Teva PharmaceuticalTEVAWATCHDec 06, 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)
All the generic drug makers are acting the same. He believes ETF’s are controlling this space, and is very interested in this group. Prefers Endo International (ENDP-T). We’re getting close to year-end, but the Justice Department is going to come out and say whether they are going to charge 3 of the generic drug companies for any wrongdoing. If they are not going to do anything with these 3, look for substantial rallies.