AT&S AG : Weakening demand as expected in H2, but long-term view still optimistic
>Target price lowered to € 42 vs € 45 in view of the revenue warning, but Outperform rating maintained - Following the Q2 2022/23 report, we are reiterating our Outperform rating but lowering our forecasts and our target price to € 42 vs € 45. The stock closed down 8% yesterday on the back of the revenue warning. The weakness reflects to the return to normal demand, after very strong increases over the past two years. This does not change our long-term view of the g...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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