Baader ups Nemetschek to 'buy' on signs of healthy Q4 demand
19/12/2024 08:07
** Baader Helvea upgrades German software developer
Nemetschek NEKG.DE to "buy" from "reduce" and raises its PT by
25% to 118, citing positive industry news flow with 2024 results
almost in the books
** Baader says the company is well on track to achieve FY
targets after its 9-month results, as positive industry news
flow suggests a healthy demand momentum in Q4
** It also points to Q3 beat and solid Q4 outlook of peer
Autodesk ADSK.O as positive signs
** Out of 23 analysts, six rate the stock "strong buy" or
"buy", 13 "hold" and four "strong sell" or "sell" - LSEG
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))