Analysts upgrade share price targets for Bavarian after run of good news

The Bavarian Nordic share price continues to rise on Thursday on account of new targets that predict a big upside for the stock.

Photo: Philip Davali/Ekstra Bladet, Philip Davali

After the Danish government announced plans to support Bavarian Nordic’s vaccine candidate with DKK 800m (USD 128m) in financial aid in mid-August, the company's share price has gone up by 33 percent. The company has therefore cemented its place as the C25 index's winning stock this year with returns of about 85 percent, writes Danish business daily Børsen.

On Wednesday, the state funding was followed by positive results from Bavarian Nordic's RSV vaccine candidate. On Thursday, the company was rewarded by analysts raising the share price target.

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