Here are the biggest calls on Wall Street on Thursday
to Our Top Pick in Large Cap US Pharma: We hosted an investor lunch today with members of Pfizer's management team, including Albert Bourla , Angela Hwang , and Chuck Triano and Bryan Dunn . We upgraded Pfizer shares to Outperform back in January given what we saw as an emerging new product story with an attractive risk/reward.
While our valuation for the core F1 racing league, at $10.6B, is little changed from our initial January 2017 outlook, FWONK's 33% stake in Live Nation has more than doubled since then, to $4.5B. After bottoming-out below $30 a share in late December, FWONK has recently throttled back towards all-time highs.
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