By raising full year earnings guidance ahead of second quarter results, Wyeth once again inspired confidence that near-term performance expectations remain reasonable.
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With Pfizer's diversified product portfolio and cash position that can be used for future deals, we would expect the company to be able to absorb the financial impact.
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Bristol-Myers' dividend has been an important attraction for value minded investors -- providing the key back-stop for shares even amidst the company's near-term negative growth outlook and lackluster pipeline news.
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