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Stock Market & Financial Investment News

News Breaks
October 16, 2012
07:34 EDTGILD, BMY, ABTGilead shares should advance on upcoming data, says RBC Capital
RBC Capital believes that data released by Gilead competitors Abbott (ABT) and Bristol-Myers (BMY) doesn't change the outlook for Gilead, as the firm thinks that the latter company still has the best opportunity in HCV. The firm expects Gilead to report good combo data at AASLD, pushing the stock higher. It maintains an Outperform rating on the shares.
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May 21, 2013
16:51 EDTGILDGilead's sofosbuvir gets EMA validation, now under assessment
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08:03 EDTABTAbbott announces CE Mark for coronary drug eluting stent
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07:34 EDTBMYUBS to host a conference
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07:24 EDTBMYGlobal Health Care to host a conference
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May 20, 2013
10:11 EDTABTOn The Fly: Analyst Upgrade Summary
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10:03 EDTBMYShire advances after report renews takeover speculation
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07:34 EDTGILDUBS to host a conference
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06:30 EDTBMYLeerink estimates Shire takeout value at least $110 per share
Leerink says a takeover price for Shire (SHPG) would need to be at least $110 per share in order to get the company's board to consider a sale. The firm notes a Daily Mail report last night said Bristol-Myers (BMY) has engaged advisors to study an acquisition of Shire and that Shire's CEO has contacted bankers to consider anti-takeover measures. Leerink believes a Bristol-Myers takeover of Shire would make sense and keeps an Outperform rating on Shire.
06:25 EDTBMYShire may return cash to thwart takeover, Daily Mail reports
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06:01 EDTABTAbbott upgraded to Buy from Neutral at Goldman
Goldman upgraded Abbott to reflect accelerating growth driven by emerging markets, better growth and product mix, new product launches, and market share gains. Price target raised to $44 from $38.
May 17, 2013
13:21 EDTBMYOptions with increasing implied volatility: CPRT BMY GDI HNZ
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May 16, 2013
16:32 EDTBMYBristol-Myers announces intention to voluntarily delist preferred stock
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13:20 EDTBMYFollow-up: Bristol-Myers upgraded to Outperform from Market Perform at Leerink
Leerink upgraded Bristol-Myers citing the company's multi-billion dollar immuno-oncology prospects. The firm says there were additional responses reported in the press briefing with combination nivolumab and Yervoy. Leerink has a $51 price target for shares.
13:14 EDTBMYBristol-Myers upgraded to Outperform from Market Perform at Leerink
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11:50 EDTGILDCelgene, Gilead lower after new data published at ASCO
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08:55 EDTBMYBofA/Merrill's pharmaceuticals analysts hold analyst/industry conference call
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08:38 EDTBMYBristol-Myers shares likely to give back recent gains, says Leerink
Leerink expects shares of Bristol-Myers to give back recent gains after ASCO published abstracts last night. The firm found the abstracts as in-line with, but not above, its expectations for nivolumab alone or immuno-oncology combination therapy and keeps a Market Perform rating on Bristol-Myers.
05:52 EDTBMYStocks with implied volatility movement; BMY SLV
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May 15, 2013
18:32 EDTGILDGilead announces response data from Phase 2 study of Idelalisib
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11:28 EDTBMYOptions with increasing implied volatility: BMY AGNC EBIX IAU
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