UBS has upgraded its recommendation on Sanofi shares from neutral to buy, with a target price of E110 (up from E100), representing a potential upside of 16% from the current price.

The analyst highlights the superior sector growth and discounted valuation of the stock.

According to the healthcare group, recently launched or soon-to-be-launched pharmaceutical assets should generate more than €10 billion in annual sales by 2030, to which will be added solid growth from Dupixent and vaccines.

' Sanofi has raised its expectations for Dupixent and the assets that could replace Dupixent sales in the future,' said UBS.

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