Munich Re Slides, Kingspan Slumps, Novo Nordisk Gains
On this episode of Stock Movers:- Munich Re shares dropped as much as 6.9%, the most since April, after the firm cut its insurance revenue guidance for the full year, missing the average analyst estimate.- Kingspan dropped as much as 6.2% following its results. The building materials company forecast trading profit for the full year of about EU950 million, below estimates of EU983.8 million.- Novo Nordisk advanced as much as 4.6% after Intron Health upgraded its rating to hold from sell. The research firm sees the narrative probably being dominated by the potential upside for the Danish…
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