Hail the Local Hero

European and Canadian pharma and biotech companies have more analyst coverage than their American peers, because they get coverage by U.S. as well as local analysts, according to a review byBMO Capital Markets.

In fact, the top six companies in terms of sellside research coverage are all based in Europe: AstraZeneca plc (LSE:AZN; NYSE:AZN); GlaxoSmithKline plc (LSE:GSK; NYSE:GSK); Novartis AG (NYSE:NVS; SIX:NOVN); sanofi-aventis Group (Euronext:SAN; NYSE:SNY); Novo Nordisk A/S (CSE:NVO; NYSE:NVO); and Roche (SIX:ROG; OTCQX:RHHBY)...