BE Semiconductor downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Simon Coles downgraded BE Semiconductor (BESIY) to Equal Weight from Overweight with an unchanged price target of EUR 125. Owing to the Section 232 investigation and potential for further export controls, the firm sees negative catalysts ahead, notes the analyst, who also sees pull-in activity creating tougher comps into the second half.