Berenberg announced on Thursday that it had raised its price target for Nexans from 108 to 112 euros, while renewing its buy recommendation on the stock.

In a research note published this morning, the financial intermediary believes that the French group could well exceed its annual targets, unveiled last week, thanks to the strength of its low-voltage cable business.

With regard to the acquisition of La Triveneta Cavi, the German analyst specifies that he prefers to await the regulatory approvals required to finalize the operation before revising his earnings forecasts for the group.

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