Stock up 3.33% (Il Sole 24 Ore Radiocor) - Copenhagen , 21 Aug - Shares of the Danish hearing aid retailer Demant were higher in trade on the Copenhagen stock exchange, after Morgan Stanley raised its recommendation on the stock to "overweight" from "underweight" and lifted the target price to 320 crowns from 268.

At 0955 GMT, Demant shares were up 3.33% to 279.00 crowns.

Morgan Stanley attributed the upgrade to a number of factors, including the significant fall in Demant's share price since March 2024; an expected acceleration of growth in 2025 due to easier comparables and the company's success in the veteran's affairs channel, where its market share increased to 19% in July 2024 from 16% in January 2023.

AAA-Hob

(RADIOCOR) 21-08-24 12:03:43 (0231) 5 NNNN