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Jefferies Reveals Top 5 Pharma Stock Picks for Growth and Dividends

After a pullback in the sector earlier in the third quarter, it seems that a rising tide has brought pharmaceuticals back to the forefront. As a result, one key analyst has revealed its top five picks for 2015. Jefferies updated the thesis behind its “Top 5 for 2015” picks: AbbVie Inc. (NYSE: ABBV), Pfizer Inc. (NYSE: PFE), Eli Lilly and Co. (NYSE: LLY), AstraZeneca PLC (NYSE: AZN) and Zoetis Inc. (NYSE: ZTS).

AbbVie’s surprise mid-term guidance was in line with the Jefferies thesis in terms of both earnings per share (EPS) growth and the back-story on Humira biosimilars. The firm continues to see the shares as extremely cheap and looks to incremental news flow on product launches, pipeline, Humira patents and legal updates to drive the shares. Meanwhile, the confirmation that Pfizer is in preliminary talks with Allergan is positive in the firm’s view. Ultimately Jefferies sees it as a first step toward serial...