Canaccord Genuity on Life Sciences/Specialty Pharma: Top Summer Catalyst-Driven Ideas To Trump 'Macro' Influence
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Rating Summary:
8 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 2 | New: 2
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Canaccord Genuity on Life Sciences/Specialty Pharma: Top Summer Catalyst-Driven Ideas To Trump 'Macro' Influence
Analyst, Randall Stanicky, said, "Broader market sentiment is clearly challenging, which was apparent in investor meetings we held in four different cities over the last week. We expect uncertainty linked to a host of issues including health reform (within the next week), macro/EU challenges (unlikely to fade), summer lull and November election to continue to impact volumes and stocks. That said, we do see opportunity for single-stock performance in catalyst-driven names where events will outweigh macro over the next three months. There are several stocks with major events but our top two catalyst-driven names are Teva Pharma (Nasdaq: TEVA) and Impax (Nasdaq: IPXL) (both BUY). BUY-rated Warner Chilcott (Nasdaq: WCRX) brings potential for upside given its ongoing review of strategic alternatives on admittedly low visibility but with little priced in given the recent pull-back."
TEVA (BUY, $52 PT) - Copaxone trial decision imminent and the most important catalyst
IPXL (BUY, $29 PT) – Top small cap idea with three catalysts set to come near-term
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Analyst, Randall Stanicky, said, "Broader market sentiment is clearly challenging, which was apparent in investor meetings we held in four different cities over the last week. We expect uncertainty linked to a host of issues including health reform (within the next week), macro/EU challenges (unlikely to fade), summer lull and November election to continue to impact volumes and stocks. That said, we do see opportunity for single-stock performance in catalyst-driven names where events will outweigh macro over the next three months. There are several stocks with major events but our top two catalyst-driven names are Teva Pharma (Nasdaq: TEVA) and Impax (Nasdaq: IPXL) (both BUY). BUY-rated Warner Chilcott (Nasdaq: WCRX) brings potential for upside given its ongoing review of strategic alternatives on admittedly low visibility but with little priced in given the recent pull-back."
TEVA (BUY, $52 PT) - Copaxone trial decision imminent and the most important catalyst
IPXL (BUY, $29 PT) – Top small cap idea with three catalysts set to come near-term
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