Morgan Stanley analyst Terence Tsui upgraded Demant (WILLF – Research Report) to a Buy yesterday and set a price target of DKK335.00. The company’s shares closed last Thursday at $38.23.

According to TipRanks, Tsui is a 3-star analyst with an average return of 3.5% and a 57.58% success rate. Tsui covers the Communication Services sector, focusing on stocks such as BT Group plc, Tele2 AB, and Telenor.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Demant with a $43.78 average price target, representing a 14.52% upside. In a report released today, Kepler Capital also upgraded the stock to a Buy with a DKK315.00 price target.

Based on Demant’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $11.33 billion and a net profit of $1.18 billion. In comparison, last year the company earned a revenue of $11.35 billion and had a net profit of $1.21 billion