AT&S AG : Growth still solid, despite a valuation that factors in a scenario (not certain) of a strong slowdown
>Outperform rating and € 60 target price maintained - Following this publication, we maintain our Outperform rating as well as our target price of € 60. The share was down 5% yesterday probably due to the fact that Q1 would have missed forecasts stripping out positive currency effects. We nevertheless take away generally positive messages on the continuation of the strong demand. We remain positive on the group’s positioning, which should remain resilient despite the...AT&S Austria Technologie und Systemtechnik is engaged in the production of printed circuit boards. Co. has three core printed circuit board businesses: Mobile Devices, Automotive and Industrial. Co.'s product assortment ranges from single and double-sided printed circuit boards to multilayer, flexible and rigid, insulated metallic substrate, nucleus, to laser drilled circuit boards. Co.'s products are used as electromechanical linking elements, mainly in the telecommunication sector, automobile industry and medical technology applications, defense and aerospace.
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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