Jyske Bank questions Demant's continued momentum
With increasing competition in the hearing aid market, Jyske Bank analyst Janne Vincent Kjær does not expect Demant to continue its strong momentum into 2024.
by marketwire
Demant has had its recommendation downgraded to ”sell” from ”hold” by Danish bank Jyske Bank, which believes that the pricing has not kept up with the increase the share has seen since the beginning of 2023. As a result, the bank is now urging investors to ”pull the plug” on the share, according to analyst Janne Vincent Kjær.
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