Novo Nordisk: The Contrarian’s Curious Case

On one hand, there’s Wegovy, their obesity drug that has taken off faster than a rocket powered by collective societal guilt over holiday feasting. On the other, they’re fending off competitors and third-party compounders who seem determined to nibble away at their market share like squirrels raiding a picnic basket. And yet, on Wednesday, something peculiar happened: an analyst upgraded his recommendation on the stock-not to “buy,” mind you, but from “underperform” to “neutral.” This modest bump was enough to send shares soaring 2% higher, leaving the S&P 500’s paltry 0.3% gain looking like a tortoise trying to race a hare.







