(News Bulletin 247) – Oddo BHF raises its opinion on BE Semiconductor Industries (BESI) from ‘neutral’ to ‘outperforming’ with a price target raised from 70 to 100 euros, in a more general note devoted to European stocks in the semiconductors.
“The emergence of new technologies, the increasing complexity of manufacturing processes and the many investment projects will allow equipment manufacturers to outperform the growth of the sector, with a strong rebound from 2024”, estimates the analyst.
Oddo includes a more positive scenario in its forecasts (with an average revision to 2024 EPS of 6%), and displays ‘a clear preference for those most exposed to technological transitions, namely ASML, ASMi, Aixtron, BESI, VAT and PVA’ .
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