Jenoptik AG : Progress on the group’s restructuring to create a pure player in photonics
>Neutral rating maintained, target price raised to € 33 vs € 32 - Following the CMD organised by Jenoptik on Friday in Berlin, we reiterate our Neutral recommendation and have raised our target price to € 33 vs € 32. The group continues to make progress in its transformation into a pure player in the photonics segment. The semiconductor market remains a key growth pillar for Jenoptik and is driving its structural growth. In our view, the potential sale of Prodomax sh...Jenoptik is a holding company. Through its subsidiaries, Co. is an optoelectronics group engaged in the production of range of products including original equipment manufacturer or standard components, modules and subsystems through to systems and production lines for numerous sectors. Co.'s operating business is organized in the following three operating segments: Laser & Optical Systems, Metrology, and Defense & Civil Systems. The operating business within the segments is further subdivided into five divisions: Lasers & Material Processing, Optical Systems, Industrial Metrology, Traffic Solutions, and Defense & Civil Systems, each of which are subdivided into several business units.
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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