Soitec: Bryan Garnier remains 'neutral', raising its target.
(CercleFinance.com) - Keeping its “neutral” recommendation on Soitec, Bryan Garnier raises its fair value from 27 to 45 euros on the day after the publication of the annual figures of the semi-conductor material specialist.
The broker takes the opportunity of this publication to update its model on Soitec, adopting a more bullish scenario as it predicts demand for FD-SOI and Imager-SOI will take off faster than initially anticipated.
Bryan Garnier also wishes to take account of “an improving environment for the semiconductor industry and especially wafer manufacturers since the beginning of 2017” and “a now virtually inexistent risk regarding the adoption of FD-SOI”.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker takes the opportunity of this publication to update its model on Soitec, adopting a more bullish scenario as it predicts demand for FD-SOI and Imager-SOI will take off faster than initially anticipated.
Bryan Garnier also wishes to take account of “an improving environment for the semiconductor industry and especially wafer manufacturers since the beginning of 2017” and “a now virtually inexistent risk regarding the adoption of FD-SOI”.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.