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Teva CEO Kare Schultz On Drugmaker's Outlook, Coronavirus Response
Thursday, May 7, 2020 - 2:52pm | 479Generic drugmaker Teva Pharmaceutical Industries Ltd (NYSE: TEVA) reported a first-quarter earnings beat as the company managed to maintain business continuity, CEO Kare Schultz said on CNBC's "Squawk on the Street." Teva's 'Very Good' Quarter Teva is dedicated to...
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Teva's 'Achievable' 2018 Outlook, Restructuring Plan Trigger Credit Suisse Upgrade
Monday, February 12, 2018 - 10:52am | 392Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced a restructuring program late last year that is now showing some signs of early success, according to Credit Suisse. The Analyst Credit Suisse's Vamil Divan upgraded Teva's stock rating from Neutral to Outperform with a...
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Goldman Sachs: Now Is The Time To Get In On Teva's Turnaround
Friday, December 15, 2017 - 12:01pm | 331Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) announced Thursday a plan to eliminate more than 25 percent of its worldwide workforce as part of a strategy to slash $3 billion of annual costs. The Analyst Goldman Sachs' Jami Rubin upgraded Teva's stock from Neutral to Buy with...
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For Teva Pharmaceuticals, No Recovery In Sight, Says Analyst
Monday, November 13, 2017 - 1:48pm | 487Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s third quarter earnings report disappointed investors, as it included another reduction to its full year 2017 earnings per share and revenue outlook. The Analyst JPMorgan's Chris Schott downgraded Teva's stock rating from Neutral...
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Analyst Eats 'Some Humble Pie,' Says Teva Needs To Deliver On Greater Visibility In Coming Months
Friday, November 3, 2017 - 11:09am | 349Analysts at Deutsche Bank see a scenario in which Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)'s stock can move higher from its current levels but are simultaneously no longer recommending investors be buying the stock. The firm's Gregg Gilbert downgraded Teva's stock from Buy...
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Teva Runs Out Of Buyers After Changes In C-Suite
Wednesday, September 27, 2017 - 2:37pm | 324Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) shareholders have had an extremely volatile couple of months. After an August guidance and dividend cut sent the stock tumbling from a July high of $33.67 to a September low of $15.22, Teva shares popped to above $20 when the company announced...
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With New CEO In Place, Focus For Teva Pharma Turns To 'Execution'
Tuesday, September 12, 2017 - 10:11am | 375Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA)’s having a big week, and it’s only Tuesday. The drug manufacturer’s stock popped as much as 24 percent Monday after the board appointed Kåre Schultz, current head of H. Lundbeck A/S and former COO of Novo Nordisk A/S (ADR...
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A Look At Kare Schultz, The New CEO In Charge Of Teva
Monday, September 11, 2017 - 3:59pm | 378Kare Schultz, a veteran pharmaceutical executive with a background in restructuring, was a big hit with investors after the 56-year-old Dane was chosen as CEO of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA), the world's biggest seller of generic medicines. Shares were up 20 percent on...
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The Teva Rally: Tread Carefully
Monday, September 11, 2017 - 12:43pm | 461Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) shareholders are jumping for joy on Monday after the market gave new CEO Kare Schultz a warm welcome in the form of a 21 percent gain for Teva stock. However, once the euphoria of a new CEO wears off, traders should be looking for the reality of...
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Teva's New CEO Is A Positive Catalyst
Monday, September 11, 2017 - 8:35am | 451Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) were trading higher by more than 11 percent early Monday morning after the company named Kare Schultz as its new CEO after a seven-month search period. Schultz brings decades of experience in the pharmaceutical industry and most...