Roche raises its outlook as momentum lasts after Q3 stronger baseBUY-Top Picks, Fair Value CHF327 (+29%)
Roche posted a solid quarter that came in about CHF100m above expectations, driven by Perjeta and Mircera in the Pharmaceutical division. Both divisions grew 6% CER. Outlook for revenue growth in 2015 is raised to mid-single digit although this should not drive meaningful CS revisions. In conclusion, slightly better than expected figures in Q3 but limited impact on CS numbers to be expected.
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