Teva CEO’s $14.3 Million Tax-Linked Share Sale Lands as Piper Turns More Bullish
Teva CEO Richard Francis sold 442,935 shares for about $14.3 million to cover tax withholding on vested stock awards, a U.S. filing showed. Piper Sandler raised its price target on Teva to $41 after meeting management and kept an overweight rating. Teva is seeking to offset over $1 billion in expected 2026 generic Revlimid sales erosion with branded drugs and a Blackstone-backed bowel disease program.