Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Novartis AG (NYSE: NVS) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Novartis AG (NYSE: NVS) stock closed at $111.89 on 8/9/24 after a modest gain of 0.8%. However, below average trading volume at 75% of normal accompanied the advance. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NVS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Novartis has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Novartis has a poor Appreciation Score of 24 but a slightly positive Power Rating of 64, with the Low Neutral Value Trend Rating the result.
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