Mizuho Securities Remains Bullish Following Mallinckrodt's (MNK) Solid 2Q Beat

Mallinckrodt's (MNK) Price Target Raised to $102 at Piper Jaffray

May 3, 2016 3:19 PM EDT

Piper Jaffray maintained an Overweight rating on Mallinckrodt plc (NYSE: MNK) and raised its price target to $102.00 (from $97.00).

For an analyst ratings summary and ratings history on Mallinckrodt plc click here. For more ratings news on Mallinckrodt plc click here.

Shares of Mallinckrodt plc closed at $60.71 yesterday.

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Pre-Open Stock Movers 05/03: (FN) (MNK) (YELP) Higher; (ONDK) (CYH) (BETR) Lower (more...)

May 3, 2016 9:29 AM EDT

Today's Pre-Open Movers:

On Deck Capital (NYSE: ONDK) 33.7% LOWER; reported Q1 EPS of ($0.13), $0.06 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $62.6 million versus the consensus estimate of $69.37 million. Multiple downgrades.

Community Health Systems (NYSE: CYH) 12.2% LOWER; reported Q1 EPS of $0.27, $0.47 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $5 billion versus the consensus estimate of... More

Wall St. loses ground on growth fears, oil slide

May 3, 2016 7:33 AM EDT

By Caroline Valetkevitch

(Reuters) - U.S. stocks fell on Tuesday after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares.

Bucking the day's trend, Apple (NASDAQ: AAPL) rose 1.6 percent to $95.18, breaking an eight-session streak of losses.

Activity in China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Britain's manufacturing output also unexpectedly shrank last month to its lowest level in three years.

U.S. oil... More

Mallinckrodt (MNK) Tops Q2 EPS by 29c; Raises Outlook

May 3, 2016 6:38 AM EDT

Mallinckrodt (NYSE: MNK) reported Q2 EPS of $2.01, $0.29 better than the analyst estimate of $1.72. Revenue for the quarter came in at $918 million versus the consensus estimate of $871.47 million.

GUIDANCE:

Mallinckrodt sees FY2016 EPS of $8.15-$8.50, versus prior guidance of $7.85-$8.30 and the... More

Trading Radar for 5/3: CBS (CBS), GrubHub (GRUB), Etsy (ETSY), USANA (USNA), WellCare (WCG) Report

May 2, 2016 2:24 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

ALLETE, Inc. (NYSE: ALE) - consensus EPS $0.94
Allot Communications (Nasdaq: ALLT) - consensus EPS $0.00
AmTrust Financial (Nasdaq: AFSI) - consensus EPS $0.73
America First Multifamily Investors (Nasdaq: ATAX) - consensus EPS $0.08
Armada Hoffler Properties (NYSE: AHH) - consensus EPS $0.22
Arrow Electronics (NYSE:... More