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Roche: boosted by broker upgrade

( - Roche's shares are up almost 2% on Thursday, the second winner in Zurich, after Credit Suisse upgraded its rating on the stock to "outperform", having increased their target price for it from 350 Swiss francs to 375 Swiss francs.

Amongst other things, the broker praises the pharmaceutical group's medium-term prospects, which it says are underpinned by a "unique" portfolio of medicines that gives it sound control over its prices, as well as by the capacity to renew its pipeline.

Note that the stock is still down 13% YTD.

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