Nacon: Invest Securities cuts its target price

(CercleFinance.com) - Invest Securities maintains its buy rating on Nacon shares, with a price target slightly reduced from 1.
8 to 1.6 euros.

Q3 24/25 performance is disappointing, and Q4 24/25 is unlikely to make up for Q3 underperformance, despite the expected improvement", the analyst points out.

Invest Securities reports that the profit warning was expected (and has already been incorporated by us), but reduces 'again slightly our more cautious expectations than the consensus', it says.

'Hopes are once again shifted to next fiscal year, and in this logic, the success of Hell is Us will be paramount', concludes the broker.

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