Month: June 2019

Research – Kratos (KTOS) – Price Appreciation Pushes to Market Perform

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Wednesday June 5, 2019

Kratos Defense & Security Solutions (KTOS)

Lowering Rating to Market Perform from Outperform on Price Appreciation

Kratos Defense & Security Solutions, Inc. provides engineering, information technology (IT) services, and warfighter solutions primarily in the United States. It operates in two segments, Kratos Government Solutions (KGS) and Public Safety and Security (PSS).     

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Downgrading to Market Perform.We are lowering our rating to Market Perform from our previous Outperform as KTOS shares have topped our $20.00 12-month price target. We continue to believe in the long run potential of the Company but believe the shares may have gotten ahead of actual operating performance.

Significant Price Appreciation YTD. Since the beginning of the year, KTOS shares have appreciated 63.1%, well in excess of the Russ…

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NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – electroCore (ECOR) – Departing Founder and Chief Science and Strategy Officer

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Wednesday June 5, 2019

electroCore (ECOR)

Continuing Execution of the Redeployment Plan

Electrocore Inc is a commercial-stage bioelectronic medicine company with a platform for non-invasive vagus nerve stimulation therapy initially focused on neurology and rheumatology. Its product gammaCore is FDA-cleared for the acute treatment of pain associated with migraine and episodic cluster headache in adults.  

Ahu Demir, Ph.D., Biotechnology Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

Founder and Chief Science and Strategy Officer departs. electroCore announced another event as part of the redeployment plan that emerged on May 29. Founder Joseph P. Enrico, who served as the Company’s Chief Science and Strategy Officer,  agreed to leave the company, effective as of June 8, 2019. He co-founded the company in 2005 and served in multiple roles including Chief Executive Officer (CEO) prior taking his current role in 2016. He remains as a Board Director and holds 2.2% equity stake in the company.

Chief Medical Officer to take over the strategy role. Management stated plans to continue with the current leadership team. Tony Fiorino, M.D. Ph.D. will continue to serve as Chief…


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*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

News – Tariffs Make a Run for the Border

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Is Trump’s Tough Talk on Mexico Tariffs Just a Publicity Stunt?

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

On May 30, President Trump threatened the imposition of tariffs on Mexican imports to the United States.  President Trump announced that a 5% tariff could take effect June 10.  The tariff would increase to 10% on July 1 and increase by 5% each month until it reaches 25% on October 1, 2019.  Trump, increasingly frustrated with migrants from Central America reaching the U.S. border, wants Mexico to do more to enforce its southern border.  Given the economic stakes for both countries, it is likely that an agreement may be reached between the United States and Mexico before tariffs are imposed.  What are the pros and cons of implementing tariffs on imports from Mexico?