Pfizer Inc. (NYSE:PFE) ranks among the top picks for a retirement portfolio. BMO Capital reaffirmed its Outperform rating and $30 price target for Pfizer Inc. (NYSE:PFE) on September 23 in response to the company’s announcement of a new agreement in the obesity treatment market.
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Following disappointments with its lotiglipron and danuglipron programs, the pharmaceutical giant has now made what BMO Capital refers to as a “thoughtful re-entry into the obesity metabolic space” with its partnership with Metsera.
With contingent value rights (CVRs) built into the deal, BMO Capital considers it as “one of Pfizer’s better BD opportunities,” allowing the company to lower risk and regain its competitive position in the market for obesity treatments.
Pfizer Inc. (NYSE:PFE) is a leading global pharmaceutical company that develops, produces, and sells biopharmaceutical medicines worldwide.
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Disclosure: None. This article is originally published at Insider Monkey.