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As Price Falls, Vetr Upgrades GlaxoSmithKline To Buy

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The Vetr crowd on Thursday upgraded its rating for GlaxoSmithKline plc (ADR) (NYSE: GSK) from 3 stars (Hold), issued 527 days ago, to 4 stars (Buy). Crowd sentiment at the time of the upgrade was mostly positive, with 80 percent of Vetr user ratings bullish.

Share price in GSK took a pronounced downturn throughout April, in part due to the company's recall of 600,000 defective inhalers that occasionally failed in delivering the correct amount of medication per use.

GSK's stock has fallen more than 2.5 percent since the beginning of the month and was recently trading around $40.80.

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Currently, the Vetr crowd's average target price for GlaxoSmithKline is up at $45.30, which is still just below the average analyst target price of $45.67. Less than 2 percent of Vetr users are holding GSK in their watch lists.

Latest Ratings for GSK

Sep 2016PiperJaffrayInitiates Coverage onOverweight
Sep 2016Exane BNP ParibasDowngradesNeutralUnderperform
Aug 2016Argus ResearchMaintainsBuy

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Posted-In: VetrBiotech Upgrades Health Care Price Target Crowdsourcing Analyst Ratings General


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