BE Semiconductor Industries is trading at €172.80, down 10.02%, after UBS cut its rating from Buy to Sell and lowered its target from €370 to €159, citing weaker-than-expected hybrid-bonding adoption prospects.
- UBS’s move followed Bank of America’s October 6 downgrade to Neutral, which also warned about ASML competition and delayed HBM equipment demand.
- Broader market weakness was modest by comparison; the sharp decline is tied to company-specific analyst actions.