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Stock Market & Financial Investment News

News Breaks
March 13, 2014
08:01 EDTDEPODepomed price target raised to $18 from $11 at JMP Securities
JMP Securities increased its price target on Depomed after the company provided 2014 guidance that the firm views as strong. The firm reiterates an Outperform rating on the stock.
News For DEPO From The Last 14 Days
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January 20, 2015
09:18 EDTDEPOJohnson & Johnson CEO says core businesses 'strong'
Johnson & Johnson (JNJ) providing sustainable, high quality healthcare "one of society's greatest challenges." Says core businesses "strong," positioned to continue expanding their leadership positions. CEO Alex Gorsky says company is changing the way it interacts with customers, evolving to be more "effective," "efficient." Says U.S. OTC consent decree requirements completed. Says in the process of developing a China lung center. Says still plans to take $1B out of P&L in next three years. Says aims to bring Ebola vaccine to market "as fast as possible." Says "well-positioned" for long-term. Says currency headwinds have increased "quite substantially," negatively impacting sales, earnings to greater extent than company had anticipated. Sees Depomed (DEPO) transaction closing in Q2. Expects R&D tax credit will be renewed in 2015. If R&D tax credit is approved, sees effective tax rate for 2015 of approx. 20%-21%. Sees operational sales growth for 2015 approx. 6%. Says Wall Street forecasts may not adequately reflect likely negative impact in 2015 of foreign exchange. Sees FY15 operational sales growth 1%-2% in constant currency. Comments made on the Q4 earnings conference call.
January 16, 2015
16:29 EDTDEPOOn The Fly: Closing Wrap
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12:43 EDTDEPOOn The Fly: Midday Wrap
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09:12 EDTDEPOOn The Fly: Pre-market Movers
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09:09 EDTDEPODepomed acquisition 'compelling,' says JMP Securities
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08:58 EDTDEPORoth Capital says Depomed now leading pain company, ups to Buy
Roth Capital upgraded Depomed (DEPO) to Buy from Neutral saying the Nucynta transaction transforms the company into a "leading pain company now with critical mass." Roth raised its price target for shares to $25. Depomed last night announced that it acquired the U.S. rights to the Nucyntafranchise for $1.05B from Johnson & Johnson's (JNJ) Jansen unit. Depomed is trading up 9% in pre-market trading to $19.19.
07:49 EDTDEPODepomed upgraded to Buy from Neutral at Roth Capital
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January 15, 2015
18:28 EDTDEPOOn The Fly: After Hours Movers
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16:08 EDTDEPOJ&J unit sells U.S. Nucynta license rights to Depomed for $1.05B
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16:08 EDTDEPODepomed to acquire U.S. rights to NUCYNTA franchise for $1.05B from Jansen
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16:05 EDTDEPODepomed to acquire U.S. rights to NUCYNTA franchise for $1.05B from Jansen
16:01 EDTDEPODepomed trading halted, pending news

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