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EFG-Hermes Brokerage Downgrades Nadec to Neutral, Cuts PT

MT Newswires·08/13/2026 08:32:17
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08:32 AM EDT, 08/13/2026 (MT Newswires) -- EFG-Hermes Brokerage on Thursday downgraded agricultural company National Agricultural Development Co. (SASE:6010), d/b/a Nadec, to neutral from buy and reduced its price target to 16.00 Saudi riyals from 23.00 riyals. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)