Bank of America downgrades Besi over competition from ASML
Bank of America analysts say Besi’s share price does not account for the threat from ASML’s move into advanced chip packaging. According to The Next Web, the bank nearly halved its price target and warned about ASML entering hybrid bonding, a market Besi relies on for growth.
- Two American rivals have approached Besi, according to The Next Web.
Covered by 2 publishers within 2 hours of the first report.
Reporting2
Bloomberg ASML’s Chip Technology Move Threatens Besi Shares, BofA Says · Henry Ren
The Next Web ASML’s chip packaging move threatens Besi shares, Bank of America says · Cristian Dina