Sanofi upped to hold at Deutsche Bank as Zantac fears make a sell 'egregious'

Sanofi /zigman2/quotes/201967021/composite SNY +1.00% /zigman2/quotes/206928357/delayed FR:SAN -0.39% was upgraded to hold from sell at Deutsche Bank, after the heavy selling over the previous two days on worries about Zantac heartburn medication litigation. The first trial is set to begin on Aug. 22. "We think the Zantac knee-jerk is starting to look somewhat overdone. This doesn't make for an obvious buying opportunity in our view, but maintaining a sell at these levels feels egregious," said analyst Emmanuel Papadakis. Of companies also impacted by Zantac worries, GSK /zigman2/quotes/200381158/delayed UK:GSK -0.99% /zigman2/quotes/209463850/composite GSK -0.50% climbed 2.5% in early London action while Haleon /zigman2/quotes/236012088/delayed UK:HLN -0.12% /zigman2/quotes/236893150/composite HLN +0.58% slipped a further 0.3%.

/zigman2/quotes/201967021/composite

Add to watchlist SNY

Sanofi ADR

US : U.S.: Nasdaq

$ 47.65

+0.47 +1.00%

Volume: 1.49M

Nov. 27, 2023 4:00p

P/E Ratio

13.36

Dividend Yield

2.89%

Market Cap

$118.74 billion

Rev. per Employee

$494,994

/zigman2/quotes/206928357/delayed

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Sanofi S.A.

FR : France: Euronext Paris

€ 86.29

-0.34 -0.39%

Volume: 114,308

Nov. 28, 2023 10:20a

P/E Ratio

12.58

Dividend Yield

4.13%

Market Cap

€108.54 billion

Rev. per Employee

€473,873

/zigman2/quotes/200381158/delayed

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GSK PLC

UK : U.K.: London

1,400.20 p

-14.00 -0.99%

Volume: 286,851

Nov. 28, 2023 9:21a

P/E Ratio

9.44

Dividend Yield

4.04%

Market Cap

£57.92 billion

Rev. per Employee

£427,262

/zigman2/quotes/209463850/composite

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GSK PLC ADR

US : U.S.: NYSE

$ 35.63

-0.18 -0.50%

Volume: 2.30M

Nov. 27, 2023 4:00p

P/E Ratio

9.79

Dividend Yield

3.84%

Market Cap

$73.05 billion

Rev. per Employee

$524,393

/zigman2/quotes/236012088/delayed

Add to watchlist UK:HLN

Haleon PLC

UK : U.K.: London

£ 334.20

-0.40 -0.12%

Volume: 549,921

Nov. 28, 2023 9:21a

P/E Ratio

27.94

Dividend Yield

0.01%

Market Cap

£30.71 billion

Rev. per Employee

N/A

/zigman2/quotes/236893150/composite

Add to watchlist HLN

Haleon PLC ADR

US : U.S.: NYSE

$ 8.62

+0.05 +0.58%

Volume: 3.56M

Nov. 27, 2023 4:00p

P/E Ratio

30.00

Dividend Yield

1.21%

Market Cap

$38.74 billion

Rev. per Employee

N/A