Sensirion: It is time to be more bullish - JP Morgan
20/09/2019 08:33
** JP Morgan upgrades Swiss sensors maker Sensirion
SENSI.S to "overweight" from "neutral", seeing improvement in
H2 2019
** The brokerage says that Sensirion’s performance in H1 was
impacted by weakness in the automotive and industrial markets,
which was driven by macro factors, but sees recovery in those
end-markets over the next six months
** It adds that current automotive production estimates
indicate that the weakness in production will begin to ease in
H2 2019
** JP Morgan also says the inventory correction that started
in the industrial semiconductor market in Q3 2018 is coming to
an end, and in the brokerage's opinion Sensirion will likely see
its industrial revenue going back to growth in H1 2020
(antonis.pothitos@thomsonreuters.com)