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Novartis AG (NOVN) Gets a Buy from Deutsche Bank

Tipranks - Tipranks - Wed Mar 25, 5:28AM CDT

In a report released today, Emmanuel Papadakis from Deutsche Bank maintained a Buy rating on Novartis AG, with a price target of CHF135.00.

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According to TipRanks, Papadakis is a 4-star analyst with an average return of 3.5% and a 51.16% success rate. Papadakis covers the Healthcare sector, focusing on stocks such as Roche Holding AG, GlaxoSmithKline, and AstraZeneca.

In addition to Deutsche Bank , Novartis AG also received a Buy from Bank of America Securities’s Sachin Jain in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Novartis AG (Six Swiss: NOVN).

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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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