Stifel sees Prysmian, Nexans as 'clear beneficiaries' of higher electrical cable demand
** Stifel sees cable makers Prysmian PRY.MI and Nexans NEXS.PA as "clear beneficiaries" of higher electrical cable demand corresponding to global electrification trend
** It resumes coverage of Italy's Prysmian at "buy", citing clear visibility and diversification in its backlog; says its investments in recent years in the high-voltage segment have doubled its manufacturing and installation capacity
** The brokerage initiates France's Nexans at "hold", saying its backlog is less diversified and has less forward-looking visibility
** Nexans' intention to sell its industry and solutions segment is a risk that has the potential to slow down its earnings momentum, Stifel adds
** Shares in Prysmian rise 2.17%; including Wednesday's move they have gained 48.7% year-to-date
** Nexans edges up 0.8%
($1 = 0.9465 euros)
Reporting by Philippe H. M. Leroy Beaulieu
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