HSBC Downgrades AstraZeneca (AZN) to Underweight

June 26, 2008 7:41 AM EDT

HSBC downgrades AstraZeneca (NYSE: AZN) from Neutral to Underweight, citing slowing revenue outlook for Nexium.

AstraZeneca PLC, incorporated on June 17, 1992, discovers, develops, manufactures and markets prescription pharmaceuticals, biologics and vaccines for principal areas of healthcare, including cardiovascular, gastrointestinal, neuroscience, oncology, respiratory and inflammation, and infection.


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