Nexans: UBS initiates coverage as buyer

(CercleFinance.com) - UBS initiates coverage of Nexans with a 'buy' rating and a target price of E145, pointing to a recovery in high-voltage margins expected by 2027 and the steepest valuation discount to peers in a decade.


In comparison, the broker is has a 'neutral' rating on its Italian peer Prysmian, with a target price of E70, preferring to wait for the Investor Day on 26 March for potential new targets for 2028.


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