Nexans: share price falls, Barclays adopts a cautious stance
At around 3.30pm, the share price was down 2.3%, compared with a 0.8% gain for the SBF at the same time.
The British bank explains that the cable manufacturer's difficulty in generating cash, the weakness of its order intake in high-voltage products, the weight of its oldest contracts, and the uncertainties surrounding its restructuring and external growth have prompted it to adopt a cautious stance on the stock for the time being.
Its target price stands at 94 euros.
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