Kepler Capital Markets set a CHF 87 target price on Novartis (VTX:NOVN) in a report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts have also recently commented on NOVN. Jefferies Financial Group set a CHF 95 price target on shares of Novartis and gave the stock a buy rating in a report on Thursday, May 16th. Credit Suisse Group set a CHF 84 price target on shares of Novartis and gave the stock a neutral rating in a report on Friday, May 17th. Morgan Stanley set a CHF 80 price target on shares of Novartis and gave the stock a sell rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. set a CHF 78 price target on shares of Novartis and gave the stock a sell rating in a report on Monday, May 6th. Finally, Deutsche Bank set a CHF 85 price target on shares of Novartis and gave the stock a neutral rating in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of CHF 88.41.
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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