: : GSK shares lower as UBS downgrades pharma giant to sell #FinanceUSA #StockMarketNEWS Shares of GSK UK:GSKfell nearly 4% in London as UBS downgraded the pharmaceutical giant to sell from neutral.
@stockMarketNEWS Mon 14 Nov, 2022
: GSK shares lower as UBS downgrades pharma giant to sell #FinanceUSA #StockMarketNEWS
Shares of GSK UK:GSKfell nearly 4% in London as UBS downgraded the pharmaceutical giant to sell from neutral. “We see two factors posing risks to the earnings base longer term – blockbuster vaccine Shingrix will exhaust its catch-up patient pool in the U.S. around ’27 and HIV product
dolutegravir faces patent expiry at the same time. We think this could erode c20% of revenues,� the broker said, as it also reduced its price target to 1300 pence (.56 per ADR) from 1820 pence.
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