AstraZeneca shares down 3% after rating cut, UK investment pause
AstraZeneca shares down 3% after rating cut, UK investment pause
Published by Global Banking and Finance Review
Posted on September 15, 2025
Published by Global Banking and Finance Review
Posted on September 15, 2025
By Maggie Fick and Danilo Masoni
LONDON (Reuters) -AstraZeneca shares fell as much as 3.4% on Monday, their steepest drop since May, after Handelsbanken cut its rating on the drugmaker and Reuters reported the company had paused a major investment in its home market.
The Anglo-Swedish pharmaceutical group's stock underperformed the broader European healthcare index, which was down less than 1% at 11 GMT. Handelsbanken lowered its recommendation on AstraZeneca to "hold" from "buy", citing what it sees as an overly optimistic target of $80 billion in total revenue by 2030.
Britain's biggest listed company became the latest drugmaker to pull back on its business in the country after it paused a planned 200 million pound ($272.12 million) investment in its Cambridge research centre, a spokesperson told Reuters late on Friday. The move comes as a blow to Prime Minister Keir Starmer's government ahead of U.S. President Donald Trump's state visit to Britain this week.
Shares were down 2.7% at 1100 GMT.
AstraZeneca, which has a robust drug pipeline of blockbuster cancer medicines, did not immediately respond to a request for comment.
($1 = 0.7350 pounds)
(Reporting by Maggie Fick and Danilo Masoni, Editing by Louise Heavens)