Novartis (NVS) HSBC upgrades to Hold with negative catalysts played out
Bearish/neutral risk due to target below price and catalysts.
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Bearish/neutral risk due to target below price and catalysts.
What happened, with direct paths to the underlying reporting
HSBC upgrades NVS to Hold; target $136 vs price $137.48, with negative catalysts already playing out. Potential downside risk remains.
Target: $136
Posted price: $137.48
Analyst firm: HSBC
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