September 28, 2012 at 08:21 AM EDT
BMO Capital Prefers Pfizer’s “Flight to Safety” Position (PFE)

Shares of pharmaceutical giant Pfizer (PFE) could be on the move today following a bullish call from BMO Capital.

The brokerage firm initiated Pfizer shares with an outperform rating and a $30 price target, citing the share price stability as a good reason for investors to consider the stock as market volatility ramps up.

Shares of Pfizer are up 15% YTD.

The Bottom Line
We have been recommending shares of Pfizer (PFE) since Mar.12, when the stock was trading at $21.49. The company has a 3.53% dividend yield, based on last night’s closing stock price of $24.96.

Pfizer (PFE) is a recommended stock at this time, holding a DARS™ Rating of 3.5 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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