US institution changes share price target for three big Danish drugmakers

Three of Denmark’s biggest life science firms, Novo Nordisk, Lundbeck and Genmab, have had their share price target adjusted by a private wealth manager in the US.

Photo: Jens Dresling

US-based private wealth manager Bernstein has taken stock of three large Danish drugmakers – Novo Nordisk, Lundbeck and Genmab – resulting in share price target changes for all three, Bloomberg News reports.

Bernstein has increased Novo Nordisk’s target to DKK 800 from DKK 750 (USD 117 from 109), labeling the stock ”outperform.”

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