Deutsche Bank set a CHF 90 price objective on Novartis (VTX:NOVN) in a research note released on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
NOVN has been the topic of a number of other research reports. Barclays set a CHF 80 target price on Novartis and gave the company a sell rating in a research note on Thursday, September 5th. UBS Group set a CHF 90 target price on Novartis and gave the stock a neutral rating in a research report on Tuesday, July 30th. HSBC set a CHF 88 price target on Novartis and gave the stock a neutral rating in a research note on Monday, July 22nd. Morgan Stanley set a CHF 83 price target on Novartis and gave the company a sell rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. set a CHF 82 price target on Novartis and gave the company a sell rating in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Novartis has an average rating of Hold and an average price target of CHF 90.92.
Novartis has a 1-year low of CHF 72.45 and a 1-year high of CHF 88.30.
Novartis Company Profile
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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