UBS initiated coverage of Demant with a Buy rating and DKK 320 price target. Demant trades at 6-times its historic discount to close peer Sonova, “implying a broken business model,” the analyst tells investors in a research note. But UBS’s analysis “shows this is far from the case.”
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- Demant upgraded to Hold from Underperform at Jefferies
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- Demant price target lowered to DKK 319 from DKK 381 at JPMorgan