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Pfizer Inc. stock steady amid Guggenheim target hike to $36 and fresh Lyme vaccine data as analysts
Pfizer Inc. (PFE) shares remained stable after Guggenheim raised its price target to $36 and Jefferies reaffirmed its $34 target, both maintaining “buy” ratings. This comes as Pfizer and Valneva announced Phase 3 data for their Lyme disease vaccine candidate, showing over 73% efficacy. The market is weighing these positive pipeline developments against the vaccine missing a key secondary endpoint and ongoing patent expiration challenges for Pfizer.