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Hold Pfizer; target of Rs 4480: ICICI Direct

ICICI Direct recommended hold rating on Pfizer with a target price of Rs 4480 in its research report dated August 06, 2022.

August 08, 2022 / 21:51 IST
     
     
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    ICICI Direct's research report on Pfizer

    Pfizer collectively addresses 15 therapy areas in the domestic formulations with a portfolio of over 150 products that include therapeutics & vaccines. The company has been continuously restructuring its portfolio in the last few years to improve the productivity of its core brands. Fourth largest multinational pharma company in India with manufacturing facility in Goa with a run rate of 3.36 billion tablets per annum • Top Therapies: VMN, anti-infective, cardiac, gastro and respiratory; Top Brands: Prevenar 13, Becosules, Corex-Dx, Dolonex and Mucaine.

    Outlook

    Maintain HOLD as we keep watch on growth tempo in brands and implications of the VRS scheme for field force. Valued at Rs 4480 i.e. 30x P/E on FY24E EPS of Rs 149.3.

    For all recommendations report, click here

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    Pfizer - 080822 - ic

    Broker Research
    first published: Aug 8, 2022 09:51 pm

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