Soitec: Barclays cuts its target price
(CercleFinance.com) - Barclays maintains its 'equal weight' recommendation on Soitec shares, cutting its target price for them from E115 to E100, saying that it was significantly below consensus, and saw little at this stage to suggest that 2025 will see a strong recovery.
Analysts have significantly reduced their expectations for FY 2026 to reflect a more gradual recovery in mobile and persistent weakness in automotive, the broker adds in its comments about the semiconductor materials manufacturer.
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The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Analysts have significantly reduced their expectations for FY 2026 to reflect a more gradual recovery in mobile and persistent weakness in automotive, the broker adds in its comments about the semiconductor materials manufacturer.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.