Loading...
Loading...
Citigroup has released its Pfizer, Inc.
PFE core product trends for the week ending 10/15/2010. Lipitor, Lyrica, Chantix and AriceptXR are among the drugs featured in the report.
“We arrive at our $17 target price for Pfizer based on a relative P/E compared to the US Drug peer group,” Citigroup writes. “Given that Pfizer's current growth and risk profile is very different from years past, we currently view this historical premium as generous and believe a meaningful discount to the drug industry P/E is more appropriate.”
Citigroup went on to say that it rates Pfizer shares High Risk given the “continued deterioration of its base business in the US, negative US cash flow position and modest uncertainty of the announced acquisition being successfully completed in time due to any reason.”
Pfizer closed Monday at $17.62.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in