Novartis AG (NYSE:NVS) is included among the 12 Best European Dividend Stocks to Buy Now.
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On October 31, Morgan Stanley upgraded Novartis AG (NYSE:NVS) to Overweight from Equal Weight, raising its price target to CHF 110 from CHF 108, as reported by The Fly. The firm cited an attractive valuation following the recent market sell-off. The analyst noted that Novartis is improving its portfolio mix ahead of the upcoming Rhapsido launch. While Morgan Stanley expects modest growth in 2026, it anticipates acceleration starting in 2027.
In the third quarter of 2025, Novartis AG (NYSE:NVS) reported revenue of $13.9 billion, up 8% from the same period last year. Free cash flow for Q3 reached $6.2 billion, a 4% increase, supported by stronger net cash from operating activities. Operating income rose 24% to $4.5 billion, driven by higher sales and lower impairments, partially offset by increased R&D spending. Net income increased 23% to $3.9 billion, primarily due to higher operating income.
Looking ahead, Novartis AG (NYSE:NVS) reaffirmed its 2025 guidance, expecting high single-digit sales growth and low-teen growth in core operating income. The company is addressing pipeline challenges as three major drugs, including its blockbuster heart medication Entresto, face generic competition this year. To counter these pressures, Novartis is expanding into cancer and autoimmune therapies and accelerating acquisitions.
Novartis AG (NYSE:NVS) is an innovative medicines company that discovers, develops, and manufactures treatments designed to improve and extend lives while tackling serious diseases.
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