Pfizer: Turning The Corner (Rating Upgrade)

Summary:

  • Pfizer’s stock has hit bottom and could see a boost from bird flu fears.
  • Covid-related sales now account for less than 15% of Pfizer’s total revenues, de-risking the investment story.
  • Pfizer is cutting $4 billion in annual costs and has raised its EPS target for the year.
  • The stock only trades at 10x ’25 EPS targets while offering investors a nearly 6% dividend yield.

Pfizer Canada head office in Kirkland, Quebec, Canada.

JHVEPhoto

Pfizer (NYSE:PFE) (NEOE:PFE:CA) hasn’t been a favorite biopharma play due to the unsustainable Covid boost, leading to a period of sales declines. The stock appears to have hit bottom and could get a push higher from


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