UPDATE: Swedbank Downgrades AstraZeneca to Sell; Margins Under Pressure
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
|Jul 2016||Argus Research||Initiates Coverage on||Hold|
|May 2016||Leerink Swann||Maintains||Market Perform|
|Apr 2016||Goldman Sachs||Downgrades||Neutral||Sell|
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