The sector "has been driven by income investors [and] Q2 earnings look tough in this context,"...

|By:, SA News Editor

The sector "has been driven by income investors [and] Q2 earnings look tough in this context," Jefferies says, in a note on Big Pharma. Analyst Jeffrey Holford likes Novartis (NVS -0.1%), Sanofi (SNY -1.2%), Roche (RHHBY.OB +0.4%), Abbott (ABT -0.1%), AbbVie (ABBV +1.5%), and Bayer (BAYZF.PK +2.3%), and takes a more cautious approach on Bristol-Myers (BMY -0.8%) and Pfizer (PFE -0.7%).