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Genmab upgraded to Neutral from Underperform at Exane BNP Paribas

Genmab upgraded to Neutral from Underperform at Exane BNP Paribas

Exane BNP Paribas upgraded Genmab (GMAB) to Neutral from Underperform with a DKK 1,500 price target. The firm sees a “reasonable” valuation at current share levels and views the upcoming CagriSema readout from Novo Nordisk (NVO) as a “positively skewed catalyst.”

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