Seeking Alpha

Teva falls on Goldman downgrade

  • Goldman downgrades Teva Pharmaceutical (TEVA -1.8%) to Sell, price target is $40.
  • The company's focus on pipeline rebuilding has left it "relatively quiet" in an environment "awash with accretive deal activity," analyst Jami Rubin notes.
  • Of course there's also the whole generic Copaxone problem which Rubin says will leave the company "facing fewer options with respect to capital allocation."
  • Previously: Patent invalidation dents TEVA's plan to transition Copaxone patients to longer-acting formulation.
Comments (2)
  • doc47
    , contributor
    Comments (1119) | Send Message
     
    Teva continue to be "Dead money" even covered calls and an average dividend can't generate a decent return in a bull market.
    30 Jul 2013, 09:43 AM Reply Like
  • Nikola Sesic
    , contributor
    Comments (26) | Send Message
     
    Maybe i don't understand a part of this but how can it be downgraded to sell with a price target that's above current market price?
    24 Aug 2013, 02:39 PM Reply Like
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