BE Semiconductor Industries is trading 5.4% down at €192.05 after Bank of America cut its rating from Buy to Neutral, citing the risk that ASML could enter the hybrid-bonding market and Besi may need higher R&D spending.
- Bank of America nearly halved its price target.
- The downgrade was reported alongside a fall of as much as 6.4% on October 6, when major U.S. indexes rose; no trading-volume information was available.