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@ Layer3.news
2025-05-22 18:12:09
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BMO CAPITAL MAINTAINS CAUTIOUS OUTLOOK ON NOVO NORDISK AMID CEO TRANSITION
https://media.zenfs.com/en/insidermonkey.com/43bf23345f4a2722434737f4333e06f5
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✍️ BMO Capital Markets reaffirms its "Market Perform" rating and $64.00 price target for Novo Nordisk A/S after the announcement of a CEO transition, citing concerns over competitive pressures and shareholder demands.
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👉 Novo Nordisk removed CEO Lars Fruergaard Jorgensen
👉 CEO transition is seen as a response to competitive pressures and shareholder demands
👉 Analysts warn that without a strategic shift, challenges may persist
👉 BMO Capital remains skeptical about the near-term impact of the CEO transition
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#LarsFruergaardJorgensen #business
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