Despite insulin pricing pressure, Sanofi's focus on steady business lines drives long-term growth.
Sanofi reported second-quarter results largely in line with our expectations, and we don’t expect any major changes to our fair value estimate. We continue to view the stock as undervalued, with the investment community probably focusing too much on the negative headwinds surrounding Sanofi's diabetes position while not giving the company enough credit for its strength in other divisions, including rare diseases, vaccines, and consumer healthcare. These strong divisions along with a developing p...
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