Accueil > Actualité
Actualite financiere : Actualite bourse

Sanofi: UBS raises target price

(CercleFinance.com) - On Thursday UBS raised its target price for Sanofi shares, saying it expects "double-digit growth" in EPS from the company's operations this year.


The broker - which has nudged up its target price from 116 euros to 117 euros - justifies its optimism by the strong growth in the US of prescriptions for Dupixent, the treatment for atopic dermatitis developed by the laboratory.

UBS says that the drug's sales could eventually exceed 15 billion euros, compared with a current forecast of around 10 billion euros.

It adds that Dupixent's potential could be realised this year with new developments expected from the biopharmaceutical group in the coming months.

UBS maintains a buy recommendation on Sanofi shares, making it one of its "top picks" amongst European big cap stocks.

The share is currently pretty flat at around 88 euros this morning.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.