(CercleFinance.com) – Berenberg announced on Wednesday that it had initiated coverage of the Mersen stock with a purchase recommendation and a price target set at 45 euros.
In a research note, the analyst said he sees the manufacturer of industrial materials and equipment as a ‘key’ beneficiary of the explosion in the silicon carbide (SiC) market.
According to him, the sales and margins of the group, which supplies the electronics sector in particular, should be driven by the strength of demand surrounding high-purity graphite specialties used in applications linked to silicon carbide.
The intermediary recalls that Mersen specializes in materials resistant to corrosion and high temperatures such as wafers, but also in current transmitting components such as interconnection bars.
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