Sotagliflozin's side effects and competitor data lead to a near $10 cut.
Key themes from the Barclays Global Financial Services Conference include continued efforts to improve operating efficiency and increasing capital returns to shareholders.
The letter the drugmaker sent to prescribers about Ocaliva didn't include any new information, yet it fed market fears about the drug's commercial potential.
The narrow-moat company is considering strategic alternatives for a collection of upstream businesses representing the best of its energy segment.
We continue to expect $1.2 billion in annual cost-saving synergies versus management's $3 billion target.
While the move allows the integrated firm to efficiently monetize midstream assets while largely retaining control, it also represents a fraction of the company’s value.
Even with enhanced scale, the company (and the industry as a whole) is still at the mercy of the commodity markets.
Kare Schultz's familiarity in branded drug markets lead the firm to take on more product development risk longer-term, with purchases of earlier-stage products and more dramatic asset sales.
Because of the limited presence of national primary carriers in the homeowners market in Florida, the biggest industry impact of large privately insured losses could be in reinsurance.
The overpriced company is not the only fintech firm targeting the lending space, and the banking industry is already extremely competitive.
The wide-moat company is prudently reducing complexity in its operations and appropriately refocusing its brand investments to better align with evolving consumer trends, efforts that will take time to yield material gains.
Although the cyber intelligence business drove results this past quarter, we think the customer engagement business remains the stronger segment, and remains the backbone of our narrow moat rating.
The wide-moat firm's competitive positioning is as strong as ever as its best-of-breed platform continues to drive improved efficiency for insurance companies.
Refocusing on the core business with more relevant inventory has put RH in better position to match supply and demand of product ahead.
HPE Next should help the no-moat company better address numerous secular headwinds, such as cloud migration and hardware commoditization.
The exchange is acquiring eVestment, a data and analytics platform for institutional investors.
After acquiring narrow-moat Rockwell Collins, wide-moat United Technologies will increasingly trade like an aerospace stock and generate roughly 60% of its 2019 revenue from aerospace and defense.
August auto sales improved versus July.
Improved performance in stores and online should persist this year as the company continues to benefit from website enhancements and new product introductions.
We expect the bank to repair its tarnished reputation given enough time, and the stock remains attractive relative to our fair value estimate--especially with a current dividend yield around 3%.
We don't expect the trend to abate anytime soon for this wide-moat packaged-food maker.
Mark Okerstrom (currently CFO) will become the company's next CEO, replacing Dara Khosrowshahi, who is leaving to head Uber.
Vornado Realty is set to benefit from the Hudson Yards project with 6.5 million square feet of office space and half a million square feet of retail property just east of the incoming development.
Out of the path of the hurricane, HollyFrontier stands to benefit from the strengthening of product margins and the widening of the WTI/Brent spread due to refinery outages on the Gulf Coast.
Rockwell is one of the few attractive targets that could move United Technologies' $57 billion revenue needle.
We plan to ratchet up our $44 fair value estimate, and see shares as modestly overvalued today.
Although the estimates of total losses remain in flux, we don’t expect any material changes to our fair value estimates for property-casualty insurers.
The firm’s competitive positioning is eroding, leading us to cut our fair value estimate and stewardship ratings.
Her commentary threw cold water on any ideas for a return to the laissez-faire approach of the early 2000s.
The narrow-moat company faces a competitive onslaught in difficult categories, but it retains clout that constitutes a sustainable advantage.
The mid-priced jewelry player is poised to weather the current industry headwinds better than its smaller peers.
Product, marketing, and supply chain changes are hitting their mark and will continue to drive future top-line growth.
The narrow-moat retailer should see incremental market share gains ahead.
The secular headwinds facing both of HP’s core businesses (personal systems and printing) will ultimately prevent material growth over the next several years.
The wide-moat company continues to make headway on several initiatives, including investment in industry-specific products and growing its international business.
Labor changes continue to pressure operating margins at the wide-moat retailer more than management had anticipated.
We expect the next CEO to keep the focus on dividend growth while restricting capital to high-return base reinvestment, Permian growth, and only select international major capital projects.
The price paid is reasonable, but not a steal.
The market has been growing frustrated with the narrow-moat company’s financial results and stock performance since its merger with Tyco in September 2016.
The richly-priced deal would've been dilutive to Berkshire Hathaway Energy's earnings in the near-term -- though the firm should receive its $270 million negotiated breakup fee.
The second quarter was the third consecutive quarter of comparable sales growth, but the no-moat retailer is not out of the woods yet.
We view the wide-moat firm as a beneficiary of the several green shoots that have been spurred in the agricultural market as worldwide economic growth continues.
We plan to raise the wide-moat online operator's $148 fair value estimate by 10%-15%.
We plan to raise our $82 fair value estimate by $1 to incorporate faster-than-anticipated digital growth.
We think the narrow-moat firm's transition to software is going well, but suggest a wider margin of safety before investing.
We're leaving our fair value estimate unchanged, but full-year results will provide a better picture of how the company is faring.
We view the firm's shares as fairly valued today.
The wide-moat retailer saw a solid quarter with same-store sales growth of 6.3%.
Most of the changes to the firm's stock holdings were as expected, but the sale out of GE was somewhat surprising.
We think investors should wait before purchasing shares of this narrow-moat firm.