Are Teva Pharmaceutical (NYSE:TEVA) Shares Headed North? BTIG Research Issues Upgrade

Incoming Teva CEO Kaare Schultz

The company reported $0.99 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.06 by ($0.07). The SI to Ultralife Corporation's float is 0.34%. My stop loss would be $0.25 from my entry position fearing anything more than that and the stock would start to fill in the gap up. About 223,395 shares traded. Sharkey Howes & Javer boosted its position in Teva Pharmaceutical Industries Limited by 21.7% in the second quarter.

Teva Chairman Sol Barer said the new chief executive has everything that the firm was looking for in a new leader: Global pharmaceutical experience, a restructuring background and knowledge of generic and specialty medicines. First City Capital Management Inc acquired 14,635 shares as Teva Pharmaceutical Inds (TEVA)'s stock declined 15.11%. The Minneapolis Portfolio Management Group Llc holds 596,624 shares with $21.63 million value, up from 513,859 last quarter. Tt International sold 748,351 shares as Teva Pharmaceutical Inds Ltd (TEVA)'s stock declined 15.11%. Bronfman E.L. Rothschild L.P. now owns 3,617 shares of the company's stock worth $116,000 after acquiring an additional 261 shares during the period. Former head Mr. Vigodman received $5.3 million in salary and equity shares past year, company filings show. Credit Suisse Group restated a "buy" rating and issued a $39.00 price objective on shares of Teva Pharmaceutical Industries Limited in a report on Wednesday, May 17th. It has underperformed by 58.40% the S&P500.The move comes after 5 months positive chart setup for the $18.94B company. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover TEVA having a buy-equivalent rating.

However, the analyst further underlines the pressure that Schulz will face from generics and debt, noting: "Shultz will be entering the company at a turbulent time, given: (1) continued pricing pressure in U.S. generics; (2) TEVA's meaningful debt and inability to de-lever in a timely manner; and (3) high likelihood of Copaxone 40mg generics in 2018". The firm earned "Outperform" rating on Wednesday, April 5 by Cowen & Co. The original version of this piece can be accessed at Finally, ValuEngine lowered shares of Teva Pharmaceutical Industries Limited from a buy rating to a hold rating in a research report on Friday, June 2nd. The rating was reinitiated by JP Morgan on Monday, August 3 with "Overweight". Cantor Fitzgerald reissued a "neutral" rating and set a $27.00 price target (down from $31.00) on shares of Teva Pharmaceutical Industries Limited in a research note on Wednesday, August 9th.

Among 7 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 1 Hold. The firm has "Outperform" rating given on Friday, February 19 by Wells Fargo.

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(NYSE:TEVA) shares saw heavy trading volume with 97,952K shares changing hands on Tuesday. The rating was downgraded by Deutsche Bank to "Hold" on Tuesday, October 11.

Inca Investments Llc increased Credicorp Ltd (BAP) stake by 3.57% reported in 2016Q4 SEC filing. Moreover, State Of New Jersey Common Pension Fund D has 0.12% invested in Wayfair Inc (NYSE:W). Its the same as in 2016Q3. As of quarter end Next Financial Group, Inc had bought a total of 6,350 shares growing its stake by 150.3%. Rhumbline Advisers accumulated 1.20 million shares. (NYSE:PPG). Allianz Asset Ag owns 89,384 shares. Leavell Investment Management reported 2,564 shares. Moreover, Ubs Asset Mngmt Americas has 0% invested in Landstar System, Inc. (NASDAQ:ULBI). Geode Mngmt Ltd Liability Co invested in 65,480 shares. Rmsincerbeaux Capital Llc holds 0.81% or 12,900 shares. The Delaware-based Blackrock Advsr Limited Com has invested 0% in Ultralife Corp. During the same quarter past year, the firm posted $1.25 earnings per share. (NYSE:PPG). Parametric Portfolio Associate Limited owns 597,309 shares.

Since January 1, 0001, it had 1 insider purchase, and 1 sale for $11,921 activity.

Want to see what other hedge funds are holding TEVA? The insider Robert W. Shaw bought $13,100.

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