UBS Group set a CHF 82 target price on Novartis (VTX:NOVN) in a report released on Tuesday, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts have also recently issued reports on NOVN. Barclays set a CHF 70 target price on Novartis and gave the stock a sell rating in a research note on Monday, June 25th. Cfra set a CHF 88 target price on Novartis and gave the stock a buy rating in a research note on Friday, June 29th. Deutsche Bank set a CHF 89 target price on Novartis and gave the stock a neutral rating in a research note on Tuesday, July 3rd. JPMorgan Chase & Co. set a CHF 84 target price on Novartis and gave the stock a neutral rating in a research note on Tuesday, July 17th. Finally, Berenberg Bank set a CHF 90 target price on Novartis and gave the stock a neutral rating in a research note on Friday, June 29th. Eleven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of CHF 88.86.
NOVN stock opened at CHF 78.38 on Tuesday. Novartis has a 52-week low of CHF 72.45 and a 52-week high of CHF 88.30.
Novan, Inc, a clinical-stage biotechnology company, focuses on the development and commercialization of nitric oxide-based therapies to treat dermatological and oncovirus-mediated diseases. Its clinical stage product candidates include SB204, a topical monotherapy that is in Phase III pivotal clinical trials for the treatment of acne vulgaris; and SB206, a topical antiviral gel, which is in Phase III pivotal trials for the treatment of patients with external genital warts, and Phase II clinical trial for the treatment of molluscum contagiosum.
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