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Novartis beat earnings estimates and raised revenue, but analyst opinions remain divided.
Novartis AG reported strong second-quarter earnings on July 17, posting $2.42 EPS, exceeding estimates by $0.04, and revenue of $14.05 billion, a 12.3% year-over-year increase.
The stock opened at $130.31 with a market cap of $275.27 billion and a P/E ratio of 18.97.
Institutional ownership remains at 13.12%.
Analyst ratings are mixed, with a MarketBeat consensus "hold" rating and a $120.33 average price target.
Some firms upgraded to "strong-buy" or "equal weight," while others maintained "sell" ratings.
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Novartis superó las estimaciones de ganancias y elevó los ingresos, pero las opiniones de los analistas siguen divididas.