SOITEC : Credit Suisse raises its target price
Reflecting Soitec's new outlook for its 2024 and 2026 financial years, the broker is lowering its own estimates for these two years by 8% and 14% respectively for revenues, as well as 9% and 16% for EBITDA.
'With short-term threats to the outlook for the 2024 financial year largely removed, we expect investor attention to shift to medium-term growth potential', it nevertheless believes.
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