HAMBURG (dpa-AFX Broker) - Hauck Aufhäuser Investment Banking has double upgraded Siltronic from "Sell" to "Buy" and raised the price target from 58.00 to 96.40 euros. Analyst Tim Wunderlich now sees the wafer manufacturer on course for a recovery in the second half of the year. Global semiconductor sales have already seen double-digit growth in recent months compared to the same period last year, driven by the rapid spread of artificial intelligence (AI), he wrote in a study published on Friday. Wunderlich's new estimates for Siltronic's operating result (EBITDA) in 2025 are around 30 percent higher than market expectations. Confidence in the imminent operational turnaround is increasing./ajx/la

Publication of the original study: 12.04.2024 / 08:11 / CEST

First dissemination of the original study: 12.04.2024 / 08:19 / CEST

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------