DNB Down 2% After Carnegie Cuts Recommendation to Hold

• (PLX AI) - DNB shares fell more than 2% after Carnegie downgraded the stock to hold from buy.
• • DNB's premium valuation to peers is at a historical high, with limited potential for further multiple expansion, Carnegie said
• • Price target raised to NOK 222 from NOK 205 at Carnegie
• • Price target raised to NOK 234 from NOK 224 at SEB, which left its buy rating unchanged
• • NOTE: DNB posted record Q3 earnings yesterday, with a beat on EPS and net interest income