AstraZeneca gets the seal of approval from leading US investment bank - here's why
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Morgan Stanley has initiated coverage of AstraZeneca with an 'overweight' rating, citing its current share price as a compelling entry point ahead of key drug pipeline developments. The bank set a price target of 14,500p, with potential upside from upcoming clinical trial results.
February 12, 2025 | 2:30 pm
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Morgan Stanley has given AstraZeneca an 'overweight' rating, suggesting its current share price is attractive due to upcoming drug pipeline developments. A price target of 14,500p was set, with potential upside from clinical trial results.
Morgan Stanley's 'overweight' rating and price target suggest confidence in AstraZeneca's future performance, particularly due to its drug pipeline. This positive analyst rating is likely to boost investor sentiment and drive short-term stock price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100