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Goldman Sachs Upgrades Novo Nordisk A/S (NVO) to Buy

July 1, 2009 8:57 AM EDT
NVO Hot Sheet
Rating Summary:
    2 Buy, 4 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Goldman Sachs upgrades Novo Nordisk A/S (NYSE: NVO) from Neutral to Buy, saying Levemir to benefit from Lantus safety fears after four studies were published showing the potential of increased cancer risk with Lantus. The firm said the negative press for Lantus will help sales of Novo's Levemir.

Novo Nordisk A/S, a healthcare company, engages in the discovery, development, manufacture, and marketing of pharmaceutical products.

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