5 Best Beaten Down Stocks To Buy Now

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1. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 73

Pfizer Inc. (NYSE:PFE) is another pharmaceutical company on our list. It is based in New York.

Pfizer Inc. (NYSE:PFE) was spotted in the portfolios of 73 hedge funds in the second quarter. Their total stake value was $1.5 billion.

Louise Chen at Cantor Fitzgerald reiterated an Overweight rating and a $75 price target on Pfizer Inc. (NYSE:PFE) shares on September 18.

Diamond Hill Capital said the following about Pfizer Inc. (NYSE:PFE) in its second-quarter 2023 investor letter:

“Our bottom contributors in Q2 included health insurance company Humana, biopharmaceutical company Pfizer Inc. (NYSE:PFE) and global entertainment company Disney. Pharmaceutical giant Pfizer has been dealing with a decline in sales due to lower COVID vaccination levels. Additionally, in 2023, management is increasing spend as the company invests in new product launches. That said, we remain positive about the long-term company fundamentals.”

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See also 10 Beaten Down Stocks Billionaires Are Loading Up On and 12 Best Beaten Down Stocks To Buy.

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