Novartis AG (NVS) NewsBite - NVS Falls On Underweight Rating from Barclays
Posted: Thursday, November 12, 2009 2:02 PM EDT
By: Market Intelligence Center Staff
Novartis AG (NYSE: NVS) opened at $53.14. So far today, the stock has hit a low of $52.86 and a high of $53.33. NVS is now trading at $52.92, down $0.55 (-1.03%). Over the last 52 weeks the stock has ranged from a low of $33.34 to a high of $53.81. Barclays Capital initiated coverage on NVS today, starting the stock at Underweight with a $48 price target. Technical indicators for the stock are neutral and S&P gives NVS a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for NVS. [ABR-Seven Summits Strategic Investments NewsBite]
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