Novartis AG: Strong Growth Potential and Strategic Innovations Justify Buy Rating
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Bank of America Securities analyst Sachin Jain reiterated a Buy rating for Novartis AG, citing strong growth potential and strategic innovations. Key factors include the success of Kisqali in the hormonal therapy market, strategic partnerships, cardiovascular initiatives with Pelacarsen, and promising treatments like remibrutinib for RRMS. Strategic acquisitions, such as Avidity, are seen as multi-billion dollar opportunities. J.P. Morgan also upgraded the stock to a Buy with a CHF125.00 price target.
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