1258 GMT - AstraZeneca's drug pipeline is full and diversified, and the market reaction to the failure of its Wainua drug in a late-stage trial for a heart condition looks overdone, Berenberg analysts say in a research note. The U.K. drugmaker is on track for its 2030 revenue target and low expectations on upcoming trial results skew the risk-reward profile to the upside, the analysts say. Berenberg cuts its price target on AstraZeneca to 160 pounds from 170 pounds, citing the Wainua setback and a reduced premium on its research-and-development operations, but says the stock offers top-tier growth at an attractive valuation. Shares fall 1.3% to 126.68 pounds. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 08:58 ET (12:58 GMT)
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