UBS Group set a CHF 83 target price on Novartis (VTX:NOVN) in a report issued on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
NOVN has been the topic of a number of other research reports. Barclays set a CHF 75 price objective on Novartis and gave the stock a sell rating in a report on Friday, February 1st. Credit Suisse Group set a CHF 84 price objective on Novartis and gave the stock a neutral rating in a report on Friday, April 5th. Jefferies Financial Group set a CHF 95 price objective on Novartis and gave the stock a buy rating in a report on Wednesday, April 17th. Kepler Capital Markets set a CHF 87 price objective on Novartis and gave the stock a buy rating in a report on Tuesday, May 21st. Finally, Goldman Sachs Group set a CHF 98 price objective on Novartis and gave the stock a buy rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Novartis has an average rating of Hold and an average target price of CHF 88.41.
Novartis has a 1 year low of CHF 72.45 and a 1 year 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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