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Sanofi reports strong earnings, despite major investors reducing stakes and a stock downgrade.
Several major investors have adjusted their stakes in Sanofi, a healthcare company, with reductions from Raleigh Capital Management and Global Trust Asset Management.
Despite a stock downgrade by StockNews.com to a "hold" rating, Sanofi reported strong earnings of $1.57 per share, beating analyst expectations by $1.35, and a 12.3% revenue increase to $13.44 billion.
The stock maintains a "Moderate Buy" consensus rating with a $57.50 target price.
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Sanofi reporta fuertes ganancias, a pesar de que los principales inversores reducen las apuestas y bajan la calificación de las acciones.