GN Store Nord: UBS raises target price.
(CercleFinance.com) - UBS on Thursday maintained its "neutral" rating on GN Store Nord, while raising its target price to 162 Danish krona from 140 Danish krona previously.
The broker notes that the Danish headset and hearing aid maker's shares have been strong since December 2016, which UBS puts down to investors being optimistic ahead of GN's anticipated product launch, which could potentially occur in the first half of the year.
In addition, UBS points out that "pureplay" hearing aid peers, such as William Demant and Sonova, have also been re-rated.
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