Soitec: Berenberg renews its buy recommendation, target â?¬130

(CercleFinance.com) - On Friday, Berenberg renewed its buy recommendation on Soitec shares, with an unchanged target price of 130 euros.


In a research note, the analyst points out that the half-year results published by the semiconductor materials specialist, which were in line with expectations, and the promise of improved performance in the second half of the year have reassured the market, as witnessed by the 7.5% jump in its share price yesterday.

Even after this rebound, the share's valuation remains attractive, according to the financial intermediary, who highlights the company's medium-term growth prospects and operating leverage.

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