FRANKFURT (dpa-AFX Broker) - Following a buy recommendation, PVA Te pla shares initially extended their recent recovery rally significantly on Monday. The shares of the technology company gained up to a good 4 percent to 20.60 euros. They had thus gained almost half since the October low before buying interest waned over the course of Monday.

Analyst Jürgen Wagner from investment house Stifel has now set a price target of EUR 27 (previously EUR 23), which he considers a fundamental return to almost the high for the year to be possible. The expert sees signs of the next upswing in the wafer sector. He also emphasized continued high investments in the area of metrology systems. These are used to detect defects and surface contamination in customer production./ag/mis