Analysts dislike Note's CEO departure

Note's annual report that was released last week impresses the Nordic based Kaupting Bank which also predicts a bright future for the company. However the recent departure of Note's CEO Arne Forslund does not impress the bank. “There is no reason for the CEO replacement and as a consequence other key-executives could now also resign", says one analyst at Kaupting that lower its recommendation for Note's stock.