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News Breaks | | | | January 3, 2013 | | 10:00 EDT |  | MDVN, FUR, AEGR, RPTP, SWKS, STAG, IDRA, AKAM, QSII, GWAY, WGP, LLNW, CERN | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Akamai (AKAM) initiated with a Neutral at Macquarie... Cerner (CERN) initiated with an Overweight at JPMorgan... Greenway Medical (GWAY) initiated with an Overweight at JPMorgan... Idera Pharmaceuticals (IDRA) initiated with an Overweight at Piper Jaffray... Limelight Networks (LLNW) initiated with a Neutral at Macquarie... Quality Systems (QSII) initiated with an Underweight at JPMorgan... STAG Industrial (STAG) initiated with a Market Perform at Wells Fargo... Western Gas Equity (WGP) initiated with a Buy at Citigroup... Winthrop Realty (FUR) initiated with a Market Perform at JMP Securities... Skyworks (SWKS) initiated with a Buy at Longbow... Aegerion (AEGR) initiated with a Buy at Janney Capital... Medivation (MDVN) initiated with a Buy at Janney Capital... Raptor Pharmaceuticals (RPTP) initiated with a Buy at Janney Capital. | |
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News For AKAM;CERN;GWAY;IDRA;LLNW;QSII;STAG;WGP;FUR;SWKS;AEGR;MDVN;RPTP From The Last 14 Days Check below for free stories on AKAM;CERN;GWAY;IDRA;LLNW;QSII;STAG;WGP;FUR;SWKS;AEGR;MDVN;RPTP the last two weeks. |
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| June 18, 2013 | | 07:42 EDT |  | AKAM | O'Reilly Media to hold a conference
 Subscribe for More Information | | | 07:34 EDT |  | MDVN | Medivation pullback a buying opportunity, says JPMorgan
Subscribe for More Information | | | June 17, 2013 | | 16:20 EDT |  | MDVN | On The Fly: Closing Wrap
Stocks on Wall Street were higher following a session dominated by speculation over what is next for the Federal Reserve. The averages trimmed their gains after an article by the Financial Times suggested the Fed would signal a tapering of its pace of asset purchases at its Wednesday press conference. The upward trend resumed after the article's author said the report was based on opinion and that, "The Fed does not leak anything to any journalist to steer markets - especially during blackout." ECONOMIC EVENTS: In the U.S., the New York Fed Empire State Survey for June came in at 7.40, versus expectations for a 0 reading. The NAHB housing market confidence index for June rose to 52, versus the forecast for a more modest climb to 45 from its prior 44 reading. In Europe, Germany's Bundesbank said economic indicators for April pointed to robust growth in the second quarter and business sentiment improved in May, though warned of signs that growth in Europe's largest economy would slow over the summer. COMPANY NEWS: Netflix (NFLX) and DreamWorks (DWA) both climbed after announcing a major content deal. Under the agreement, DreamWorks will provide over 300 hours of content to Netflix, which the TV and movie service expects to start broadcasting next year. After the announcement, Netflix rose $15.24, or 7.12%, to $229.23, while DreamWorks added 93c, or 4.08%, to $23.74. MAJOR MOVERS: Among the notable gainers was Kandi Technologies (KNDI), up $1.53, or 24.4%, to $7.80 after saying it will deploy 5K-10K pure electric vehicles in China within the first year of launch. Also higher were shares of ViroPharma (VPHM), up $1.71, or 6.3%, to $28.87 after Reuters said the company has attracted takeover interest, though the company is not pursuing a sale. Among the noteworthy losers was Terex (TEX), down $2.45, or 7.72%, to $29.29 after the company lowered it fiscal year earnings view. Also lower was Medivation (MDVN), down $3.45, or 6.78%, to $47.41 after Johnson & Johnson (JNJ) acquired the company's competitor, privately held Aragon Pharmaceuticals. INDICES: The Dow was up 109.67, or 0.73%, to 15,179.85; the Nasdaq was up 28.57, or 0.83%, to 3,452.13; and the S&P 500 was up 12.31, or 0.76%, to 1,639.04. | | | 12:29 EDT | | MDVN | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:28 EDT |  | MDVN | Medivation retreats after J&J beefs up prostate cancer slate
Subscribe for More Information | | | 12:08 EDT | | MDVN | J&J deal not negative for Medivation, says Citigroup
Subscribe for More Information | | | 11:37 EDT | | MDVN | Medivation weakness a buying opportunity, says Wedbush
Subscribe for More Information | | | June 13, 2013 | | 12:03 EDT | | RPTP | Raptor Pharmaceuticals management to meet with Leerink
Subscribe for More Information | | | June 12, 2013 | | 17:02 EDT | | FUR | Winthrop Realty sells Deer Valley, Arizona, property for $20.5M
Subscribe for More Information | | | 12:12 EDT | | SWKS | Synaptics slides after firm warns of Galaxy S4 production cut
Shares of Synaptics (SYNA), which develops touch products for smartphones, are declining after research firm Maxim Group wrote that the company would be hurt by Samsung's (SSNLF) decision to produce many fewer Galaxy S4 devices. WHAT'S NEW: Samsung has started reducing its shipments of Galaxy S 4 smartphones in response to weak sales of the device, Maxim Group wrote in a note to investors. The Korean company is likely to reduce production of the device by 20%-25%, the firm added. Synaptics has the most exposure to the Galaxy S4 of all the companies that Maxim covers, the analyst wrote. TODAY'S PRICE ACTION: In early afternoon trading, Synaptics fell $1, or 2.6%, to $37.75. OTHERS TO WATCH: Other companies with exposure to Samsung devices include Broadcom (BRCM), Maxim Integrated (MXIM), Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), Skyworks (SWKS), ARM Holdings (ARMH), Qualcomm (QCOM), and TriQuint (TQNT). | | | | 10:14 EDT | | GWAY, QSII, CERN | On the Fly: Initiation Summary
AMRI (AMRI) coverage resumed with a Buy at Sterne Agee… AMRI (AMRI) re-initiated with a Buy at Sterne Agee… Allscripts (MDRX) re-initiated with a Buy at Sterne Agee… Amkor Technology (AMKR) initiated with a Buy at Sidoti… Astec (ASTE) initiated with a Hold at Stifel… Bob Evans (BOBE) initiated with an Outperform at Oppenheimer… Calumet Specialty Products (CLMT) initiated with an Outperform at Credit Suisse… Cerner (CERN) re-initiated with a Neutral at Sterne Agee… Charles River Labs (CRL) re-initiated with a Buy at Sterne Agee… Covance (CVD) re-initiated with a Buy at Sterne Agee… First Republic Bank (FRC) initiated with an Overweight at Barclays… Greenway Medical (GWAY) re-initiated with an Underperform at Sterne Agee… Gulfport Energy (GPOR) re-initiated with an Outperform at Credit Suisse… ICON plc (ICLR) re-initiated with a Neutral at Sterne Agee… Manitowoc (MTW) initiated with a Buy at Stifel… PAREXEL (PRXL) re-initiated with a Neutral at Sterne Agee… Pacific Drilling (PACD) initiated with an Outperform at Credit Suisse… Perrigo (PRGO) initiated with an Overweight at Morgan Stanley… Quality Systems (QSII) re-initiated with a Neutral at Sterne Agee… Quintiles (Q) initiated with an Underperform at Sterne Agee… Reliance Steel (RS) initiated with a Hold at Topeka… SVB Financial (SIVB) initiated with an Equal Weight at Barclays… Terex (TEX) initiated with a Buy at Stifel… Texas Roadhouse (TXRH) initiated with a Buy at BofA/Merrill… Whiting Petroleum (WLL) initiated with an In-Line at Imperial Capital… athenahealth (ATHN) re-initiated with a Neutral at Sterne Agee. | | | 09:04 EDT | | GWAY | Greenway Medical shares overvalued, says Sterne Agee
Sterne Agee does not believe that Greenway will be able to convince enterprise-size physician practices to use the company's technologies and services. The firm keeps an Underperform rating on the stock. | | | 08:06 EDT | | SWKS | Skyworks to partner with SMC on wireless solutions for connected home
Skyworks Solutions announced that it is partnering with SMC Networks to develop wireless connectivity solutions for security, monitoring and automation applications in the emerging connected home market. | | | 07:20 EDT | | AEGR | Aegerion price target raised to $88 from $69 at JPMorgan
Subscribe for More Information | | | 06:48 EDT | | GWAY | Greenway Medical re-initiated with an Underperform at Sterne Agee
Subscribe for More Information | | | 06:48 EDT | | CERN | Cerner re-initiated with a Neutral at Sterne Agee
Subscribe for More Information | | | 06:47 EDT | | QSII | Quality Systems re-initiated with a Neutral at Sterne Agee
Subscribe for More Information | | | June 11, 2013 | | 09:13 EDT | | SWKS | Some component makers to be hurt by lower Galaxy S 4 outlook, says Pacific Crest
After speaking with Samsung (SSNLF) and conducting checks, Pacific Crest believes that expectations for Galaxy S 4 sales in Q3 are too high. As a result, the firm reduced its price target on Broadcom (BRCM) to $41 from $44, and on Maxim Integrated (MXIM) to $34 from $37. The firm also lowered its estimates for Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), and Skyworks (SWKS). The firm keeps Outperform ratings on Broadcom, Maxim, and Peregrine, and Sector Perform ratings on Skyworks, Audience, and RF Micro. | | | 07:42 EDT | | AEGR | Boston Biotech Conferences to host a conference
Subscribe for More Information | | | June 7, 2013 | | 09:32 EDT | | AEGR | Aegerion price target raised to $100 from $58 at BofA/Merrill
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