Soitec: UBS still a buyer, adjusts TP

(CercleFinance.com) - UBS maintains its "buy" rating on Soitec shares, while shaving a fraction off its target price from E180 to E178, with its new target price still giving the stock of the French semiconductor materials group robust upside potential of 47%.


With a CMD approaching, the broker summarises, "We acknowledge the short term downside risks but continue to believe Soitec is likely to outperform its peers".


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