- (PLX AI) - Danske is likely to postpone its ROE target in connection with the third-quarter report, Nordea said, downgrading the rival bank's stock to sell from hold.
- • Danske currently targets an ROE of 9-10% by 2023
- • The bank is likely to move this target to 2025, Nordea predicted
- • The market is not likely to take a positive view of adding two years to the timetable, Nordea said
- • Price target of DKK 100 implies 9% downside
- • Danske shares traded down more than 3% at the open