NuWays Maintains Hold on Indus Holding With EUR 41 Price Target
Bitget2026/10/29 08:00- NuWays maintained its Hold rating on Indus Holding in an October 29, 2026, report, keeping its 12-month price target at EUR 41.
- Ahead of November 12 results, NuWays forecasts third-quarter 2026 sales rising 20.2% to EUR 526 million.
- Adjusted EBITA is projected to rise 49.5% to EUR 72 million, driven mainly by BETEK's tungsten-related gains.
- For full-year 2026, NuWays forecasts sales of EUR 2.03 billion, with adjusted EBITA of EUR 247 million.
- The firm slightly raised sales and adjusted EBITA estimates from 2027 to reflect portfolio changes, identifying acquisitions as the next catalyst.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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