UBS reaffirms its 'buy' recommendation on Soitec, while adjusting its price target from 180 to 178 euros, a new target which nevertheless leaves a potential upside of 47% for the French semiconductor materials group's stock.

Ahead of an investor day (CMD), the broker says it "recognizes short-term downside risks, but continues to believe that Soitec is likely to outperform its peers", in the summary of its research note.

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