Bank sees increasing likelihood of third Novo Nordisk upgrade

In a new memo, Citi bank concludes that there is a good chance that Novo Nordisk will upgrade its financial guidance again in November, based on sales of obesity drug Wegovy.

Photo: Novo Nordisk / PR

US-based bank Citi assesses that it is increasingly likely that Novo Nordisk will upgrade its financial guidance for the third time this year in connection with its Q3 report, which will be released at the start of November.

The bank concluded this after a meeting with Novo's CFO, Karsten Munk Knudsen. Citi's "buy" recommendation with a target price of DKK 780 (USD 123) remains unchanged.

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