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NN Group upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded NN Group (NNGRY) to Overweight from Neutral with a price target of EUR 70, up from EUR 52. The firm sees the company as offering better earnings and valuation potential than ASR. NN’s recent capital markets day suggested a more diversified and stronger growth outlook than previously factored in, the analyst tells investors in a research note.

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