** 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))