JPMorgan Downgrades GlaxoSmithKline (GSK) to Underweight

August 22, 2012 6:37 AM EDT
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Price: $49.52 -0.96%

Rating Summary:
    6 Buy, 16 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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JPMorgan downgraded GlaxoSmithKline (NYSE: GSK) from Neutral to Underweight, saying 2013 earnings are at risk. The firm cut 2013 EPS by 12% and FY14-FY16 by 6-9%.

For an analyst ratings summary and ratings history on GlaxoSmithKline click here. For more ratings news on GlaxoSmithKline click here.

Shares of GlaxoSmithKline closed at $46.07 yesterday.


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