Nexans: Jefferies remains Buy after a meeting

(CercleFinance.com) - Jefferies confirms its Buy recommendation on the share with an unchanged target price of E132 following a management roadshow.


The analyst provides an update on the share after a meeting with Nexans' CEO, CFO and head of investor relations.

The analyst highlights 'the overall confident tone from management, across all divisions, with useful progress on the Great Sea Interconnector project in G&T, a still favorable context in distribution and stable pricing despite a still weak construction environment'.

M&A and divestments also continue to be a priority', says Jefferies.

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