BESI: UBS upgrades stock

(CercleFinance.com) - UBS has upgraded BE Semiconductor Industries (Besi) shares from 'neutral' to 'buy', with a target price raised from E111.
7 to E159, now offering 13% upside potential for the chipmaker's shares.

The broker explains that it sees new opportunities for the Dutch group's hybrid bonding technology in the photonics and high-end tablet sectors, as well as an upturn in the consumer market.


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