Danske Bank: Acquisition of Icelandic wound care company will boost sales at Coloplast

However, the Danish bank sees less share price potential in the Coloplast stock than before.

by marketwire

Danske Bank has lowered its share price target for Coloplast to DKK 935 (USD 134.23) from DKK 1030 (USD 149.16), citing higher weighted average cost of capital and a larger number of shares after the almost DKK 9bn (USD 1.29bn) acquisition of the Icelandic wound care company Kerecis.

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