HSBC Maintains Buy Rating on Pfizer (PFE) with Raised Price Targ

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HSBC has reaffirmed its ‘Buy’ rating for Pfizer (PFE) and increased its price target from $29.00 to $32.00, indicating a positive outlook. This update comes amidst various analyst ratings, with the average one-year price target for Pfizer by 29 analysts being $28.66, suggesting a 5.68% upside from its current price. However, GuruFocus estimates the fair value for PFE to be $24.87, implying a potential 8.3% downside from the current price.

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