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via finance.yahoo.comMarkets

BofA downgrades three European chip stocks on high memory exposure

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com - Bank of America has downgraded three European semiconductor stocks in a single sweep, cutting VAT Group to Neutral from Buy, Comet to Underperform from Buy, and Inficon to Underperform from Neutral, warning that high memory exposure leaves all three vulnerable if…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDowngrades of semiconductor equipment suppliers weigh on the sector if the chip cycle turns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01BofA cut VAT Group to Neutral from Buy.
  2. 02Inficon was downgraded to Underperform from Neutral.
  3. 03The prior week BofA had downgraded Siltronic to Underperform.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
VAT Group AGVACN.SWStock522.20 CHF+0.81%today +1.08%Negative INFICON Holding AGIFCN.SWStock150.60 CHF+1.48%today 0.00%Negative Siltronic AGWAF.XETRAStock51.55 EUR+2.08%today +2.38%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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