Sell Chr. Hansen Ahead of Earnings Report, Carnegie Says, Cutting Price Target

• (PLX AI) - Chr. Hansen organic growth may surprise in its first quarter results, Carnegie said, but that is not enough to change the broker's sell recommendation on the stock.
• • Price target cut to DKK 500 from DKK 530
• • Organic growth may surprise in Q1 in the H&N Division and beat consensus, Carnegie said
• • However, a return to past momentum is unrealistic as long as China continues to underperform, the analysts said
• • Without another market taking China's place as a major growth contributor, future FC&E growth is likely to be smaller: Carnegie