Kepler Capital Markets set a CHF 87 target price on Novartis (VTX:NOVN) in a research note published on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages also recently weighed in on NOVN. Goldman Sachs Group set a CHF 110 price target on shares of Novartis and gave the stock a buy rating in a report on Monday, March 25th. UBS Group set a CHF 89 price target on shares of Novartis and gave the stock a neutral rating in a report on Monday, March 4th. JPMorgan Chase & Co. set a CHF 85 price target on shares of Novartis and gave the stock a sell rating in a report on Tuesday, February 26th. HSBC set a CHF 86 price target on shares of Novartis and gave the stock a neutral rating in a report on Wednesday, February 6th. Finally, Deutsche Bank set a CHF 93 price target on shares of Novartis and gave the stock a neutral rating in a report on Tuesday, February 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target 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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