Novartis: Bryan Garnier still a buyer; adjusts target price.
(CercleFinance.com) - Bryan Garnier has reinstated its "buy" rating on the Swiss pharmaceutical Novartis share, while increasing its fair value from 92 Swiss francs to 93 Swiss francs, the day after an investor day organised by group management.
Overall, this meeting has been informative, enabling us to better evaluate the value proposition that the group sees beyond some shorter-term growth catalysts, the broker said.
Regarding the detailed presentation of certain drugs, Bryan Garnier considers that AMG334 (migraine) and Cosentyx, that Novartis was the most convincing, asides psoriasis.
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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.
Overall, this meeting has been informative, enabling us to better evaluate the value proposition that the group sees beyond some shorter-term growth catalysts, the broker said.
Regarding the detailed presentation of certain drugs, Bryan Garnier considers that AMG334 (migraine) and Cosentyx, that Novartis was the most convincing, asides psoriasis.
Copyright (c) 2017 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.