Pfizer (NYSE:PFE) stock selloff turns HSBC downgrade into dividend-cover test
Pfizer Inc fell in Monday morning trade after HSBC Holdings cut its rating, but the sharper investor question is now dividend cover, not only the downgrade. The stock traded at $23.665 at 10:53 a.m. EDT, down about 2.7%, giving Pfizer a market value of about $135.6 billion.
