UBS Maintains a 'Buy' on Watson Pharmaceuticals (WPI); Bullish on Acquisition Announcement
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Price: $85.73 --0%
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
14 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade WPI Now!
UBS maintains a 'Buy' on Watson Pharmaceuticals (NYSE: WPI) price target raised from $71 to $80.
Analyst, Marc Goodman, said, "The pros of the deal include diversification, synergies, lower tax rate, capabilities in injectables, semi-solids, liquids, and biosimilars (insulin), low cost manuf. and CRO, and 3rd party EU dossier dev. The Actavis biz. is better than we thought. It appears $8.00 is the base case and, while we are only taking our estimate there for 2013, we could see it move north of $8.25. For 2014 we had pointed to $8.66. Now we are moving to $9.00, but we wouldn’t be surprised if 2012 end up > $9.50."
For an analyst ratings summary and ratings history on Watson Pharmaceuticals click here. For more ratings news on Watson Pharmaceuticals click here.
Shares of Watson Pharmaceuticals closed at $69.69 yesterday, with a 52 week range of $55.00-$73.35.
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Analyst, Marc Goodman, said, "The pros of the deal include diversification, synergies, lower tax rate, capabilities in injectables, semi-solids, liquids, and biosimilars (insulin), low cost manuf. and CRO, and 3rd party EU dossier dev. The Actavis biz. is better than we thought. It appears $8.00 is the base case and, while we are only taking our estimate there for 2013, we could see it move north of $8.25. For 2014 we had pointed to $8.66. Now we are moving to $9.00, but we wouldn’t be surprised if 2012 end up > $9.50."
For an analyst ratings summary and ratings history on Watson Pharmaceuticals click here. For more ratings news on Watson Pharmaceuticals click here.
Shares of Watson Pharmaceuticals closed at $69.69 yesterday, with a 52 week range of $55.00-$73.35.
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