Danske Bank price target raised to DKK 355 from DKK 345 at Jefferies

Jefferies raised the firm’s price target on Danske Bank (DNKEY) to DKK 355 from DKK 345 and keeps a Hold rating on the shares. While conditions for a Swedish recovery remain in place, ongoing uncertainty is likely to weigh on near-term growth and household consumption, the analyst tells investors in a research note. The firm added that it continues to see better value elsewhere in EU banks, as the Nordic banks continue to trade at a premium to the sector on less attractive fundamentals.