What To Know About UBS's Upgrade of Teva Pharmaceutical Indus

UBS upgraded its rating of Teva Pharmaceutical Indus TEVA to Buy with a price target of $13.00, changing its price target from $11.00 to $13.00.

Shares of Teva Pharmaceutical Indus are trading up 2.62% over the last 24 hours, at $9.80 per share.

A move to $13.00 would account for a 32.65% increase from the current share price.

About Teva Pharmaceutical Indus

Teva Pharmaceutical, based in Israel, is the leading generic drug manufacturer in the world. Teva derives half of its sales from North America and makes up a high-single-digit percentage of the total number of generic prescriptions in the U.S. It also has a significant presence in Europe, Japan, Russia, and Israel. Besides generics, Teva has a portfolio of innovative medicines and biosimilars in three main therapeutic areas: central nervous system with Copaxone, Ajovy and Austedo; respiratory with Qvar and ProAir; and oncology with Truxima, Herzuma, and Bendeka/Treanda. Teva also sells active pharmaceutical ingredients, offers contract manufacturing services, and owns Anda, a U.S.-based generic and specialty drug distributor.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.