Jefferies downgrades PVA Tepla to 'hold' after 40% rally YTD

Pva Tepla AG

15/05/2025 13:01

** Jefferies cuts German industrial equipment producer PVA Tepla TPEG.DE to "hold" from "buy" seeing little room for a further share price rally after the stock's 40% run YTD, with no clear catalyst ahead

** Jefferies says benefits from growing customer qualifications and its metrology business are already priced in

** It also notes the company would need significant uptick in order momentum or a  follow-up order for crystal growing equipment by Siltronic in 2025 to deliver growth in 2026

** Among the 11 analysts that cover PVA TePla AG, six rate the stock "strong buy" or "buy," and five rate it "hold"

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))