1150 GMT - Novo Nordisk shares have continued to be punished on lower near-term growth expectations, but risk-off sentiment seems overdone with key events coming up in the near-term, Deutsche Bank analyst Emmanuel Papadakis writes. The Danish pharmaceutical company is expected to soon announce results from a study into its semaglutide drug on Alzheimer's disease and launch its Wegovy weight-loss pill, among other things. While acknowledging that momentum is extremely challenging and there may be more downside to come, Deutsche Bank thinks the risk-reward calculus is disproportionate at present levels. It lowers its share target price to 475 Danish kroner from 600 kroner but retains its buy rating. Shares rise 2.6% to 302.30 kroner. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
November 11, 2025 06:50 ET (11:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.