Sanofi up as Dupixent boosts Q2 and prompts 2024 outlook hike
** Shares in Sanofi SASY.PA rise 2.5% as the French pharma giant raises full-year profit guidance after Q2 was boosted by its blockbuster asthma drug Dupixent
** It now sees stable 2024 business EPS vs 2023, up from a previous forecast for it to drop in a low single-digit percentage
** Q2 business EPS was 1.73 euros ($1.87), beating a Vara consensus of 1.66 euros
** J.P.Morgan says results are strong, pointing to the guidance upgrade and Q2 beat
** "We envisage continued cons upgrades, driven by key growth driver Dupixent, plus new launch Beyfortus, together with a less pessimistic stance than cons on 2025 margin rebound," says Jefferies
** Jefferies adds that Sanofi's pipeline in Immunology is "underappreciated"
** The shares head for their best day in one month if gains hold
($1 = 0.9230 euros)
Reporting by Olivier Sorgho
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