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Published on 10/18/2006 in the Prospect News Biotech Daily.

Pfizer gets outperform from Bear Stearns

Pfizer Inc. was rated at outperform with a $30 price target by Bear Stearns analyst John Boris, who is expecting the company to post third-quarter adjusted earnings per share of $0.45 (-9%), in line with consensus. Lipitor sales are expected to come in at $3.01billion (+4%) and Norvasc sales at $1.12 billion, (-1%), Lyrica sales at $290 million, Celebrex at $498 million (+12%), Viagra at $399 million (+3%) and Zyrtec at $365 million (+8%). Shares of the New York, N.Y., pharmaceutical company were up 38 cents, or 1.37%, at $28.10. (NYSE: PFE)


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