Here’s Why ENSCO PLC (ESV), Yum! Brands, Inc. (YUM), and Three Other Stocks Are Trending Today

Mylan NV (NASDAQ:MYL), Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), and Endo International plc – Ordinary Shares (NASDAQ:ENDP) are on investors radars after the three stocks fell hard on Thursday following news that U.S. regulators could charge the companies, and others, for suspected price collusion by the end of the year. Shares of all three drug-makers are in the green today after various Wall Street analysts pointed out that the news from the Bloomberg article wasn’t exactly new information given that most of the companies had already disclosed receiving subpoenas. With that said, due to the uncertainty from the government investigation, some analysts are assigning a higher discount rate to their long term valuation models. Due to that change, HSBC downgraded Teva to ‘Hold’ from ‘Buy’ and lowered its rating to $44 from $66.

Of the 749 top funds that we track, the smart money liked Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) the most, with 55 funds reporting stakes as of the end of June. Meanwhile 44 investors were long Mylan NV (NASDAQ:MYL) and 36 funds held shares of  Endo International plc – Ordinary Shares (NASDAQ:ENDP) heading into the third quarter.

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