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Citigroup Offers Thoughts On Zoetis Ahead Of Investor Day
Tuesday, November 18, 2014 - 10:11am | 167In a report published Tuesday, Citigroup analyst Liav Abraham reiterated a Buy rating and $49.00 price target on Zoetis (NYSE: ZTS). In the report, Citigroup noted, “Following today's announcement of a pending ACT/AGN deal, coupled with Pershing Square's announcement of an 8.3% stake in the company...
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Citi Raises Price Target On Actavis
Tuesday, November 18, 2014 - 9:44am | 314Citi raised its price target on Actavis plc (NYSE: ACT) from $250 to $310. Analyst Liav Abraham was “confident in management’s ability to successfully integrate” Allergan, Inc. (NYSE: AGN) and believed the “pro-forma entity will benefit from a durable and highly cash...
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UPDATE: Citigroup Initiates Coverage On DBV Technologies As Stock Is Not Fully Appreciated
Monday, November 17, 2014 - 10:57am | 132In a report published Monday, Citigroup analyst Liav Abraham initiated coverage on DBV Technologies (NASDAQ: DBVT) with a Buy rating and $48.00 price target. In the report, Citigroup noted, “The market is not fully appreciating the value of DBV's technology for the treatment of severe allergies, in...
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Analyst: Bill Ackman's Zoetis Move Casts Doubt On Allergan Bid
Wednesday, November 12, 2014 - 5:04pm | 390Allergan, Inc.'s (NYSE: AGN) acquisition by Valeant Pharmaceuticals Intl Inc (NYSE: VRX) is looking less likely, in light of a recent move by activist investor Bill Ackman, an analyst said Wednesday. Ackman made a "concession of defeat" in efforts to engineer an Allergan takeover...
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UPDATE: Citigroup Reiterates On Zoetis Following Pershing Confirmation
Wednesday, November 12, 2014 - 10:03am | 155In a report published Wednesday, Citigroup analyst Liav Abraham reiterated a Buy rating on Zoetis Inc (NYSE: ZTS), and raised the price target from $44.00 to $49.00. In the report, Citigroup noted, “Following its accumulation of a 9.7% stake in AGN earlier this year, activist hedge fund Pershing...
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Activis Shares Languish Post-Forest Deal
Friday, July 25, 2014 - 4:33pm | 243Shares of Actavis plc (NYSE: ACT) are down nearly 2.5 percent in the past month during which it closed a $25 billion acquisition of Forest Laboratories (NYSE: FRX). But Citi's Liav Abraham reiterated a Buy rating on Actavis Friday with a price target of $250 citing the July 2 closing, even...
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Analysts See Allergan Bid Of Over $180, Possibility of 'Hostile' Bid
Tuesday, May 20, 2014 - 4:19pm | 230Bernstein analyst Aaron Gal reported that Valeant Pharmaceuticals International's (NYSE: VRX) offer for Allergan (NYSE: AGN) should be in the $190.00 per share range. Gal reported that Valeant should offer $190.00 per share cash or an option of part of the deal in cash. The analyst added if...
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Citigroup Slaps $70 Price Target on Teva, Highest on Street
Tuesday, April 1, 2014 - 12:57pm | 84On Tuesday, Citigroup raised the price target for Teva Pharmaceuticals (NASDAQ: TEVA) from $60 to $70. Copaxone is a “largely sustainable franchise” for the near-to-medium term, due to a favorable ruling from the U.S. Supreme Court regarding generic drug delay, said analyst Liav Abraham. Shares...
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Teva Offers Most Attractive Risk-Reward Profile, Citigroup Says
Friday, March 28, 2014 - 11:19am | 122Shares of Teva Pharmaceutical Industries (NYSE: TEVA) are trading higher 1.5 percent to $49.86 after Citigroup added the stock to the U.S. focus list and raised the price target to $60 from $56. Analyst Liav Abraham believes the shares offer the “most attractive risk-reward profile amongst...
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UPDATE: Allergan Upgraded by Citigroup on Strong Fundamentals
Tuesday, February 4, 2014 - 12:02pm | 112Tuesday morning rating updates include an upgrade from Citigroup analyst Liav Abraham, boosting Allergen (NYSE: AGN) from Neutral to Buy, with a price rating of $130 from $95. Citigroup is sold on Allergan's long-term growth with strong balance sheet and cash flow to back up their rating change...
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UPDATE: Citigroup Reiterates on Endo Health Solutions on Potential of Paladin Acquisition
Tuesday, November 12, 2013 - 12:34pm | 117In a report published Tuesday, Citigroup analyst Liav Abraham reiterated a Buy rating on Endo Health Solutions (NASDAQ: ENDP), and raised the price target from $43.00 to $70.00. In the report, Citigroup noted, “We view Endo's proposed acquisition of Paladin as a highly strategic, innovative deal...
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UPDATE: Citigroup Initiates Coverage on Actavis PLC as Stock is Firing on All Cylinders
Friday, October 25, 2013 - 10:10am | 125In a report published Friday, Citigroup analyst Liav Abraham initiated coverage on Actavis PLC (NYSE: ACT) with a Buy rating and $172.00 price target. In the report, Citigroup noted, “Initiating with Buy and Target Price of $172. Our favored name amongst the multinational generic companies – We...
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UPDATE: Citigroup Initiates Coverage on Teva Pharmaceutical Industries Ltd. on Attractive Risk-Reward Profile
Friday, October 25, 2013 - 9:41am | 123In a report published Friday, Citigroup analyst Liav Abraham initiated coverage on Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) with a Buy rating and $47.00 price target. In the report, Citigroup noted, “We see the potential for value to be unlocked over the next 12 months as investors look...