Soitec: broker still buying, TP E130
(CercleFinance.com) - On Friday, Berenberg renewed its Buy recommendation on Soitec shares, with an unchanged target price of E130 (cp: +7%).
In a research note, the analyst points out that H1 results published by the semiconductor materials specialist - in line with expectations - as well as the promise of improved performance in H2, reassured the market, as witnessed by the jump in its share price on Friday.
Even after this rebound, the share's valuation remains attractive, the broker adds, which highlights the company's medium-term growth prospects and operating leverage.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
In a research note, the analyst points out that H1 results published by the semiconductor materials specialist - in line with expectations - as well as the promise of improved performance in H2, reassured the market, as witnessed by the jump in its share price on Friday.
Even after this rebound, the share's valuation remains attractive, the broker adds, which highlights the company's medium-term growth prospects and operating leverage.
Copyright (c) 2024 CercleFinance.com. All rights reserved.