Lonza price target raised to CHF 640 from CHF 590 at HSBC
HSBC raised the firm's price target on Lonza to CHF 640 from CHF 590 and keeps a Buy rating on the shares. In a sector note on Healthcare, HSBC adjusted target prices on the prospects of the sector's relative outperformance potential for the second half of the year, noting that the Therapeutics space offering "attractive risk weighted returns," Tools "might be the best way to play a cyclical rally," and that MedTech is "cheap."
HSBC raised the firm's price target on Lonza to CHF 640 from CHF 590 and keeps a Buy rating on the shares.
In a sector note on Healthcare, HSBC adjusted target prices on the prospects of the sector's relative outperformance potential for the second half of the year, noting that the Therapeutics space offering "attractive risk weighted returns," Tools "might be the best way to play a cyclical rally," and that MedTech is "cheap."