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Roche: shares dip after broker cuts target

( - Shares in Swiss drugmaker Roche were the second-biggest faller on Zurich's blue chip index, the SMI, on Friday after UBS cuts its target price for the stock.

The private bank - which keeps a "buy" rating on the share - said it has reduced its target from 370 euros to 365 euros.

The Roche shares are currently down 0.8%, compared to a 0.3% drop for the SMI index.

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