Month: December 2015

Minerva Neurosciences, Inc . NERV announced that the FDA has accepted its Investigational New Drug (IND) application for pipeline candidate MIN-101. Minerva is developing MIN-101, a first-in-class 5-HT2a and sigma2 antagonist, for the treatment of schizophrenia […]

On Dec 30, Zacks Investment Research downgraded the oilfield services provider Halliburton Company HAL to a Zacks Rank #4 (Sell). Why the Downgrade? The oil market has been over supplied, especially in the face of lackluster global demand. […]

With the sale of its stake in natural gas distribution unit, Petroleo Brasileiro S.A. or Petrobras PBR has ultimately reached its 2015 asset sale goal of $700 million. […]

For quite some time now, pessimism has been looming large over Qualcomm Inc. ’s QCOM licensing business in China. However, after an extensive tussle with regulators and domestic smartphone companies, things have been looking up for Qualcomm in China […]

Sarepta Therapeutics, Inc. SRPT has an important regulatory event coming up next month (Jan 22, 2016) with the FDA’s Peripheral and Central Nervous System Drugs Advisory Committee expected to review the company’s new drug application (NDA) for its lead pipeline candidate, eteplirsen. […]

One of the major operators in the water and wastewater space, Aqua America Inc. WTR announced that its units in Virginia and Pennsylvania have further expanded their operations by completing acquisitions in their respective states. […]

Ligand Pharmaceuticals Incorporated LGND was upgraded by Zacks Investment Research to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold). Why the Upgrade? […]

Mylan MYL has launched its generic version of Pfizer Inc.’s PFE Zyvox (linezolid) 600 mg in the U.S. The drug is indicated for adults and children for the treatment of certain infections caused by susceptible Gram-positive bacteria. As per data from IMS Health, in the U.S., Zyvox generated revenues of approximately $457.8 million for the 12 months ending Sep 30, 2015. […]

We have issued an updated research report on Plum Creek Timber Co. Inc. […]

On Dec 29, 2015, we issued an updated research report on Stone Energy Corporation SGY , the Louisiana-based independent oil and gas explorer. Stone Energy holds an opportune place in the industry with widespread high-yielding inventory. […]

On Dec 30, we issued an updated research report on Radian Group Inc. RDN . The insurer’s earnings in the last reported quarter missed the Zacks Consensus Estimate and also declined year over year due to a higher expense level […]

On Dec 29, 2015, we issued an updated research report on Aflac Inc. AFL . Aflac boasts a strong brand name and solid business model that continue to support earnings improvement faster than the other life and health insurers […]

On Dec 29, 2015, we issued an updated research report on premium technology company MKS Instruments, Inc. MKSI . The company provides instruments, subsystems and process-control solutions to measure, control, power, monitor and analyze parameters of manufacturing processes. […]

Premium provider of personal computer and tablet accessories, Logitech International SA LOGI , announced that its Lifesize division has split from the parent company to form a new private firm called Lifesize, Inc. In particular, Logitech has sold 62.5% stake in Lifesize to three venture capital firms, namely, Redpoint Ventures, Sutter Hill Ventures and Meritech Capital Partners, for a total worth of $17.5 million. […]

Global provider of technology products and solutions Pitney Bowes Inc. PBI recently released a report, highlighting the factors which are likely to act as catalysts for commercial growth in 2016. Based on this assessment, the company believes that sourcing investments into Internet of Things (“IoT”), machine learning and data analytics will allow it to maximize profitability […]

Talmer Bancorp, Inc. TLMR recently announced the early termination of its loss-sharing agreements as well as a warrant agreement with the Federal Deposit Insurance Corporation (“FDIC”). Notably, the company anticipates incurring a one-time charge of $13.9 million or 20 cents per diluted average share during the fourth quarter of 2015 […]

HSBC Holdings plc HSBC has been reportedly served with a subpoena from Elliott Management and Aurelius Capital Management, LP, two U.S.-based hedged funds seeking information about the bank’s involvement in recent debt-raising efforts by Argentina. The news was first reported by Bloomberg. However, Laura Powers, a HSBC spokesperson, stated that the company will not comment “on open or pending legal matters." Elliot and Aurelius have been engaged in a prolonged legal battle with the country over the latter’s multi-billion bond payment default in 2001. […]

Shares of Essex Property Trust, Inc. ESS scaled a new 52-week high of $244.71 on Dec 29, before closing trade at a marginally lower price of $244.29. This reflects a solid year-to-date return of over 20% for this residential real estate investment trust (REIT). […]