Goldman Sachs Group set a CHF 98 price target on Novartis (VTX:NOVN) in a report released on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Jefferies Financial Group set a CHF 105 price objective on Novartis and gave the company a buy rating in a report on Wednesday, March 27th. JPMorgan Chase & Co. set a CHF 85 price target on Novartis and gave the stock a sell rating in a research note on Wednesday, April 3rd. Kepler Capital Markets set a CHF 94 price target on Novartis and gave the stock a buy rating in a research note on Wednesday, January 30th. Barclays set a CHF 75 price target on Novartis and gave the stock a sell rating in a research note on Monday, April 8th. Finally, UBS Group set a CHF 85 price target on Novartis and gave the stock a neutral rating in a research note on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Novartis has a consensus rating of Hold and an average target price of CHF 90.33.
Novartis has a 1-year low of CHF 72.45 and a 1-year high of CHF 88.30.
Novan, Inc, a clinical-stage biotechnology company, focuses on the development and commercialization of nitric oxide-based therapies to treat dermatological and oncovirus-mediated diseases. Its clinical stage product candidates include SB204, a topical monotherapy that is in Phase III pivotal clinical trials for the treatment of acne vulgaris; and SB206, a topical antiviral gel, which is in Phase III pivotal trials for the treatment of patients with external genital warts, and Phase II clinical trial for the treatment of molluscum contagiosum.
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