More Videos
SPECIAL REPORT
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Longer Lines, Fuller Carts This Black Friday
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- 8 Retailers that Gain During the Holidays
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Global Selloff From Dubai Shows Signs of Winding Down
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Tiger Woods Out of Hospital After Accident
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
PHARMA'S MARKET VIDEO
RSS FEED
Pharma's Market
Text Size 
 |
CNBC.com |
] and a late-day rally in the stock, analysts are providing clients their take on the numbers as the shares traded lower in the early going. Deutsche Bank's Barbara Ryan is keeping her long-standing "Buy" rating on PFE, even though she told me recently she's been "long and wrong" on the stock. In a note to clients this morning, Ryan reiterates her opinion that Pfizer needs to do a big deal. "Some highly bankable revenues must be added," she writes. Nonetheless, Ryan backs up her rating by arguing (the parenthetical comments are mine), "Due to the current high dividend (nearly six percent), and the lack of financial risks to it (Pfizer is loaded with cash), we see limited downside in the shares...."
Bernstein's Tim Anderson is maintaining a "Market Perform" rating on the Dow component. He writes, "On a fundamental basis, PFE continues to look problematic. That said, in the current macroeconomic environment, PFE may represent a comparatively safe-haven and could see at least some share price appreciation."
Catherine Arnold at Credit Suisse has a "Neutral" rating on PFE. She writes, "PFE's outlook remains challenging. We believe that internal development programs are inadequate to remedy the outlook for diminishing future cash flows, and thus future acquisitions remain possible."
Barbara Ryan has repeatedly mentioned Amgen [AMGN
Loading...
()
] as a sensible takeout target for Pfizer. The biotech giant reports its earnings after the closing bell today.
The company essentially pre-announced its earnings per share earlier this month at the JPMorgan Healthcare Conference--so once again keep an eye on the sales of AMGN's embattled anemia drugs Aranesp and Epogen. And watch for commentary on the status of the company's late-stage experimental drug for osteoporosis known as D-mab.
Deutsche Bank and Bernstein make a market in PFE, own at least one percent of the shares and someone on the Bernstein research team is long PFE. Deutsche also wants to bank Pfizer. Credit Suisse has banked PFE and wants to do it again soon.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes