ZURICH (dpa-AFX Broker) - The major Swiss bank UBS has lowered its price target for Siltronic from 74 to 67 euros after the figures and left the rating at "Sell". In a study published on Tuesday, analyst Harry Blaiklock cut his sales estimates for the years 2024 to 2026, citing the slower recovery in final demand, negative effects on prices and the exit from the small wafer business. He emphasized that he had significantly trimmed his estimates due to the wafer manufacturer's high fixed cost base and also the larger declines in average selling prices./ck/mis

Publication of the original study: 06.05.2024 / 12:32 / GMT

First distribution of the original study: 06.05.2024 / 12:32 / GMT

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