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AstraZeneca PLC (AZN) has not only bounced after COVID-19 sell-off but is also now posting new highs. Few doubt that AZN has a number of strong new medicines and a good pipeline, but we are bearish on the stock as we believe this future growth is well priced in. We see more downside risk to the stock, especially if the general market sentiment turns negative again. The stock dipped below $38 mid-March which represents about 30% from current levels. Given several other much more attractive names in the sector, we rate AZN a