ams OSRAM price target raised to CHF 12 from CHF 11.50 at Barclays

Barclays analyst Simon Coles raised the firm’s price target on ams OSRAM (AMSSY) to CHF 12 from CHF 11.50 and keeps an Equal Weight rating on the shares. The firm is “somewhat cautious” on European technology hardware into Q3 but says valuations on 2027 estimates “could provide support.” Artificial intelligence strength continues but Barclays sees little benefit for most of the group, the analyst tells investors in a research note. TSMC remains the analyst’s preferred stock in the sector.