J.P. Morgan upgrades Soitec to Overweight on photonics strength
J.P. Morgan analysts say Soitec’s photonics growth outweighs concerns about mobile market-share loss and upgrade the stock to overweight from neutral.
P. Morgan analysts said Soitec's photonics business growth outweighs investor concerns that the French semiconductor-materials maker could lose market share in mobile communications. The brokerage raised its rating on the stock to overweight from neutral.