Sanofi: Oddo BHF confirms rating

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Sanofi shares, with an unchanged target price of E119.


The analyst reports that the share price rose over 3% yesterday following the publication of positive results from a phase 2b study evaluating duvakitug for the treatment of patients suffering from ulcerative colitis and Crohn's disease.

The study achieved its primary endpoint of clinical remission.

The broker considers these results 'encouraging' and believes that duvakitug has nothing to envy to tulisokibart, the antibody of the same pharmaceutical class developed by Merck.

The results are convincing and should help reassure the market about the evolution of Sanofi's pipeline, it adds, with its valuation remaining 'attractive', with a 2025e P/E of 10.7x, which represents a 16% discount to its peers.


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