Nexans climbs more than 6% with the support of Oddo BHF, which upgrades its opinion from 'neutral' to 'outperform' with a price target raised from 95 to 115 euros, highlighting enhanced visibility for the cable manufacturer.

Among the new factors justifying its change of opinion, the analyst mentions the recent announcement of an acquisition in Italy, which he believes will have an accretive impact, and 'a consensus that is still extremely conservative, and which should be revised upwards'.

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