BE Semiconductor Could Grow Substantially This Year -- Market Talk

Dow Jones

01-07

0926 GMT - BE Semiconductor Industries should be able to turn its fortunes around this year as the semiconductor industry is expected to recover, UBS analysts write in a note to clients as they upgrade the stock to buy from neutral. They forecast sales growth of 41% this year for the Dutch supplier of semiconductor assembly equipment after a prolonged downturn in the industry. "We believe 2025 could mark the turning point with mainstream end demand recovery," the analysts say. BE Semiconductor shares trade 4.8% higher at 149.85 euros. (mauro.orru@wsj.com)

(END) Dow Jones Newswires

January 07, 2025 04:26 ET (09:26 GMT)

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