ams OSRAM : The publication is not reassuring on the credibility of the 2024 targets
>Underperform rating, target price lowered to CHF 6.5 (vs CHF 7) - The ams OSRAM stock was down 17% yesterday due to very disappointing Q1 guidance (18% < forecasts), another downward revision to 2024 targets and the expectation of ‘relevant’ MicroLED revenues only as of 2025. Following this publication, we are lowering our forecasts by 18% for 2023e EPS (sales revised down by 5% with an operating margin at 7.5% vs 8.5% previously), leading to an adjustment of our ta...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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