AstraZeneca: UBS raises target price
(CercleFinance.com) - UBS reiterates its 'buy' rating on AstraZeneca shares, having increased its target price for them from 9,200 pence to 10,000 pence, a new target price that suggests upside potential of 15% for the UK pharmaceutical company's shares.
"DESTINY-Breast03 has firmly established the antibody-drug conjugate platform with optionality that should allow investors to tolerate ongoing margin discussions," the broker summarised.
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