Novartis: Limited Growth

Nov. 15, 2022 4:43 PM ETNovartis AG (NVS) StockNVS2 Comments
Mare Evidence Lab
5.77K Followers

Summary

  • We analyzed the latest Pharma conference with key takeaways on the Inflation Reduction Act development and the company's reorganization.
  • Limited growth potential with no current positive catalyst.
  • Valuation at a discount to comps. Our neutral rating is confirmed.
Facade of an office buildings of Novartis Pharma company

yuelan/iStock Editorial via Getty Images

Today, we are back to comment on Novartis's latest development (including its Q3 update) thanks to our participation in the Credit Suisse Global Healthcare Conference (NYSE:NVS, OTCPK:NVSEF). During the year, we decided to downgrade Novartis mainly for

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