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Pfizer price target lowered by $4 at JPMorgan, here’s why

JPMorgan analyst Chris Schott lowered the firm’s price target on Pfizer to $30 from $34 and keeps a Neutral rating on the shares. While Pfizer shares appear increasingly washed out at current levels, the firm does not see a clear path for the stock to recover given the ongoing uncertainty on the company’s core earnings power.

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