Recommendations International stock exchanges Besi has a strong competitive position and recovery of the cycle can accelerate the benefits: Overweight, P. O. 145 eur/acc

Consenso del Mercado

Factuality

Ownership

Recommendations International stock exchanges Besi has a strong competitive position and recovery of the cycle can accelerate the benefits: Overweight, P. O. 145 eur/acc

Market Consensus Morgan Stanley Nigel van Putten reiterates the recommendation of Overweight (OW) in Besi, and highlights its resilience during the slowdown of the cycle, reflecting its strong competitive positioning and good execution. A recovery of the cycle could lead to a strong acceleration of profits thanks to leverage in its business model. Visibility is limited, but expects a mainstream recovery in 2H and a greater adoption of hybrid bo…