Market Overview

UPDATE: BMO Capital Markets Raises PT to $30 on Pfizer Ahead of Q4 Results

Share:
Related PFE
UBS Says Pfizer Has 'Underappreciated' Oncology Portfolio After ASCO
S&P 500 Index Futures Trading Sharply Higher
Halozyme Stock Hits New High On AbbVie Collaboration (Investor's Business Daily)

BMO Capital Markets reiterated its Outperform rating on Pfizer (NYSE: PFE) and raised the price target from $29.00 to $30.00.

BMO Capital Markets said, "the market has looked beyond Pfizer's relatively weak 3Q12 results and the stock is up about 10% following 4Q12 catalysts: e.g. Tofa FDA approval and phase-3 data at ACR, FDA Eliquis approval. Unlike 3Q12, the y/y fx swing (favorable to unfavorable) should have considerably less impact in 4Q12. Overall, we believe that Pfizer will meet or exceed 4Q12 estimates. Focus will likely be on the company's 2013 guidance and the impact of the upcoming Zoetis IPO (February 1, 2013) for about 20% of the Animal Health business."

Pfizer closed at $27.00 on Friday.

Latest Ratings for PFE

DateFirmActionFromTo
Apr 2015Deutsche BankMaintainsBuy
Apr 2015JP MorganMaintainsOverweight
Mar 2015JefferiesMaintainsBuy

View More Analyst Ratings for PFE
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (PFE)

Around the Web, We're Loving...