Novo Nordisk stock slides as broker cuts rating ahead of Feb. 4 earnings
Novo Nordisk shares fell 1.6% to 363.7 Danish crowns in Copenhagen after ABG Sundal Collier downgraded the stock to “hold” and cut its price target to 350 crowns. The move comes ahead of the company’s Feb. 4 earnings report, with analysts expecting a drop in quarterly operating profit to 31.47 billion crowns.