BMO Capital Maintains Outperform on Novo Nordisk, Lowers Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Evan David Seigerman maintains an Outperform rating on Novo Nordisk (NYSE:NVO) but lowers the price target from $160 to $156.
October 17, 2024 | 1:57 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Novo Nordisk but lowers the price target from $160 to $156, indicating a slight decrease in expected stock performance.
The Outperform rating suggests continued confidence in Novo Nordisk's performance, but the lowered price target indicates a slight reduction in expected growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100