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Nexon Falls for the First Time in Three Days as Foreign Brokerage Cuts Target Price to 3,800 Yen
Nexon Co <3659> Fell for the First Time in Three Days. Morgan Stanley MUFG Securities Cut Its Target Price for the Company’s Shares to 3,800 Yen From 5,000 Yen on April 9, While Maintaining Its “Overweight” Rating.
The Brokerage Revised Down Its Earnings Forecast After the Company Withdrew Its Fiscal 2027 Guidance at a Capital Markets Briefing Held on March 31, Citing Delays in Game Titles and Reduced Pipeline Visibility. While Profit Growth Is Expected to Continue, the Brokerage Sees a More Gradual Growth Trajectory Due to Delays in New Title Releases.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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