Jefferies analyst Jeffrey Holford has boosted its price target on Pfizer from $42 to $45. This new price target suggests a 28% upside from the stock’s current price. The firm has also added PFE to its “Franchise Picks” list.

The firm has raised its 2015 EPS estimates from $2.07 to $2.08. FY2016 EPS estimates were increased from $2.21 to $2.30.

The analyst commented: “We expect PFE shares to significantly appreciate over the next 1-2 years based on a better than expected launch of Ibrance, greater appreciation of the durable growth on offer in GEP, further accretive and potentially tax-driven M&A, and the separation of GEP by 2017 at a minimum from the rest of the business.”

So far in 2015, shares of Pfizer have gained about 12%. While the company has outperformed the S&P 500, it failed to beat the pharmaceuticals industry as a whole.

The stock has grown at a steady rate over the last few years and has a dividend yield of about 3.2%. Pfizer stock is perhaps most ideal for income-focused investors that are planning on holding the stock over the long-haul.

The funds listed below may be a good option for investors seeking exposure to PFE. The three funds below currently hold the largest stakes in the company.

The funds highlighted above offer investors a stake in PFE, while remaining diversified. Investors interested in PFE may also be interested in Merck (MRK) or Johnson & Johnson (JNJ).

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