Credit Suisse analyst Vamil Divan upgraded earlier today Teva Pharmaceutical (TEVA) to Neutral from Underperform and raised his price target for the shares to $20.
Following a Goldman Sachs upgrade to Buy and a Morgan Stanley upgrade to Equal Weight, the stock in morning trading is up 7%, or $1.29, to $18.59.
The analyst expects investor sentiment to improve as new CEO Kare Schultz executes on his turnaround plan. Divan finds the announced restructuring plan, as well as Schultz’s prior track record at Lundbeck, encouraging.
Related Posts
Housing Starts And Permits Rise First Time In Four Months: Analyzing The 2nd Quarter GDP Effect
Most Active Equity Options And Strikes For Midday – Thursday, Oct. 4
Brexit: House prices in 2020 – the top 5 areas to watch
Construction Spending Jumps 1.5% On Strength In Highway Spending- What Is Wrong With The European Banks?
Empire Manufacturing Eases Again; Here Are The Particulars
Leave A Comment