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Roche: shares fall after broker downgrade.

(CercleFinance.com) - Shares of Roche are down 0.
3% at 243.9 Swiss france on Zurich's SMI index on Monday, after Credit Suisse downgraded its rating on the Swiss drugmaker.

The broker downgraded the stock from "outperform" to "neutral," with a target price that it has cut from 300 Swiss francs to 260 Swiss francs.

"We see a marked deterioration in Roche's strategic positioning as biosimilars for Rituxan and Herceptin enter the market adding pricing pressure and marketing burden," Credit Suisse warns in its report.

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