Pfizer (PFE) PT Lowered to $36 at JPMorgan
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Get Alerts PFE Hot Sheet
Rating Summary:
14 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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JPMorgan analyst Chris Schott lowered the price target on Pfizer (NYSE: PFE) to $36.00 (from $37.00) while maintaining a Neutral rating.
The analyst comments "We see a clear inflection in growth for Pfizer after the Lyrica patent expiration in 2019 with a reacceleration of the company’s organic top- and bottom-line growth in the 2020-2025 period (top-line growth of ~5% expected to be above Major Pharma). However, we remain Neutral with valuation reflecting visible near-term growth and another major patent cycle post-2025."
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