HSBC analyst Shubhangi Gupta downgraded Demant to Hold from Buy with a price target of DKK 215, down from DKK 220. The analyst views the shares as fairly valued amid the "weak" hearing care and communications businesses as well as over-the-counter regulation. The firm sees limited upside potential for a re-rating of the shares.
Published first on TheFly
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Read More on WILLF:
- Demant price target raised to DKK 248 from DKK 233 at JPMorgan
- Demant price target raised to DKK 180 from DKK 175 at Barclays
- Demant upgraded to Buy from Hold at Danske Bank
- Demant upgraded to Outperform from Market Perform at Handelsbanken
- Demant downgraded to Neutral from Outperform at Exane BNP Paribas
