ams OSRAM initiated with an Underweight at Barclays

Barclays analyst Simon Coles initiated coverage of ams OSRAM with an Underweight rating and CHF 6 price target. 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, though it calls AI “the one positive” for the group more broadly. For ams OSRAM, the firm sees uncertainties that remain, the analyst tells investors.