Here are the biggest calls on Wall Street on Thursday
William Blair downgraded Biogen because the Aducanumab trials were being discontinued due to an interim futility analysis determining the trials were unlikely to meet the primary endpoints.
Citi is staying positive on Apple and expects the company to raise its dividend and increase its buyback authorization. Goldman Sachs upgraded Qorvo due to its smartphone stabilization, growing 5G infrastructure business, and margin expansion at a compelling valuation. Goldman Sachs sees significant upside potential to the stock and says Arista is one of the highest EPS growth profiles in its coverage.
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Biogen is crashing after scrapping its late-stage Alzheimer's drug trialsBiogen shares crashed more than 25% in pre-market trading after discontinuing two late-stage Alzheimer's drug trials with Eisai.
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Biogen shares plunge more than 25% after ending trial for Alzheimer's drug Aducanumab
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Biogen's stock plummets after phase 3 trial of Alzheimer's treatment discontinuedShares of Biogen Inc. plummeted 26% toward a near 3-year low in premarket trade Thursday, after the biotechnology company and Japan's Eisai Co. Ltd. said...
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Stocks making the biggest moves premarket: Biogen, Boeing, Walmart, Apple, Clorox & moreSome of the names on the move ahead of the open.
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