Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Citigroup Ups Endo Pharmaceuticals to Buy

Citigroup upgraded Endo Pharmaceuticals (ENDP) to buy from neutral.

Analyst Andrew Swanson says the Endo Pharmaceuticals upgrade reflects his view that opportunity for generic painkiller OxyContin could become larger and more sustainable than initially thought. He says prescription share gains have been rapid, while price erosion seems to have been rational to date.

Longer-term, he believes the OxyContin opportunity will provide Endo with the cash required to diversify its business away from Lidoderm through either product licensing or even mergers and acquisitions.

Swanson raised his earnings per share estimates from $1.57 for 2005 to $1.68, and from $1.71 for 2006 to $1.79. He boosted his $27 price target to $31.

blog comments powered by Disqus