Osram: Jefferies maintains 'buy,' raises target.

(CercleFinance.com) - Jefferies has maintained its "buy" rating on Osram, raising its target price from 90 euros to 105 euros, seeing "one of the most interesting stocks in the industrial sector.
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According to the broker, 2018 be a "crucial year" for the German lighting maker as the group's new capacities at Kulim and Regensburg plants will come on stream.

Jefferies - which expects a "smooth ramp-up" - thinks the company should therefore enter 2019 with "considerable momentum," and "hopefully without the luminaires business."

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