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UPDATE: Swedbank Downgrades AstraZeneca to Reduce on Valuation

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Swedbank lowered its rating on AstraZeneca (NYSE: AZN) from Neutral to Reduce as the company faces price pressures ahead.

Swedbank commented, "Increasing the focus on productivity and innovation is exciting, but after spending USD 23bn over 5 years, execution and transparency is critical. AZN is facing price pressure, soft launch support and a period of underperforming emerging markets. Despite AZN's attractive direct yield, we downgrade to Reduce (Neutral) and await improved transparency."

AstraZeneca closed at $46.70 on Thursday.

Latest Ratings for AZN

DateFirmActionFromTo
May 2017Credit SuisseUpgradesUnderperformNeutral
Dec 2016Leerink SwannUpgradesMarket PerformOutperform
Sep 2016PiperJaffrayInitiates Coverage onOverweight

View More Analyst Ratings for AZN
View the Latest Analyst Ratings

Posted-In: SwedbankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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