Novo Nordisk is blessed with an extremely promising growth outlook, according to TD Cowen.
NVO YTD mountain Novo Nordisk YTD chart Novo Nordisk is one of the largest makers of glucagon-like peptide 1 drugs used to treat both diabetes and obesity.
"The company's merits have been widely recognized, and its shares have outperformed, but we believe there is more gas in the tank," the TD Cowen analyst wrote.
For one, the analyst expects Novo's strong revenue and earnings growth to outpace its peers, especially as the company benefits from global GLP-1 supply constraints.
"We are optimistic for favorable outcomes on all fronts," the analyst wrote.
Persons:
TD Cowen, Michael Nedelcovych's, Cowen, Nedelcovych, Novo's, NASH, — CNBC's Michael Bloom
Organizations:
Novo Nordisk, Nordisk, Novo, European Union
Locations:
Danish, Novo