(News Bulletin 247) – Jefferies initiates monitoring of Pfizer stock with a ‘hold’ recommendation and a price target of $43.
‘The lack of visibility keeps us on the sidelines,’ laments the analyst. While PFE’s long-term plans are ambitious (PFE bullish scenario: $78), Jefferies remains skeptical of their execution.
“We are at nearly $10 billion in adjusted revenue for 2030 from H1 24 launches versus $20 billion,” Jefferies continues, recalling being “below consensus on COVID revenue (nearly 9- $12 billion versus $13-15 billion)’.
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