Chr. Hansen: shares fall after UBS downgrade
(CercleFinance.com) - Chr.
Hansen shares are currently down 1.2% at 630.8 Danish kronor on the OMX Nasdaq on Thursday, after UBS downgraded the stock from "buy" to "neutral".
The broker said it downgraded the Danish food ingredients maker after its strong share price performance and a significant improvement in sentiment towards the group's second generation of bioprotection cultures.
However, note that UBS has actually raised its target price for the share from 615 Danish kronor to 635 Danish kronor.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Hansen shares are currently down 1.2% at 630.8 Danish kronor on the OMX Nasdaq on Thursday, after UBS downgraded the stock from "buy" to "neutral".
The broker said it downgraded the Danish food ingredients maker after its strong share price performance and a significant improvement in sentiment towards the group's second generation of bioprotection cultures.
However, note that UBS has actually raised its target price for the share from 615 Danish kronor to 635 Danish kronor.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.