Health Care Roundup: Market Talk
The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0650 GMT – Roche Holding’s third-quarter sales update was underwhelming and consensus earnings estimates still look high for both this year and next, Deutsche Bank Research analyst Emmanuel Papadakis says in a research note. There are few reasons to believe the Swiss pharmaceutical giant’s stock underperformance will reverse anytime soon and clinical-trial updates due in the near term look unlikely to change that, DB Research says. “Whilst the market reaction was somewhat severe, that reflects a red tape and the reality is that the guidance update—or rather, lack thereof—was unhelpful and the story remains in a tough spot from which it appears there are f...
