BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Analyst downgrades: CHK, CVC, KNOT and WWY]]>http://www.bloggingstocks.com/2007/08/09/analyst-downgrades-chk-cvc-knot-and-wwy/http://www.bloggingstocks.com/2007/08/09/analyst-downgrades-chk-cvc-knot-and-wwy/http://www.bloggingstocks.com/2007/08/09/analyst-downgrades-chk-cvc-knot-and-wwy/#commentsFiled under: , , , ,

MOST NOTEWORTHY: Knot Inc (KNOT), Cablevision (CVC), Chesapeake Energy Corp (CHK), Green Mountain Coffee (GMCR) and Intermec (IN) were today's noteworthy downgrades:
  • Merriman downgraded shares of Knot Inc (NASDAQ: KNOT) to Neutral from Buy following the company's mixed outlook to reflect poor visibility.
  • Cablevision (NYSE: CVC) was downgraded to Market Perform from Outperform at Wachovia following its disappointing Q2 report and guidance. The firm does not expect a higher Dolan bid.
  • Wachovia also downgraded shares of Chesapeake Energy Corp (NYSE: CHK) to Market Perform from Outperform. The firm said management expects an equity offering in the next 6-9 months, which is in contrast to recent comments regarding capital discipline and funding plans.
  • Green Mountain Coffee (NASDAQ: GMRC) was downgraded to Market Perform from Outperform at Piper Jaffray on valuation and tough year/year comparisons.
  • Bear Stearns downgraded Intermec (NYSE: IN) to Underperform from Peer Perform on valuation.

OTHER DOWNGRADES:
  • JMP Securities lowered Kenexa (NASDAQ: KNXA) to Market Perform from Outperform.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades: CHK, CVC, KNOT and WWY originally appeared on BloggingStocks on Thu, 09 Aug 2007 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystcablevisionchesapeakechkcvcdeltadowngradedptrgmrcgreen mountainGreenMountaininintermeckenexaknotknxanovonvoratingwrigleywwyThu, 09 Aug 2007 10:50:00 EST<![CDATA[Novo Nordisk drug data a 'positive surprise']]>http://www.bloggingstocks.com/2007/06/21/novo-nordisk-drug-data-a-positive-surprise/http://www.bloggingstocks.com/2007/06/21/novo-nordisk-drug-data-a-positive-surprise/http://www.bloggingstocks.com/2007/06/21/novo-nordisk-drug-data-a-positive-surprise/#commentsFiled under: , ,

A press release [PDF] out this morning confirmed positive Phase III results of Novo Nordisk's (NYSE: NVO) potential blockbuster drug, Liraglutide, which is an analogue of the naturally-occurring hormone GLP-1 in development by Novo for the treatment of type 2 diabetes. The clinical results of the first of five late-stage studies showed that Liraglutide provided significantly better glucose control and led to significantly more weight loss than patients who used Sanofi-Aventis SA's (NYSE: SNY) Lantus.

Novo CEO Lars Rebien Sorensen said the company is looking to apply for regulatory approval of the drug in the U.S. and Europe in the middle of next year, and hopes to receive approval by mid-2009.

This data is excellent news for Novo, who has been trying to gain market share against competitors for some time in the attractive U.S. diabetes market. Unfortunately, the data is also a negative for rivals Amylin Pharmaceuticals Inc (NASDAQ: AMLN), Eli Lilly and Company (NYSE: LLY) and Pfizer Inc (NYSE: PFE), who all have diabetes drugs on the market - Byetta and the inhalable insulin Exubera, respectively.

Shares of Novo were up nearly 4.5% this morning on the Liraglutide data, which some analysts called "a positive surprise."

Novo Nordisk drug data a 'positive surprise' originally appeared on BloggingStocks on Thu, 21 Jun 2007 12:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AMLNAmylinAmylin PharmaceuticalsAmylinPharmaceuticalsblockbuster drugBlockbusterDrugByettaDiabetesEli LillyEliLillyExuberaLantusLiraglutideLLYNovoNovo NordiskNovoNordiskNVOPFEPfizerpositive clinical dataPositiveClinicalDataSanofiSanofi-AventisSNYThu, 21 Jun 2007 12:10:00 EST