Screen Holdings initiated with a Market Perform at Bernstein

Bernstein initiated coverage of Screen Holdings with a Market Perform rating and 9,700 yen price target The firm is initiating on the Japan Semiconductors sector with a positive view, expecting it to benefit from the secular growth of semiconductor content and capex intensity as a crucial enabler in the global supply chain. Specifically for Screen Holdings, Bernstein sees cleaning share loss risk but low valuation.