This morning, Credit Suisse initiated coverage on shares of Pfizer (NYSE:PFE) with an outperform rating as the company's restructuring efforts will produce long-term value for shareholders. With the outperform rating, Credit Suisse set a $34 price target. Shares of Pfizer were lower this morning, slipping 0.6% so far.
And Mizuho upgraded shares of Cubist Pharmaceuticals (CBST) from neutral to buy as acquisitions will drive growth in the near term. With the upgrade, Mizuho set a $77 price target. Shares of Cubist were flat on Wednesday, trading right around $61.50 per share.
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