ams OSRAM : Still no clear sign of a recovery, group will likely continue to suffer from a credibility problem
>Underperform recommendation, target price lowered to CHF 5.8 (vs CHF 6.5) - ams OSRAM’s share price gave up 8% yesterday due notably to particularly disappointing Q2 guidance. Following this publication, we are lowering our forecasts by 17% for 2024e EPS (sales revised down by 5% and operating margin of 9.5% vs 10.5% previously), leading to an adjustment of our target price of CHF 5.8 (vs CHF 6.5). Moreover, although management has indicated that it is optimistic abo...AMS provides advanced sensor and analog solutions for high value and emerging markets. Co.'s markets include Consumer and Communications and Industrial, Medical, Automotive. Co. delivers a broad range of innovative technology solutions for consumer electronics and communication device manufacturers including intelligent light sensors, MEMS microphone ICs, NFC solutions, active noise-cancelling ICs and ultra-low power management solutions. Co. offers customized, application-specific integrated circuits and standard solutions for a broad range of industrial applications including automation and control, position sensors, building automation, security and high-resolution seismic analysis.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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