🟢 Soitec is trading 5% up after Bank of America Securities upgraded to Buy

Soitec is trading at €159.95, up 4.95% after Bank of America Securities upgraded its rating to Buy.

• On October 9, Bank of America Securities raised its rating from Neutral to Buy and target from €152 to €300.
• It cited Soitec’s leading position in silicon-photonics materials, expected demand growth, and AI data-center demand for optical connections.
• October 12 coverage recapped the catalyst; results showed no separate announcement. The move aligned with the upgrade, not the modest broader-market context provided.