Stifel cuts SUSS MicroTec, Jenoptik in light of ASML's guidance cut for 2025
18/10/2024 07:38
** Stifel cuts German semiconductor company SUSS MicroTec
SMHNn.DE to "hold" from "buy" in light of ASML's ASML.AS
guidance cut for 2025
** The broker says ASML's lower than expected outlook for
the next year would impact Suss's photomask business
** The photomask segment is the most profitable segment of
Suss over the cycle and the margin impacts here are felt
overproportionally at the group level, Stifel says
** "We expect the shares to be range-capped until investors
have better visibility for 2025," the brokerage adds
** On Thursday Stifel cuts Jenoptik JENGn.DE , which also
operates in the sector, to "hold" from "buy", citing as well
ASML's gloomy predictions for the semiconductor market in 2025
(Reporting by Anastasiia Kozlova)
((Anastasiia.Kozlova@thomsonreuters.com))