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Nordex price target lowered to EUR 18 from EUR 19 at Jefferies

Nordex price target lowered to EUR 18 from EUR 19 at Jefferies

Jefferies lowered the firm’s price target on Nordex (NRDXF) to EUR 18 from EUR 19 and keeps a Buy rating on the shares following a “solid print” in Q3, management anticipating a strong Q4, “good visibility” into FY25, as well as an elevated cash position. The firm remains constructive on Nordex.

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