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Deutsche Bank Reiterates Hold Rating on Alvotech SA (ALVO), 'we continue to monitor ongoing Simlandi RX trends in the US'

July 2, 2024 1:02 PM EDT

Deutsche Bank analyst Emmanuel Papadakis reiterated a Hold rating and $14.00 price target on Alvotech SA (NASDAQ: ALVO).

The analyst comments "ALVO yesterday reported a Q2 sales beat of c41%/c31% for DB/cons, respectively. Top-line performance was primarily driven by achievement of clinical... More