Teva PharmaceuticalTEVAHOLDJun 07, 2016Stock price when the opinion was issued
As of Jun 04, 2026. Market Open.
HQ is in Israel. Large-cap pharma. Right now, #1-ranked in his ADR/CDR universe (international stocks with American/Canadian Depositary Receipts). We've seen rotation into drug stocks. Broke out over $21 in September and has kept right on going. Very strong accumulation for about 6 months now. No dividend.
(Analysts’ price target is $34.50)
The stock price is going down, not just because of the recent takeover, but because generic brands are under pressure on pricing, and there are not a lot of new generic products coming out. This company is fine. As a generic, they will always, over time, continue to put out products. He is not a big fan of pharmaceuticals that are in a consolidation phase right now. He would stay away from this, but if you own it continue to hold.