Jefferies analyst Michael Toomey downgraded Demant to Hold from Buy with a price target of DKK 205, down from DKK 285. The analyst is more cautious about market growth and adjusted EBIT margin expansion in 2023 and forecasts higher finance costs versus consensus expectations.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on WILYY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue