Jefferies thinks its time for investors to go long on Pfizer .
"In our view, PFE has one of the most intriguing catalyst paths over the next yr in large cap pharma and trades ~15% below where it traded at the start of the COVID pandemic."
The analyst added Pfizer has already presented "an impressive innovation framework" that has helped the company adapt to healthcare headwinds, which underpinned the bullish long-term view.
"During the pandemic, Pfizer in collaboration with Biontech rolled out COVID vaccines in a historical timeframe.
PFE YTD mountain Pfizer stock YTD — CNBC's Michael Bloom contributed to this report.
Persons:
Jefferies, Akash Tewari, it's, Tewari, PFE, Biontech, Paxlovid, Michael Bloom
Organizations:
Pfizer, pharma