NEXON Co’s Promising Growth and Shareholder Returns Drive Buy Rating
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NEXON Co has received a Buy rating from Morgan Stanley analyst Seyon Park, who set a price target of Yen4,000. The upgrade is attributed to NEXON's promising growth, driven by the success of the game ARC Raiders and the anticipated boost from the FIFA World Cup for FC Online. The company has also increased dividends and executed a share buyback, resulting in a 5% total shareholder return. With attractive financial metrics and upward revisions in profit forecasts, the outlook for NEXON's stock remains positive.
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