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Deutsche Bank Shifts Novartis From Hold to Sell in Q3 Review
The downgrade came as the bank reviewed Novartis’ third-quarter 2026 results.

Deutsche Bank shifted its Novartis recommendation to Sell, replacing Hold, on Friday, Oct. 30, as it reviewed the Swiss drugmaker’s third-quarter 2026 results.
The rating decision was part of Deutsche Bank’s review of the company’s Q3 results.