Goldman Sachs analyst Keyur Parekh reinstated coverage of Sanofi with a Buy rating and EUR 134 price target. The company’s pipeline story remains early and a bit of a "show me" story, the base business execution over the last few years "cannot be faulted," Parekh tells investors in a research note. The analyst says Dupixent continues to deliver meaningful growth and upside relative to consensus expectations. Parekh continues to see Sanofi delivering "superior execution both on the top line and the bottom line."
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