Deutsche Bank set a CHF 90 price objective on Novartis (VTX:NOVN) in a report released on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms have also recently commented on NOVN. JPMorgan Chase & Co. set a €50.00 ($58.14) price target on shares of Brenntag and gave the stock a buy rating in a report on Tuesday, July 16th. Morgan Stanley upped their price target on shares of Intact Financial from C$125.00 to C$128.00 in a report on Thursday, May 30th. HSBC set a €101.00 ($117.44) price target on shares of Grenke and gave the stock a buy rating in a report on Thursday, April 25th. Goldman Sachs Group began coverage on shares of Enbridge in a report on Thursday. They issued a neutral rating on the stock. Finally, Credit Suisse Group cut their price target on shares of FOX from $51.00 to $45.00 and set an outperform rating on the stock in a report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of CHF 88.64.
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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