Clover health #CLOV
Buy Novo Nordisk Stock as Health Names Return to Favor, Analyst Says
Certain healthcare stocks, including Novo Nordisk, might return to favor as the market shoulders its way past concerns over tariffs and drug pricing, HSBC said Wednesday.Analyst Rajesh Kumar upgraded shares of Novo Nordisk to Buy from Hold, citing an "improved competitive position in the next generation portfolio." The call came as the bank listed the pharma stocks it sees as best positioned to play a recovery in the sector.The Danish maker of the blockbuster diabetes and obesity drugs Ozempic and Wegovy is a "fallen angel" -- a former market darling that has fallen out of favor but is due to turn a corner, Kumar said.Earlier this week, pharma stocks had their best day in months after Pfizer and the president unveiled a deal in which Pfizer will offer drugs directly to consumers at lower prices via a government website, among other concessions on pricing. The agreement appeared unlikely to mean financial damage for the company and raised hope that drug manu
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