Aixtron slips after Jefferies cuts to 'hold' as 2026 rebound not clear
** Shares in Aixtron AIXGn.DE slip around 3% after Jefferies cuts the German chip systems manufacturer to "hold" from "buy," pointing to scepticism over a 2026rebound
** There is little reason foroptimism on 2026, the broker says, adding that order visibility in both silicon carbide and gallium nitride is low and there are no clear signs for a near-term recovery
** Broker continues to be scepticalon the company's full-year margin guidance for 2024, and expects revenues to decline by 7%in 2025
** "This view is supported by management's unwillingness to provide Q4’24 order guidance, due to limited visibility," Jefferies says
** Out of 19 analysts that cover Aixtron, nine rate the stock "strong buy" or "buy," and 10 rate it "hold" - LSEG
Reporting by Chiara Holzhaeuser
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