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Actionable news in GSK: GLAXOSMITHKLINE PLC,

Analysts Hit Reset Button On GlaxoSmithKline

Glaxosmithkline (GSK) received a boost on Tuesday after analysts at Liberum Capital initiated coverage of the stock with a buy rating, citing multiple factors that could help the pharma giant in the coming years.

Glaxo's recent history of earnings misses, downgrades and high profile R&D failures have driven market expectations too low, they noted, declaring that it is time to hit the reset button on Glaxo.

The London-headquartered drugmaker has been in favor since the U.K. voted to leave...