Aixtron initiated with an Overweight at Barclays

Barclays initiated coverage of Aixtron with an Overweight rating and EUR 42 price target. While the firm is downgrading its European semiconductors industry view to Neutral given year-to-date strength in the group and lingering macroeconomic and geopolitical concerns, it sees Aixtron having “strong exposure to secular growth” and calls AI “the one positive” for the group more broadly.