UPDATE: Morgan Stanley Upgrades Novartis (NOVN:SW) (NVS) to Overweight

September 1, 2020 4:26 AM EDT
Get Alerts NOVN:SW Hot Sheet
Price: $0.00 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 13 | New: 23
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(Updated - September 1, 2020 7:15 AM EDT)

(updating comment)

Morgan Stanley analyst Mark Purcell upgraded Novartis (NOVN:SW) (NYSE: NVS) from Equalweight to Overweight with a price target of CHF101.00 (from CHF93.00).

The analyst comments "Greater focus on execution risks and rising concerns that future growth could grind to a halt without M&A support has seen Novartis shares de-rate by 20% vs peers. We argue 2021
will be an execution reward year, with the emergence of hidden pipeline assets not reflected in the current valuation."

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