Bryan Garnier - Novo Nordisk (novob) NOVO NORDISK: CMD: deep dive in what we knew and no real breaking news | SELL | DKK617

Report

Bryan Garnier

Jean-Jacques Le Fur

NOVO NORDISK: CMD: deep dive in what we knew and no real breaking news | SELL | DKK617

NOVO NORDISK - SELL | DKK617
CMD: deep dive in what we knew and no real breaking news

Diabetes: focus on GLP-1
Obesity, the other key growth engine but with some hurdles
Financials
Always difficult to justify existing valuation

04/03/2022 1 EN

Underlying

Novo Nordisk

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Jean-Jacques Le Fur

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NOVO NORDISK: CMD: deep dive in what we knew and no real breaking news | SELL | DKK617

Novo - Negative Mix A Major Concern (SELL, TP DKK350, 15pgs)

MFN Drug Pricing - Impact and Implementation (Thematic, 5pgs)

Novo - Worrying Times (SELL, TP DKK350 [460], 13pgs)

Eutelsat: EUR1.35bn raise and step towards becoming a strategic French asset

Camurus: CAM2029 Ph2/3 in PLD met primary endpoint, follow up Ph3 TBD

Medincell FY24: Uzedy TRx growth momentum; Runway to profitability

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