Evercore ISI

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) stock surged to 12.50 percent to $109.80 in Tuesday's afternoon trading session, following its new 20-year deal announcement to cut prices for Walgreens Boots Alliance Inc (NASDAQ: WBA). The drug deal comes six weeks after the company had cut ties with...

Shares of FireEye Inc (NASDAQ: FEYE) spiked higher by more than 4 percent Tuesday morning. Ken Talanian of Evercore ISI initiated coverage of FireEye with a Buy rating and $39 price target. Talanian noted the company is a cyber security leader and concerns over increased competition are...

Twitter Inc (NYSE: TWTR) shares have lost 31 percent in the last six months, even after hitting a high of $36.54 on July 28. Evercore ISI’s Ken Sena maintained a Hold rating on the company, while reducing the price target from $25 to $22. The company is losing ground to competitors...

Evercore ISI has downloaded mall REITs ahead of what it predicts will be a weak holiday retail season. Although the firm believes that the lackluster retail performance will have relatively little impact on FFO for mall REITs, Evercore sees major headline risk ahead. The firm remains bullish on...

Evercore ISI’s recent hedge fund survey indicated that funds have their lowest net-long exposure to stocks in two years. Net-long exposure to stocks peaked in September of 2014. Analyst James Walsh said that funds’ net exposure has been a good contrary indicator of stock market...

AMC Networks, Inc. (NASDAQ: AMCX) has seen a 14.37 percent increase in its share price year-to-date. David Joyce of Evercore ISI has upgraded the company to Buy, while maintaining the price target at $90. Joyce believes that AMC Networks is “one of the best advertising growth...

Democratic presidential frontrunner Hillary Clinton has sent biotech stocks plummeting this week after announcing the creation of a new plan to fight drug price gouging. Evercore ISI believes that there is a very slim chance the plan will ever become law. Political analyst Terry Haines...

Hillary Clinton tweeted that "price gouging" in the specialty drug market is "outrageous." Terry Haines of Evercore ISI commented in a note that there is "almost no chance" of a president legislating drug pricing regulation. An appeal by Democratic candidate to "control" or "gauge" drug pricing...

Mylan NV (NASDAQ: MYL) shares have slipped 13 percent this year, while Perrigo Company plc Ordinary Shares (NYSE: PRGO) shares have gained 8 percent. In an expected move, Mylan offered a combined cash and stock offer of $186.895 for Perrigo, which included $75 in cash and 2.3 Mylan shares...

Shares of Yahoo! Inc. (NASDAQ: YHOO) were trading lower by nearly 2 percent heading into Wednesday's regular trading session after the company announced on Tuesday that the IRS has decided not to grant a private letter ruling regarding the proposed tax-free spin of Alibaba Group Holding Ltd (NYSE:...

Morgan Stanley (NYSE: MS) shares have plummeted 13 percent in the past one month, while Goldman Sachs Group Inc (NYSE: GS) shares have lost 9 percent. Evercore ISI’s Glenn Schorr upgraded the ratings on both the companies from Hold to Buy. Schorr said that the valuations of both the...

The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Bank Of America: Downgrading Vishay To Underperform Ruplu Bhattacharya of Bank of America downgraded shares of Vishay Intertechnology (NYSE: VSH)...

In a report published Wednesday, Evercore analyst Matt McGinley upgraded the rating on J C Penney Company Inc (NYSE: JCP) from Sell to Hold, following the recent pullback, the stock offers a more balanced risk/reward profile. "While the challenges in recovering sales, margin, and FCF...