January 08, 2010 at 18:01 PM EST
Teva Rises On Bullish Five-Year Outlook
Shares of Teva Pharmaceutical Industries pushed higher midday Friday, a day after the world's largest generic drug firm announced a goal of doubling its revenue and increasing its profit margin over the next five years. The Israeli company said its goal is to increase annual revenue to $31 billion and its adjusted profit to $6.8 billion, or 22% of revenue, by 2015. Teva (TEVA), which reports fourth-quarter results on Feb. 9, was on track to log
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