News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Teva (TEVA) Has Really Bottomed Out This Time



2/16/2017 6:42:45 AM

  Life Sciences Jobs  
  • Newest Jobs - Last 24 Hours
  • California Jobs
  • Massachusetts Jobs
  • New Jersey Jobs
  • Maryland Jobs
  • Washington Jobs
  View More Jobs
After capping the fiscal 2016 year with a strong quarter, investors may put an end to worries in holding shares of Teva Pharmaceuticals (NYSE:TEVA). Management's confidence that insurance companies will not push generic versions of Copaxone should also give support for Teva's current dividend rate. Chances are good that the stock bottomed at around $32 a share. Solid fourth quarter revenue growth of 33% and a non-GAAP EPS forecast of $4.90 - $5.30 a share are not the only reasons this stock bottomed.

Read at Seeking Alpha


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES