Keywords: Stock forecasts, Morgan Stanley, AstraZeneca, Sanofi-Avetnis, Hire, Intuniv, ADHD
Morgan Stanley analysts review drug stocks, upgrading AstraZeneca
Article | 22 January 2010
Analysts at stockbroker Morgan Stanley have recently changed their recommendations on a number of pharmaceutical stocks, following a major report on the sector. In their latest note to clients, dated January 20, they state:
Still significant value in Pharma - we see material upside to ROIC [return on invested capital], earnings and multiples as Pharma withdraws from most internal small-molecule research and reallocates capital to in-licensing and other non-pharma assets. Enjoying this article? To continue reading you need to login, take a FREE trial or subscribe.
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