In a report released today, Steve Scala from Cowen & Co. initiated coverage with a Buy rating on Roche Holding (RHHBY) and a price target of $48.00. The company’s shares closed last Monday at $42.35, close to its 52-week high of $42.88.
According to TipRanks.com, Scala is a 4-star analyst with an average return of 8.5% and a 64.9% success rate. Scala covers the Healthcare sector, focusing on stocks such as Sanofi-Aventis Sa, Eli Lilly & Co, and Bristol Myers.
Roche Holding has an analyst consensus of Moderate Buy, with a price target consensus of $42.00.
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The company has a one-year high of $42.88 and a one-year low of $31.81. Currently, Roche Holding has an average volume of 1.09M.
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