Top of the street: SOBI, Sonova, BAT, Imperial Brands
BTI•Jefferies upgraded Sonova to hold from underperform and raised its price target 62% to CHF 275. Deutsche Bank cut SOBI to hold from buy, while JPMorgan reinstated coverage of BAT at overweight and Imperial Brands at neutral.
1. Broker recommendations
Jefferies upgraded Sonova to hold from underperform, citing better market conditions and encouraging early feedback on new products, and raised its price target 62% to CHF 275. Deutsche Bank cut SOBI to hold from buy, citing Ionis' lowered Tryngolza sales forecast. JPMorgan reinstated coverage of BAT with an overweight rating and a 5,300-pence price target, and Imperial Brands with a neutral rating and a 3,200-pence target.
