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Canandaigua National Bank cut its Novo Nordisk holdings by 66%, but analysts maintain a strong buy rating.
Canandaigua National Bank & Trust Co. reduced its holdings in pharmaceutical company Novo Nordisk A/S by 66%, selling 8,296 shares in the first quarter.
Despite the reduction, analysts still expect Novo Nordisk to post 3.84 earnings per share for the year and have a strong buy rating.
The company has a market capitalization of $308.35 billion and a price-to-earnings ratio of 20.43.
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Canandaigua National Bank redujo sus tenencias de Novo Nordisk en un 66%, pero los analistas mantienen una fuerte calificación de compra.