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PRESS RELEASE
Original-Research: NFON AG (von NuWays AG): BUY
NuWays AG upgrades NFON AG to BUY with a target price of EUR 12.10 in response to Q2 report. NFON's cloud PBX sales slightly decline but profitability surpasses estimates. Management revises FY25 guidance amid macro headwinds and anticipates growth from FY26e fueled by AI-driven features