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Osram: BarCap sees 'credible path' to 100 euros.

(CercleFinance.com) - Barclays Capital has upgraded its rating on Osram from "equal weight" to "overweight," while drastically increasing its target price on the share from 59 euros to 100 euros.

"It has taken two years, but we see Osram's "new" strategy as de-risked now," the broker insists at the start of its report.

In BarCap's view, the group's opto-semiconductors unit can continue to show strong growth (around 20%), based on market share gains in auto, mobile and general lighting.

Finally, Barclays says that there is potential for small acquisitions and sees a credible path to 100 euros, while the shares closed at 70.5 euros yesterday.

Unsurprisingly, shares in Osram were jumping after these positive comments, up 3.6% at 73.1 euros on Germany's XETRA market.

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