SocGen Starts GSK, NVS, SNY at Buy, AZN at Hold

An analyst at SocGen initiated coverage on several European big name pharma companies Thursday morning:

• GlaxoSmithKline (NYSE: GSK) with a Buy rating
  
• Novartis (NYSE: NVS) with a Buy rating
  
• Sanofi (NYSE: SNY) with a Buy rating
  
• AstraZeneca (NYSE: AZN) with a Hold rating

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