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Sandoz: UBS upgrades stock

( - UBS has upgraded its recommendation on Sandoz from 'neutral' to 'buy', with a target price raised from 29.
1 CHF to 36 CHF, with its new TP offering 23% upside potential for the Swiss generics and biosimilars group.

In the summary of its research note, the broker says that it is more positive about access to biosimilars in the US, and highlights recent performances which are not reflected in the current undemanding valuation.

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