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Osram: Jefferies maintains 'buy,' raises target.

(CercleFinance.com) - Jefferies has maintained its "buy" rating on Osram, raising its target price from 90 euros to 105 euros, seeing "one of the most interesting stocks in the industrial sector.

According to the broker, 2018 be a "crucial year" for the German lighting maker as the group's new capacities at Kulim and Regensburg plants will come on stream.

Jefferies - which expects a "smooth ramp-up" - thinks the company should therefore enter 2019 with "considerable momentum," and "hopefully without the luminaires business."

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