UBS lowers Aixtron price target amid delayed market recovery expectations

UBS has revised its price target for Aixtron, lowering it from €20.90 to €14.90 after the company's recent quarterly results.

The Swiss bank has maintained a "Neutral" rating on Aixtron's stock. Analyst Madeleine Jenkins stated that the adjustment reflects expectations of a delayed market recovery, now predicted to occur in 2025. This has led to significant reductions in earnings forecasts for both 2025 and 2026.

The report highlights a lack of positive price drivers for Aixtron's shares, indicating challenges for the company in the current market environment.

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