Nordex price target raised to EUR 17 from EUR 15 at Jefferies

Jefferies analyst Constantin Hesse raised the firm’s price target on Nordex to EUR 17 from EUR 15 and keeps a Buy rating on the shares after the company reported “a solid sequential improvement in profitability” in Q2. Record installations planned for Q3 and Q4, combined with a better quality backlog, should support expectations of sequential margin improvement, the analyst tells investors.