HSBC revises European pharmaceutical ratings, highlighting AI rotation risks

au.investing.com

HSBC has downgraded ratings for several European pharmaceutical companies, including GSK, Roche, and Merck KGaA, citing sector-wide risks. The review also adjusted AstraZeneca's target price and flagged concerns about deal risks and increasing capital intensity within the pharmaceutical industry. These changes reflect evolving market dynamics and pipeline developments for major drug manufacturers.


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HSBC revises European pharmaceutical ratings, highlighting AI rotation risks | News Minimalist