Soitec: UBS still a buyer, trims target price

(CercleFinance.com) - UBS maintains its "buy" rating on Soitec, despite reducing its target price for them from 211 euros to 195 euros, with the latter still giving the semiconductor materials specialist's share upside potential of 44%.


The broker says that it remains positive on the stock, which it believes is "driven by strong medium-term prospects", despite a smartphone market that it acknowledges is "challenging".


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