Correction: Teva outlook less promising after CEO departure, says BMO Capital

theflyonthewall.com

After Teva's CEO resigned, BMO Capital has less confidence in the company's outlook. The firm states that the last time Teva went through the process of finding and installing a new CEO, its R&D and EPS reliability.declined slightly. The firm has been critical of the company's governance and keeps an Outperform rating on the stock. A previous version of the story incorrectly stated that the firm had kept a Market Perform rating on the shares.

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