Nexans : Reassuring news flow, CMD ahead, target price raised to € 150 from € 135
>Good news for Great Sea Interconnector (formerly EuroAsia) - While confirmation of the € 1.4bn project was still subject to the Cypriot government's financial arrangements, recent news flow is reassuring. When interim results were published, management delivered a reassuring message despite uncertainties, drawing back on potential contracts not yet included in the backlog. Following a preliminary agreement in early September, the project was recently confirmed with t...Nexans offers cables and cabling systems for the Infrastructure, Industry, Building and Local Area Network markets. Co.'s offering covers the research, design, manufacturing, installation, training, and network supervision and control. Co. operates under three segments: Energy (power cables for energy infrastructures, special cables for industry, and equipment cables for the building market), Telecom (cables for private telecommunications networks, junction components for telecommunications network cables, and copper and optical fiber cables for public telecommunications networks) and Electrical wires (wirerods, electrical wires and winding wires production operations).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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