UBS Raises Soitec to Neutral From Sell
Valid market news retained in the public archive without immediate LiveCast distribution.
Story updates
10:35:01 AM UTC
SquawkNews
Soitec's photonics business is set to grow faster than previously expected in the coming years, UBS analysts write in a note to clients. They upgrade their rating on the French semiconductor-materials maker's stock to neutral from sell. Analysts estimate photonics will account for 50% of Soitec's r…