Why Teva Pharmaceutical Is Soaring 13.5% Today
After providing investors with the details of its latest cost-savings plan, including a massive workforce reduction, Teva Pharmaceutical (NYSE: TEVA) shares are rallying 13.5% as of 1 p.m. EST Thursday.
It's been a brutal year for the world's biggest generic drugmaker. Shares have suffered significantly due to declining sales and profit due to lower generic drug prices, new competition for its best-selling drug, Copaxone, and higher interest expenses associated with its $40 billion acquisition of Allergan's (NYSE: AGN) generic drug business.
Image source: Getty Images.
Source: Fool.com
Teva Pharmaceutical Industries Ltd ADR Stock
€15.20
-1.620%
We see a rather positive sentiment for Teva Pharmaceutical Industries Ltd ADR with 13 Buy predictions and 1 Sell predictions.
As a result the target price of 18 € shows a slightly positive potential of 18.42% compared to the current price of 15.2 € for Teva Pharmaceutical Industries Ltd ADR.
