Besi: Stifel downgrades stock

(CercleFinance.com) - Stifel downgrades its BE Semiconductor Industries (Besi) shares from 'buy' to 'hold' after a big rise in the share price.
However, it raises its TP from E120 to E140, after slightly increasing its expectations for the Dutch equipment manufacturer.

Analysts think that the stock's valuation is indeed rich, as the key end markets for the core business remain weak, while Samsung is still not qualified for Nvidia chips, the broker judges, which sees more value elsewhere in the sector.


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