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Teva initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Teva (TEVA) with a Buy rating and $24 price target The firm sees an improving core business, with upside to near-mid-term consensus EBITDA estimates driven by “strong growth” in the branded segment. Goldman’s estimates are 6% above consensus EBITDA estimates in 2027 and it sees the potential for this to expand further on continued execution. Teva’s pipeline optionality represents a “significant valuation lever,” adds the firm.

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