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UPDATE: Swedbank Downgrades AstraZeneca to Sell; Margins Under Pressure

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Swedbank downgraded AstraZeneca (NYSE: AZN) from Reduce to Sell.

Swedbank noted, "Later in March, AstraZeneca will stage its first CMD with a new strategy and a new leadership. It is already clear that this will involve committed investments to transform the pipeline's size and potential. Together with the top-line pressure, this should squeeze the short-term earnings. Upside should be revealed gradually after 2015."

AstraZeneca closed at $45.80 on Thursday.

Latest Ratings for AZN

DateFirmActionFromTo
Sep 2016PiperJaffrayInitiates Coverage onOverweight
Sep 2016Exane BNP ParibasDowngradesOutperformNeutral
Sep 2016JefferiesUpgradesHoldBuy

View More Analyst Ratings for AZN
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Posted-In: SwedbankAnalyst Color Downgrades Analyst Ratings

 

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