RBC upgrades Lonza to Outperform, sees ‘higher-quality business’

As previously reported, RBC Capital analyst Charles Weston upgraded Lonza (LZAGY) to Outperform from Sector Perform with a price target of CHF 670, up from CHF 630. Lonza’s growth “algorithm” is now being demonstrated with the variability and disruption over the last five years is finished, says the analyst, who sees “a higher-quality business than in 2019, with higher-quality management and higher-quality communication.”