LODH RAISES NOVARTIS TARGET TO CHF100

Lombard Odier Darier Hentsch raised its target for Novartis (NVS) to CHF100 from CHF85. Says the new target is still a base case, not incorporating any early-stage pipeline drugs. "Currently, valuation does not reflect accelerating growth prospects for the Novartis flagship pharmaceuticals division," LODH says. "
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