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Monday, January 28, 2019

Novozymes upgraded to Neutral from Sell at Goldman Sachs


Goldman Sachs analyst Fulvio Cazzol upgraded Novozymes to Neutral while lowering his price target for the shares to DKK 279 from DKK 300. The analyst believes the company’s risk/reward is more balanced following its 2019 organic growth guidance of 3%-6%. He says expectations have been rebased.

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