Financial News

Medicines Co. Price Target Boosted by Chardan to $85 From $80, Buy Rating Maintained

Medicines Co. Price Target Boosted by Chardan to $85 From $80, Buy Rating Maintained

August 30, 2017 at 2:10 pm 0 comments

Medicines Co. (MDCO) received a price-target boost Tuesday from Chardan Capital Markets following the biopharmaceutical company’s Monday release with partner Alnylam Pharmaceuticals (ALNY) of an encouraging update on their phase 2 trial of inclisiran in hypercholesterolemia. The new price target from Chardan is $85 per share, up from $80 and well above the stock’s Monday closing price of $37.72. ChardanRead More

Perry Ellis Fiscal Q2 Results Top Estimates

Perry Ellis Fiscal Q2 Results Top Estimates

August 24, 2017 at 10:54 am 0 comments

Perry Ellis International, an apparel company, reported Thursday fiscal Q2 adjusted net profit of $0.16 per share, up from $0.15 per share in the prior year period and came in higher than the $0.11 per share Street estimate provided by Capital IQ. Total revenues for the quarter ended July 29 were $207 million, up from $202 million reported for theRead More

Pacira Pharmaceuticals Upgraded by Janney

Pacira Pharmaceuticals Upgraded by Janney

August 21, 2017 at 11:58 am 0 comments

Pacira Pharmaceuticals received an investment-rating upgrade Monday to neutral from sell from Janney Montgomery Scott as the firm noted a nearly 30% decline in the pharmaceutical company’s stock over the past month has brought it near the firm’s fair-value estimate of $36 each. Janney said its sell rating on the stock had been based on the belief it was “wayRead More

Digital Realty Trust Prices Senior Notes

Digital Realty Trust Prices Senior Notes

August 3, 2017 at 12:03 pm 0 comments

Digital Realty Trust (DLR), a real estate investment trust, has priced an underwritten public offering of $350 million of 2.750% notes due 2023 and $1.0 billion of 3.700% notes due 2027. The notes will be senior unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by the company. The 2023 notes were issued at 99.930% ofRead More

Bond Prices Lower

Bond Prices Lower

July 24, 2017 at 12:37 pm 0 comments

U.S. Treasury prices stalled out Monday following a mix of data with June home sales missing while manufacturing jumped in July while services were flat. The long end has led lower with the 10-year working the high end of the month’s range caught between 2.24% and 2.25% with the curve trade little-changed but leaning flatter. The event risk littering theRead More

Intercontinental Exchange Upgraded by RBC

Intercontinental Exchange Upgraded by RBC

July 13, 2017 at 12:21 pm 0 comments

Intercontinental Exchange received an investment-rating upgrade Thursday from RBC Capital Markets, which said it was becoming more optimistic for the exchange operator’s Q1 derivatives momentum to be sustained. The firm also raised its price target on Intercontinental Exchange’s shares, lifting the target to $70 per share from $65. This moves the target above the stock’s Wednesday closing price of $65.87Read More

Pearson Agrees to Sell 22% Stake in Penguin Random House

Pearson Agrees to Sell 22% Stake in Penguin Random House

July 11, 2017 at 12:15 pm 0 comments

UK education and publishing firm Pearson said on Tuesday that it has agreed to sell a 22% stake in book publisher Penguin Random House to its German joint venture partner Bertelsmann in a transaction that will also recapitalize the business generating proceeds of about $1 billion for Pearson. The deal values Penguin Random House at $3.55 billion in enterprise value,Read More