Nacon: Invest securities remains Buy on the stock

(CercleFinance.com) - The analyst believes that Nacon's 2nd quarter performance is reassuring and well above expectations.


However, we continue to believe that repeated editorial failures should lead the group to thoroughly review its strategy and business model in order to return to a positive FCF', says Invest securities.

The performance of the back catalog, which remains as solid as ever, also supports our view that there is significant asset value at Nacon, which will fuel speculative interest, bearing in mind that the shareholder situation will inevitably have to change with the Bigben CB expiring in February 2026' adds the research firm.

While the analyst awaits the half-yearly results at the end of November to adjust his estimates, he reiterates his price target of 1.9E, as well as his Buy opinion, which is based above all on speculative interest.

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