UBS lowered the firm’s price target on Alvotech (ALVO) to $6 from $10 and keeps a Buy rating on the shares. The firm is confident in the remediation plan outlined by Alvotech’s management and expects these approvals to occur by year-end 2026, the analyst tells investors in a research note. The firm believes the stock has largely reset after this sequence of negative developments, with expectations now meaningfully lower.
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