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Novartis AG (NOVN) Receives a Buy from Deutsche Bank

Tipranks - Tipranks - Fri Feb 13, 7:30AM CST

Deutsche Bank analyst Emmanuel Papadakis maintained a Buy rating on Novartis AG today and set a price target of CHF135.00.

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Papadakis covers the Healthcare sector, focusing on stocks such as GlaxoSmithKline, Novo Nordisk, and AstraZeneca. According to TipRanks, Papadakis has an average return of 4.1% and a 53.17% success rate on recommended stocks.

In addition to Deutsche Bank , Novartis AG also received a Buy from J.P. Morgan’s Richard Vosser in a report issued today. However, on February 9, DZ BANK AG downgraded Novartis AG (Six Swiss: NOVN) to a Hold.

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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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