Morgan Stanley double upgraded Demant to Overweight from Underweight with a price target of DKK 320, up from DKK 268. The analyst sees current valuation levels as “extreme,” providing an attractive entry point on a stock with de-risked estimates, scope to improve margins and a potentially simpler, more focused portfolio.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WILYY:
- Demant upgraded to Hold from Reduce at Kepler Cheuvreux
- Demant price target lowered to DKK 319 from DKK 381 at JPMorgan
- Demant upgraded to Buy from Hold at SEB Equities
- Demant upgraded to Market Perform from Underperform at Handelsbanken
- Demant price target lowered to DKK 285 from DKK 373 at Deutsche Bank
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue