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Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Kering (EURONEXT:KER) said Anthony Vaccarello is leaving Saint Laurent after a decade, with new creative leadership to be announced soon.
Saint Laurent says Anthony Vaccarello will leave his role as creative director, a position he has held since 2016.