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Going by the historical performance, we believe that the stock price of Mylan (NYSE: MYL), a pharmaceutical company best known for its generic drugs, could offer an upside of over 45% from the current levels. MYL stock trades at $15 currently and it is down 35% from the pre-Covid high of $23 seen in February. Also, MYL stock has declined 2% from the low of $16 seen in March 2020, significantly underperforming the broader markets, with the S&P500 seeing a 53% rise over the same period, as the Fed stimulus largely put investor concerns about the near-term survival of companies to rest.


Mylan Stock Has Over 45% Upside

For Mylan, the sales have trended better than many of the other pharmaceutical companies in this pandemic, as we discuss in the sections below. Mylan’s integration with Pfizer’s Upjohn division will help the company expand geographically, as Upjohn has a strong leadership position in China and emerging markets while Mylan has a significant presence in the U.S. and Europe. In view of the economic growth and with a vaccine in sight for the coronavirus, we believe that MYL stock has more than 45% upside in the near future. Our conclusion is based on our detailed analysis of Mylan stock performance during the current crisis with that during the 2008 recession in an interactive dashboard analysis.

2020 Coronavirus Crisis

Timeline of 2020 Crisis So Far:

12/12/2019: Coronavirus cases first reported in China
1/31/2020: WHO declares a global health emergency.
2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high
3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, as Covid-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid a Saudi-led price war
From 3/24/2020: S&P 500 recovers 56% from the lows seen on Mar 23, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system.


Mylan Inc. (MYL)



https://www.forbes.com/sites/greatspeculations/2020/10/21/mylan-stock-has-over-45-upside/#379d5c2b1464