BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch initiates Biocon with buy
Bank of America Merrill Lynch has initiated coverage on Biocon with a "buy" call for a target price of Rs 1,100. Biocon is a strong proxy to disruptive global biosimilar opportunity, the brokerage said. We see significant cost savings in developed markets, catalysts could drive re-rating in the near term, the brokerage added.