Barclays upgraded ASM International (ASMIY) to Overweight from Equal Weight with a price target of EUR 600, up from EUR 550. The firm says its concerns around “lofty” consensus estimates are now much less of an issue. Further, channel checks provided reassurance that ASM’s content gains in the coming years “remain strong with scope for upside opportunities,” the analyst tells investors in a research note.
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Read More on ASMIY:
- ASM International upgraded to Buy from Neutral at UBS
- ASM International price target lowered to EUR 635 from EUR 730 at Berenberg
- ASM International upgraded to Buy from Hold at HSBC
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