- "The impact of tapering by the Fed on income fund investments in pharmaceuticals looks to be less than we had feared," says Jefferies' Jeffrey Holford, upping AstraZeneca (AZN +1%) to a Hold. He notes management recently took steps to boost near-term core EPS and reduce pressure on payout ratios - investors should be reassured of a steady dividend being maintained.
- UBS also gives a boost, initiating the stock with a Buy rating.
- Earlier: Holford upgrades JNJ to a Buy.
- See also: UBS launches coverage on a number of other big pharma names.
From other sites
at Zacks.com (Mar 20, 2015)
at Zacks.com (Mar 19, 2015)
at Zacks.com (Mar 18, 2015)
at Nasdaq.com (Feb 17, 2015)
at Benzinga.com (Feb 5, 2015)
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