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UBS upgrades Straumann to Buy, sees 23% upside to CHF 115

Verifying
  • UBS upgraded Straumann to Buy from Neutral after five years of cautious ratings.
  • UBS raised Straumann's target to CHF 115 from CHF 90, implying 23% upside.
  • Straumann's next VBP round is expected to reduce prices by 10% to 15%.
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