BofA raised the firm’s price target on Novo Nordisk (NVO) to DKK 340 from DKK 315 and keeps a Neutral rating on the shares. Many investors consider the CagriSema launch at the end of 2026 key to growth in FY27-28, but the firm is more cautious on it than consensus given concerns about limited differentiation and that Novo is losing critical mass to Eli Lilly (LLY), the analyst noted.
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