Nexans: Stifel initiates 'hold' coverage
(CercleFinance.com) - Stifel announced on Wednesday that it had initiated coverage of Nexans shares with a 'hold' recommendation and a price target of 123.
1 euros.
In a study devoted to cable manufacturers, the analyst believes that the French group, like its Italian competitor Prysmian, are clear beneficiaries of the global trend towards electrification.
Stifel prefers Prysmian to Nexans, believing that the latter offers less earnings volatility due to a more diversified order book and exposure to more attractive markets, at what he considers to be a 'reasonable' premium.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
1 euros.
In a study devoted to cable manufacturers, the analyst believes that the French group, like its Italian competitor Prysmian, are clear beneficiaries of the global trend towards electrification.
Stifel prefers Prysmian to Nexans, believing that the latter offers less earnings volatility due to a more diversified order book and exposure to more attractive markets, at what he considers to be a 'reasonable' premium.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.