FRANKFURT (dpa-AFX Broker) - The shares of Siltronic initially remained in their downward trend on Friday despite a recommendation from Hauck Aufhäuser Investment Banking and significant price gains. The share price rose to 86.60 euros - an area where the upper edge of the downward trend that started at the beginning of 2024 lies - but then turned downwards. As one of the favorites in the MDax, the shares recently traded up 5 percent at EUR 85.25.

Analyst Tim Wunderlich sees the manufacturer of semiconductor wafers for chip companies on course for a recovery in the second half of the year. Global semiconductor sales have already seen double-digit growth in recent months compared to the same period last year, driven by the rapid spread of artificial intelligence (AI), explains the expert. He therefore considers the average market expectation for Siltronic's operating profit (EBITDA) for 2025 to be significantly too low.

In view of his positive business expectations, Wunderlich raised the price target for Siltronic from 58.00 to 96.40 euros. He thus believes that the shares will recover and upgraded them by two notches from "sell" to "buy"./mis/stk

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