Roche: Credit Suisse maintains buy rating

(CercleFinance.com) - Credit Suisse estimates that H2 earnings were 3% below the consensus, although 3% above the Credit Suisse index.


The analyst confirms an Outperform rating on the stock, along with a target price of 380 Swiss francs.

"In line with guidance, we increase AHR erosion and COVID-related decline in FY23".

"We also refresh our FX assumptions for new consensus FX, which lowers sales and earnings by c.3%. Overall, we lower 2023-27 sales by 1.6% and Core EPS by 2%," Credit Suisse points out.


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