Bank of America Reiterates “CHF 104” Price Target for Novartis (VTX:NOVN)
Other equities research analysts also recently issued reports about the company. Deutsche Bank set a CHF 90 price objective on Novartis and gave the company a neutral rating in a report on Monday, September 9th. Morgan Stanley set a CHF 83 price objective on Novartis and gave the company a sell rating in a report on Thursday, May 30th. HSBC set a CHF 88 price objective on Novartis and gave the company a neutral rating in a report on Monday, July 22nd. Jefferies Financial Group set a CHF 100 price objective on Novartis and gave the company a buy rating in a report on Friday, August 30th. Finally, Goldman Sachs Group set a CHF 105 price objective on Novartis and gave the company a buy rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of CHF 90.85.
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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