma stocks are making sympathy moves Monday in reaction to data released at the 2018 European Society of Cardiology Congress in Munich, Germany. Pfizer Inc. (NYSE: PFE) shares are trading down after the release of tafamidis data at the conference. Anylam Pharmaceuticals, Inc...
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Analysts Call Verrica A Buy For Vast Molluscum Opportunity
Tuesday, July 10, 2018 - 4:23pm | 446Investors who bought into Verrica Pharmaceuticals Inc (NASDAQ: VRCA) at its June 15 IPO are celebrating 13.1-percent returns. The gains should continue, in the view of two new sell-side bulls. The Ratings Bank of America Merrill Lynch analyst Jason Gerberry initiated coverage of Verrica with a Buy...
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Jazz Pharma Investors: Did You Catch This Favorable Ruling?
Wednesday, April 13, 2016 - 11:51am | 652Shares of Jazz Pharmaceuticals plc - Ordinary Shares (NASDAQ: JAZZ) surged as much as 9 percent after the company got a favorable ruling for its Xyrem patent. "PTAB ruling declining to institute 18 claims in the '306 Xyrem (dosing adjustment) patent further validates our thesis that...
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3 Mega Biotechs Leerink Loves
Monday, February 29, 2016 - 2:25pm | 357Leerink has released three new reports on some Outperform-rated big-name biotech stocks that the firm’s analysts like in coming months. Here’s a look at what the analysts had to say. Gilead Sciences, Inc. (NASDAQ: GILD) Analyst Geoffrey Porges has a positive view toward the stock,...
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Don't Worry Spec. Pharma Investors, Drug Pricing Legislation Probably Won't Affect You
Monday, October 5, 2015 - 3:06pm | 502After speaking with industry insiders and legal experts, Leerink believes that the selloff in pharmaceutical stocks is overdone. Experts see “near zero odds” that Hillary Clinton’s drug pricing plan will become law without significant changes. Leerink believes that the most...
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The Wall Street Research Making Waves Today
Friday, July 31, 2015 - 12:22pm | 1376The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." JPMorgan: Downgrading Linn Energy Gabriel Daoud of JPMorgan downgraded shares of both Linn Energy LLC (NASDAQ: LINE) and LinnCo LLC (NASDAQ:...