Wednesday, 13 September 2023

Healthcare stocks surge; Moderna anticipates $10-15B annual sales boost by 2028

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UBS upgraded General Motors to a Buy rating (From Neutral) and raised their 12-month price target on the auto stock to $44.00 (From $41.00). This upgrade is grounded in GM's consistent performance amidst a highly uncertain and volatile economic landscape, notably maintaining an 8-10% GM North America (GMNA) EBIT-Adjusted margin.


Moderna (NASDAQ:MRNA) experienced a significant increase in value, gaining over 6% after announcing its expectation to add $10 billion to $15 billion in annual sales by 2028. This anticipated surge is tied to the introduction of new products targeting oncology, as well as rare and latent diseases.






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