Guess Who Bought Shares of Shering-Plough (SGP) Today?
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Today, Jim Cramer bought shares in Shering-Plough (NYSE: SGP) for his ActionAlertsPlus.com portfolio. He said although Shering trades at a higher multiple than its competitors, SGP has by far the highest-expected earnings growth ahead of it.
To sum up, Cramer said that Shering-Plough represents the best investment in the drug sector. Lastly, he said as the US economy continues to slow, he thinks health care stocks will remain in favor.
Cramer gave Shering-Plough a $35 price target int eh next 12 months.
To sum up, Cramer said that Shering-Plough represents the best investment in the drug sector. Lastly, he said as the US economy continues to slow, he thinks health care stocks will remain in favor.
Cramer gave Shering-Plough a $35 price target int eh next 12 months.
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