Deutsche Bank upgraded Aixtron to Buy from Hold with a price target of EUR 34, up from EUR 33. The company’s fiscal 2023 outlook "dispelled all worries in the market" as both the sales and the order intake guidance "were a clear beat," the analyst tells investors in a research note. Aixtron now looks like a "compelling growth story" for several quarters to come, and its cash return to shareholder might also increase substantially, via dividend and buybacks, says the firm.
Published first on TheFly
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