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Novo Nordisk's shares plummeted over 21% following disappointing results from the Phase 3 trial of its obesity drug CagriSema, which achieved a 22.7% average weight reduction, falling short of the expected 25%. Analysts have reacted with downgrades, citing safety concerns and underperformance compared to competitors. Despite achieving primary study objectives, the market's response reflects significant investor disappointment.
UBS has maintained a "Neutral" rating for Novo Nordisk, setting a target price of 1,100 Danish crowns. Analyst Jo Walton highlighted disappointing results for the weight loss drug Cagrisema, which showed a 20.4% reduction, falling short of the expected 25%. Future focus may shift towards availability, tolerability, and convenience of oral administration rather than efficacy.
UBS has maintained a "Neutral" rating for Novo Nordisk, setting a target price of 1100 Danish kroner. Analyst Jo Walton noted a slight increase in first-time prescriptions for weight-loss drugs in the US, based on data up to December 6.
UBS has maintained a 'Neutral' rating for Novo Nordisk, setting a price target of 1100 Danish crowns. This decision reflects recent trends in prescription rates for weight-loss drugs in the USA, as noted by analyst Jo Walton in a study published on December 9, 2024.
UBS has maintained a "Neutral" rating for Novo Nordisk, setting a target price of 1100 Danish kroner. Despite the reavailability of the weight loss drug Wegovy, analyst Jo Walton noted a lack of significant demand increase in the US market.
UBS has maintained a 'Neutral' rating for Novo Nordisk, setting a target price of 1100 Danish crowns. Despite the reavailability of the weight loss drug Wegovy, analyst Jo Walton noted a lack of significant demand increase in the USA.
UBS has reduced its price target for Bayer from 30 to 22 euros while maintaining a "Neutral" rating. Analyst Jo Walton cited a weak outlook for the Leverkusen-based company, resulting in a 16% decrease in the earnings forecast for 2025.
UBS has reduced its price target for Bayer from 30 to 22 euros while maintaining a "Neutral" rating. Analyst Jo Walton cited a weak outlook for the Leverkusen-based company, resulting in a 16% decrease in the earnings forecast for 2025.
UBS has reduced its price target for Bayer from 30 to 22 euros while maintaining a "Neutral" rating, citing a weak outlook for the company. This adjustment reflects a 16% decrease in the earnings forecast for 2025. Bayer's sales are primarily derived from agricultural products (48.8%) and pharmaceuticals (38%).
UBS AG has maintained a "Neutral" rating for Bayer, with a price target of 30 euros, following insights from CFO Wolfgang Nickl at an investor conference. Despite Bayer shares dropping 3.2% to EUR 20.22, there remains a potential upside of 48.37%. The stock has declined 39.6% since the start of 2024, with Q4 2024 financial results expected on March 5, 2025.
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