Morgan Stanley Reiterates Equal-Weight Rating on Hospira
In a report published Monday, Morgan Stanley reiterated its Equal-Weight rating on Hospira (NYSE: HSP).
Morgan Stanley noted, “November IMS sales were $118 MM, down 4% Y/Y and down 2% MoM vs. down 6% Y/Y and up 2% MoM in October suggesting stability in US SIP. Core business weekly average sales were +4.6% M/M versus +1.1% in October consistent with some progress in 4Q. However, stock performance remains more tied to 1H13 Rocky Mount re-inspection and device remediation progress.”
Hospira closed on Friday at $30.69.
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