Nexans: Jefferies raises target price
(CercleFinance.com) - On Tuesday Jefferies raised its target price for Nexans shares from E128 to E132, while maintaining its buy recommendation on the stock.
In a study devoted to the sector, the US broker raised its 2025/2026 operating profit forecasts for the cable manufacturer by around 3%.
The broker points to the improved performance of the Connect and Industry businesses, which it believes more than compensates for weak margins in the Grids division.
While the broker believes that the Nexans' overall performance remains solid, it highlights the importance of the successful completion of the electricity interconnection contract between Greece and Cyprus, given its impact on the company's results this year.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.
In a study devoted to the sector, the US broker raised its 2025/2026 operating profit forecasts for the cable manufacturer by around 3%.
The broker points to the improved performance of the Connect and Industry businesses, which it believes more than compensates for weak margins in the Grids division.
While the broker believes that the Nexans' overall performance remains solid, it highlights the importance of the successful completion of the electricity interconnection contract between Greece and Cyprus, given its impact on the company's results this year.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.