Berenberg upgraded Siltronic to Buy from Hold with a price target of EUR 107, up from EUR 76. After six sequential quarters of decelerating growth and a 2023 characterized by margin compression, the “tide may be about to turn for Siltronic,” the analyst tells investors in a research note. The firm says data suggest demand for consumer electronics may have troughed, while inventory reductions across the value chain also appear well underway.
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Read More on SSLLF:
- Siltronic price target raised to EUR 70 from EUR 65 at Deutsche Bank
- Siltronic upgraded to Buy from Neutral at Citi
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