Skip to main content

Shares of Mylan (MYL) were up 1.2% in morning trading Monday after analysts at Barclays upgraded the stock to "overweight" from "equal weight" while also raising its price target to $50 from $47. 

The new price target represents a potential 32% upside from the stock's previous closing price of $37.94. 

Barclays analyst Douglas Tsao sees multiple catalysts ahead for the company, including the potential FDA approval of its generic version of multiple sclerosis treatment Copaxone, which could come as soon as next month. 

The firm estimates the drug could see revenue of $180 million this year and $300 million next year. 

Scroll to Continue

TheStreet Recommends

Jim Cramer and Real Money columnists discuss the latest from President Donald Trump and the GOP's efforts to repeal and replace the Affordable Care Act. See which stocks they are discussing and get his insights or analysis with a free trial subscription to Real Money.