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Hospira, Inc. Taxotere Ruling A Positive For Shareholders


Delaware District Court ruling on the Taxotere patents is seen as a meaningful positive for Hospira, Inc. (NYSE: HSP) according to a J.P. Morgan research report.

J.P.Morgan writes, "While we anticipate temporary restraining order/preliminary injunction requests from Sanofi, we believe this ruling could pave the way for Hospira's generic entry in November 2010. Along these lines, we are raising 2011-2013 estimates for the company to account for generic Taxotere ($1.25 bn LTM IMS branded sales) and reiterate our OW rating."

Price Target for HSP is being raised from $62.00 to a $66.00 a share.

HSP shares closed Monday at $57.10.

Posted-In: J.P.MorganAnalyst Color Price Target Analyst Ratings


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