NuWays AG Recommends 'BUY' for Nabaltec AG with New Price Target of €18
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NuWays AG has issued a research report recommending a 'BUY' for Nabaltec AG, with a new price target of €18, down from €24. This adjustment follows Nabaltec's preliminary Q2 results and a reduced FY25 sales forecast, projecting a 1-2% decline due to foreign exchange impacts and lower demand in industrial and automotive sectors. Despite these challenges, Nabaltec maintains its FY EBIT margin guidance at 7-9%, aided by improved material costs. The company is expected to benefit from growing demand for ATH and potential opportunities in European battery cell production from 2026.
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