Besi: Oddo still a buyer, but cuts TP
(CercleFinance.com) - Oddo BHF maintains its "outperform" rating on Besi (BE Semiconductor Industries), although is lowering its forecasts by an average of 9% for the group, as well as its target price for the share to 82 euros, compared with 88 euros previously.
Although Besi shares fell by 8% on Friday on its announcement of quarterly results, a weakness related to China and smartphones, the analyst believes that the background continues to be positive for them.
The broker stresses the strength of the market, due to the numerous Advanced Packaging plant construction projects over the next three years, but also the continued rise of Hybrid Bonding.
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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.
Although Besi shares fell by 8% on Friday on its announcement of quarterly results, a weakness related to China and smartphones, the analyst believes that the background continues to be positive for them.
The broker stresses the strength of the market, due to the numerous Advanced Packaging plant construction projects over the next three years, but also the continued rise of Hybrid Bonding.
Copyright (c) 2022 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.