JPMorgan analyst Mio Shikanai upgraded Lasertec to Overweight from Neutral with an unchanged price target of 40,000 yen. The company’s share price has fallen by 42% since June 4 due to a series of news related to major logic foundries, such as delays in high-NA and Intel’s (INTC) reduction in capital investment, but the earnings results for FY6/24 announced on August 7 confirmed strong order intakes, dispelling concerns, the analyst tells investors.
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