The drug company is a defensive, income generator with added potential for capital gains.
Bristol-Myers Squibb is upgraded to 'conviction buy' at Goldman, and Yelp is initiated with a 'neutral' at Piper Jaffray.
Despite the current gloom, the market is in a heck of a better place than it was 12 months ago.
The US approval of Stribild is a big plus for the company's AIDS treatment franchise.
Autodesk is downgraded at 2 firms, and General Growth is downgraded to 'neutral.'
The ECB is considering yield band targets for a new bond-buying program. Orders for US durable goods jump, but the core number slides. Fed stimulus hopes fade. Autodesk plunges on disappointing results. Eli Lilly rallies on an Alzheimer's study.
The FDA is concerned about heart problems following issues related to rival Bristol-Myers' similar treatment for hepatitis C.
| Tags: | biotechnologyBMYGILDIDIX |
While Romney's VP pick may be a good talking point this week, investors are still watching Europe.
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