Deutsche Bank Rates AstraZeneca 'Sell' Despite $5bn Tozorakimab Promise

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โดย Proactive·GB·Read original
Summary · why it matters

Deutsche Bank kept a 'sell' rating and 11,500 pence target price on AstraZeneca even as it praised detailed OBERON and TITANIA results for tozorakimab in chronic obstructive pulmonary disease presented at the ERS conference. The shares traded at 11,634p, broadly flat. Analyst Emmanuel Papadakis said the data impressed despite minor caveats and supported the drug's commercial prospects, following headline results in March and AstraZeneca's decision to raise peak sales guidance above $5 billion alongside second-quarter results. Consensus sales forecasts stand around $4 billion for 2030 and beyond, leaving room for modest upward revisions, the note said. Papadakis also highlighted positive headline findings from a niche Imfinzi study in small cell lung cancer maintenance treatment, and the broker judged the developments a minor positive for AstraZeneca. The next financial catalyst is whether consensus sales estimates move higher as analysts absorb the detailed COPD findings and reassess tozorakimab's peak revenue potential.

Impact on stocks 2

Biotech & Genomic Medicine▲ · 1 stocks
AstraZeneca PLC
AZN
▲ PositiveTechnologyCapitalrelevance

Detailed OBERON and TITANIA results for tozorakimab in COPD impressed analysts and support the drug's commercial prospects, with peak sales guidance above $5 billion.

Financials▲ · 1 stocks
Deutsche Bank Aktiengesellschaft
DBK
± MixedCapitalrelevance

Deutsche Bank is the broker issuing the 'sell' rating and 11,500p target on AstraZeneca; the note is about AstraZeneca, not a development for Deutsche Bank itself.

Theme Impact 1

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