Riber: the stock stands out after a buy initiation

(CercleFinance.com) - Riber shares rose sharply on the Paris Bourse on Friday, as the semiconductor equipment specialist benefited from a TP ICAP Midcap note in which the broker initiated a buy on the stock.


At around 12:00 pm, the stock gained 1.7%, compared with an average gain of 0.3% for the Paris market.

In a research note, TP ICAP Midcap described the molecular beam epitaxy (MBE) specialist as a "world leader at the dawn of a new era".

The investment bank points out that the group is currently carrying out several key projects designed to expand its niche market.

"Without even incorporating them, our forecasts point to a sharp rise in earnings between now and 2026, following a record level in 2023", emphasizes TP ICAP Midcap, which sets its price target at three euros.

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