Market Overview

GlaxoSmithKline (GSK) Shares Rise With Upgrade

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Shares of GlaxoSmithKline PLC (NYSE: GSK) were up more than 1% in morning trading after the company was upgraded by JP Morgan (NYSE: JPM) from Underweight to Neutral with a price target of $26.

The pharmaceutical company is adding 200 employees to its field force and is introducing several new products, some of them patent protected, over the next year to year and a half.

GlaxoSmithKline's 52 week range is $27.15 to $43.47.

 

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