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02 Oct 2025
Non material data changes
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Non material data changes
- Published:
02 Oct 2025 -
Author:
Lim Joan JL | Tang Nicola NT -
Pages:
9 -
We have adjusted our estimates with small downgrades driven by lower margin assumptions on FX headwinds and incremental investments. We lower our target price to DKK376 from DKK380 and leave our ADR target price unchanged at USD59.
We do not consider the changes to be material; our rating is unchanged.