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Citi Reaffirms Their Buy Rating on Novartis AG (NOVN)

Tipranks - Wed Apr 15, 11:02AM CDT

In a report released yesterday, Graham Parry from Citi maintained a Buy rating on Novartis AG. The company’s shares closed today at CHF120.62.

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According to TipRanks, Parry is a 2-star analyst with an average return of 0.9% and a 60.00% 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 Kepler Capital ‘s David Evans in a report issued on April 2. However, on April 10, UBS maintained a Hold 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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