BofA upgraded GSK (GSK) to Neutral from Underperform with a price target of 2,000 GBp, up from 1,700 GBp. GSK has a busy and “contentious” FY26 with two launches – Blenrep and Depemokimab – and three key pipeline events, the analyst tells investors. These events all help shape a “narrative of growth” in the specialty business potentially being sufficient to offset the HIV patent cliff, the analyst added.
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