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Stock Market Today – Recommendations from Top Brokers

-Citi on Gland Pharma (CMP: 1878)

Maintain sell, target 1920

Announced the acquisition of Cenexi for 230 million euros

While acquisitions expand the addressable market and add manufacturers. ability,

How the two businesses will complement each other and create synergies has yet to be clarified

– Goldman Sachs on Gland Pharma (CMP: 1878)

Maintain buy, target 2530

announced the acquisition of Cenexi;

According to management, the acquisition will help expand Gland’s CDMO offerings in the EU market

US/Core Market Buy Pickup in RoW and Sales in India

Increase production/utilization of its critical facilities

– Morgan Stanley Gland Pharma (CMP: 1878)

Maintain overweight, target 2558

Transaction to be funded using net cash on Glands’ balance sheet

The deal appears to be complementary to the gland in terms of EU market access,

Branded pharma customer base and some technology

Check the meaningful value unlock range, subject to collaborative execution

– Nomura on Gland Pharma (CMP: 1878)

Maintain neutral, target 2236

(Disclaimer: The opinions/advice/recommendations expressed in this article are those of investment experts only. Zee Business advises its readers to consult their investment advisors before making any financial decisions.)

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