Citi Reaffirms Their Buy Rating on Novartis AG (NOVN)
Citi analyst Graham Parry maintained a Buy rating on Novartis AG today and set a price target of CHF132.00.
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According to TipRanks, Parry is a 2-star analyst with an average return of 0.8% and a 60.71% success rate. Parry covers the Healthcare sector, focusing on stocks such as Roche Holding AG, AstraZeneca, and GlaxoSmithKline.
In addition to Citi, Novartis AG also received a Buy from Deutsche Bank ‘s Emmanuel Papadakis in a report issued today. However, on March 27, Goldman Sachs maintained a Sell rating on Novartis AG (Six Swiss: NOVN).
Based on Novartis AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of CHF13.44 billion and a net profit of CHF2.43 billion. In comparison, last year the company earned a revenue of CHF13.56 billion and had a net profit of CHF2.82 billion
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