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SMHN SUSS MicroTec SE News Story

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Suss Microtec rises further boosted by more bullish analyst views

** Shares in Suss Microtec SMHNn.DE rise for a third consecutive session, up 11.5%, boosted by more analysts turning bullish following its Q3 earnings

** Jefferies and UBS both upgrade the semiconductor equipment manufacturer to "buy", from "hold" and "neutral" respectively

** Jefferies points to orders rising from a Q3 "bottom" given management's guidance for a significant upturn in order intake for Q4

 ** UBS cites an improving AI demand outlook and significant investment announcements as reasons for its upgrade

 ** It adds the company's Nov 17 capital markets day could be a positive catalyst with mid-term targets

** Last week, Deutsche Bank upgraded the stock citing similar reasons

    ** Out of 11 analysts covering SUSS MicroTec, eight rate it "strong buy"/"buy", two  "hold" and 1 "strong sell" - LSEG data

** Up to the previous session's close, shares were down 37.5%​ YTD

(Reporting by Marleen Kaesebier)

((marleen.kaesebier@thomsonreuters.com))

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