Pfizer (PFE) is on the move on analyst upgrades. Goldman Sachs upgraded PFE to a buy rating, with a price target of $60 from $47. Credit Suisse analyst Trung Huynh initiated coverage of Pfizer with an Outperform rating and $55 price target. Pfizer has been ‘impacted adversely’ following its COVID vaccine success, but his Outperform thesis is not predicated on a single asset, but a combination of pipeline advances that support growth,” as noted by TheFly.com. Better, Pfizer announced that its potential revenue from vaccines could jump to a range of $10 billion to $15 billion over the next eight years. PFE last traded at $53.07. We’d like to see it closer to $60 a share, near-term.
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