GlaxoSmithKline Upgraded to "Neutral" at JP Morgan (GSK)

GlaxoSmithKline Upgraded to “Neutral” at JP Morgan (GSK)

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JP Morgan reported on Wednesday that it has upgraded healthcare company GlaxoSmithKline plc (GSK).

The firm has raised its rating on GSK to “Neutral” as analysts see upcoming catalysts balancing out risk.

GlaxoSmithKline shares were up 29 cents, or 0.56%, during pre-market trading Wednesday. The stock is up 20% YTD.

The Bottom Line

Shares of GlaxoSmithKline plc (GSK) have a 4.25% yield based on Tuesday’s closing price of $52.01.

GlaxoSmithKline plc (GSK) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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