I am sure we will be seeing more and more investment firms upgrade healthcare companies. And more and more mergers and acquisitions in the healthcare industry.
Jefferies ups Health Care to Overweight, cuts Discretionary to Underweight Jefferies Equity Strategist Steven DeSanctis cut his rating on the Consumer Discretionary sector to Underweight from Overweight citing the impact of social distancing, although he admits "it feels like we are closing the barn door after the horse has bolted. He concurrently upped his rating on the Health Care sector to Overweight given that "it holds the solution to the pandemic." He also foresees more M&A in the group, especially in Biotech, which should give the sector a lift, DeSanctis said in a note to investors.
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