Issuer Ratings, Recognitions, Positive Clinical Results, and Quarterly Dividends - Research Report on Pfizer, UnitedHealth, Merck, Gilead, and Bristol-Myers Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, September 20, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Pfizer Inc. (NYSE: PFE), UnitedHealth Group Inc. (NYSE: UNH), Merck & Co., Inc. (NYSE: MRK), Gilead Sciences, Inc. (NASDAQ: GILD), and Bristol-Myers Squibb Co. (NYSE: BMY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Pfizer Inc. Research Report
On September 11, 2013, Fitch Ratings Inc. (Fitch Ratings) affirmed Pfizer Inc.'s (Pfizer) Issuer Default Rating (IDR) at 'A+', and provided a Stable Rating Outlook. The rating actions apply to Pfizer's approximately $36.7 billion of consolidated debt outstanding as of June 30, 2013. Some of the key rating drivers mentioned by Fitch were as follows: Fitch believes Pfizer's narrowing focus on human branded pharmaceuticals will improve long-term profitability and growth, offsetting the negative effect of a less-diversified business model; the Company's patent cliff is becoming less steep as a smaller percentage (approximately 20%) of branded revenues are exposed to patent expiration in the next three years; one of Pfizer's at-risk branded products (Enbrel) which Fitch expects will lose less market share to biosimilar competition than the 80% to 90% that typically occurs with generic competition to small molecule drug; Pfizer is making decent progress in developing and commercializing a pipeline of the new drugs; and despite the Company's recent drug launches, Fitch expects Pfizer will generate relatively flat organic revenues through 2016. Also, Fitch anticipates Pfizer will generate strong free cash flow and maintain solid liquidity during the intermediate term, and continue to aggressively deploy cash towards acquisitions and share repurchases. The Full Research Report on Pfizer Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d702_PFE]
UnitedHealth Group Inc. Research Report
On September 13, 2013, UnitedHealth Group Inc. (UnitedHealth) announced that it was named to the Dow Jones Sustainability North America Index (DJSI NA) and the Dow Jones Sustainability World Index (DJSI W). According to UnitedHealth, it was recognized among the leading companies worldwide for economic, environmental, and social excellence and sustainability performance, with a strong focus on long-term shareholder value. In addition, UnitedHealth ranked first in health care providers and services industry sector for corporate citizenship and philanthropy, partnerships toward sustainable health care, codes of conduct and compliance, and operational eco-efficiency. The Full Research Report on UnitedHealth Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/73e5_UNH]
Merck & Co., Inc. Research Report
On September 17, 2013, Merck & Co., Inc. (Merck) announced that the Company was named as one of the Working Mother 100 Best Companies for 2013, which recognizes companies for their commitment to progressive workplace programs, including female representation, compensation, child care, flexibility, time off and leave, family friendly programs, and company culture. Dottie Brienza, Chief Diversity Officer and Executive Talent Leader, Merck, said, "This award recognizes Merck's commitment to fostering an environment where all employees, including working parents and those who provide care for others, can effectively integrate work and life, take care of themselves and their families and reach their professional goals." According to the Company, this recognition marks the 26th year that Merck was honored on the Working Mother 100 Best Companies List. The Full Research Report on Merck & Co., Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/430d_MRK]
Gilead Sciences, Inc. Research Report
On September 12, 2013, Gilead Sciences Inc. (Gilead) announced 48-week results from a Phase 2 study (Study 102) evaluating tenofovir alafenamide (TAF), an investigational once-daily single tablet regiment, for the treatment of HIV-1 infection. The Company revealed that at 48 weeks, a regimen of elvitegravir 150mg/cobicistat 150 mg/emtricitabine 200 mg/TAF 10mg was found to be similar to Stribild (elvitegravir 150mg/cobicistat 150mg/emtricitabine 200mg/tenofovir disoproxil fumarate 300 mg) based on the percentage of patients with HIV RNA levels less than 50 copies/mL, and was associated with more favorable renal and bone safety markers. Norbert W. Bischofberger, PhD, Gilead's Executive Vice President, Research and Development and Chief Scientific Officer, said, "Based on these positive results, we believe that TAF has the potential to become a key component of next-generation single tablet regimens in HIV therapy. We are now completing enrollment of two Phase 3 clinical trials comparing a TAF-based regimen to Stribild in patients new to HIV treatment, and look forward to sharing initial results from these large-scale studies by the end of 2014." The Full Research Report on Gilead Sciences, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9898_GILD]
Bristol-Myers Squibb Co. Research Report
On September 17, 2013, Bristol-Myers Squibb Co. (Bristol-Myers) announced that its Board of Directors has declared a quarterly dividend of $0.35 per share on the $0.10 par value Common Stock of the Company. The Company informed that this quarterly dividend will be payable on November 1, 2013, to stockholders of record at the close of business on October 4, 2013. In addition, Bristol-Myers' Board of Directors declared a dividend of $0.50 per share on the $2.00 Convertible Preferred Stock of the corporation, payable on December 2, 2013, to stockholders of record at the close of business on November 8, 2013. The Full Research Report on Bristol-Myers Squibb Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/81a9_BMY]
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