{
  "id": 17765756,
  "title": "Deutsche Bank downgrades Novartis stock rating to sell on valuation",
  "url": "https://urgent.news/2026/11/02/deutsche-bank-downgrades-novartis-stock-rating-to-sell-on-valuation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T07:40:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/deutsche-bank-downgrades-novartis-stock-rating-to-sell-on-valuation-93CH-4990069"
  },
  "original_language": "en",
  "account": "Deutsche Bank has reduced its rating on Novartis stock to Sell, citing valuation concerns, while maintaining a price target of CHF115.00. The downgrade comes after a mixed third quarter for the pharmaceutical company. Novartis shares have rebounded following setbacks with pelacarsen and delucemdostat, despite being supported by a market rotation into pharmaceutical stocks. Analyst Emmanuel Papadakis noted the stock has largely regained earlier losses. Deutsche Bank believes market expectations are overly optimistic, with upcoming events like a Phase 3 trial for remibrutinib and a capital markets day expected to be modest positives. The stock currently trades at a P/E ratio of 31.11, just 6% below its 52-week high of $170.46, and is in overbought territory according to RSI indicators. Novartis reported third-quarter earnings that beat expectations with a core EPS of $2.46, driven by strong sales of new medicines and cost control. However, revenue fell slightly short of forecasts at $14.52 billion. The company raised its profit outlook, despite a significant impairment charge from a failed drug trial.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Equities: US Tech seen rebounding after selloff – Deutsche Bank",
        "url": "https://urgent.news/2026/11/02/equities-us-tech-seen-rebounding-after-selloff-deutsche-bank",
        "published": "2026-11-02T07:44:36.000Z"
      },
      {
        "outlet": "MarketWatch Top",
        "title": "Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce",
        "url": "https://urgent.news/2026/11/02/tech-stocks-have-made-big-v-shaped-rebounds-five-times-in-30-months",
        "published": "2026-11-02T09:47:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}