UBS raised the firm’s price target on Teva (TEVA) to $30 from $28 and keeps a Buy rating on the shares. Teva, one of the firm’s top picks for 2025, is a de-risked story from a fundamental perspective with an accelerating brand transition, the analyst tells investors in a research note. The firm expects Teva to announce the sale of the Active Pharmaceutical Ingredients unit with Q4 results next week, and is now modeling Austedo 2027 sales at $2.4B, with Uzedy 2030 sales at $529M.
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- Teva price target raised to $30 from $23 at Piper Sandler
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- Teva enters pact with Klinge Biopharma, Formycon to commercialize FYB203
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