Market Overview

UPDATE: JP Morgan Raises PT on Pfizer on Takeaways from Meeting with Management

Share:
Related PFE
JPMorgan: Monsanto Shares Could Hit $180 Over The Next 5 Years
Pfizer Updates CHAMPIX To Add New Safety And Efficacy Data In European Union
Celgene mulling bid for Medivation (Seeking Alpha)

JP Morgan maintained Pfizer (NYSE: PFE) with an Overweight rating and raised the price target from $31.00 to $32.00.

JP Morgan analyst Chris Schott commented, "Overall, we see several interesting assets in Pfizer's pipeline beyond Eliquis and Xeljanz (most notably PD-991) and believe we are beginning to see results from the company's refocused R&D efforts. In addition, we continue to believe that a larger break-up of Pfizer remains a distinct possibility, particularly if the company's core pharmaceutical portfolio is able to generate sustained growth over time."

Pfizer closed at $27.99 on Tuesday.

Latest Ratings for PFE

DateFirmActionFromTo
May 2016BerenbergInitiates Coverage onHold
May 2016Credit SuisseMaintainsOutperform
May 2016Leerink SwannMaintainsMarket Perform

View More Analyst Ratings for PFE
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (PFE)

View Comments and Join the Discussion!