In a report released today, Eric Le Berrigaud from Stifel Nicolaus maintained a Buy rating on Sandoz Group Ltd (SDZXF – Research Report), with a price target of CHF45.00.
Eric Le Berrigaud has given his Buy rating due to a combination of factors, including Sandoz Group Ltd’s strong financial performance in 2024. The company reported a 9% increase in sales and a 24% growth in core EBITDA, achieving a margin of 20.1%, which aligns well with market expectations.
Despite the anticipated challenges in 2025, such as a mid-single-digit sales growth and a 4 percentage point negative impact from foreign exchange, the core EBITDA margin is expected to remain robust at around 21%. These factors suggest that while there may be some headwinds, the company’s financial health and performance metrics support a positive outlook, justifying the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a CHF50.00 price target.