Teva PharmaceuticalTEVACOMMENTMay 05, 2017Stock 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)
It was announced this was going to be investigated in terms of unfair practices. That was post the loss of the Copaxon drug, which was their branded pharmaceutical. This was followed by a small announcement that Israel was effectively going to do the same thing. He would be more afraid of the US than the Israeli regulators. At this level, it is at fairly attractive level for them to turn it around. The balance sheet is reasonable. A higher risk, so he wouldn’t have them in his portfolios.