FRANKFURT (dpa-AFX) - In a weak market environment for stocks in general and also for technology stocks, the shares of Siltronic were a sought-after exception on Tuesday. Driven by an analyst's buy recommendation, the wafer manufacturer's shares were among the biggest gainers in the small-cap index SDax, which fell 0.9 percent at the same time, rising 4.5 percent to 77.10 euros. Meanwhile, the sub-index of European tech stocks sank as much as 1.8 percent.

Investment bank Stifel upgraded Siltronic to "buy" and gave a price target of 111 euros, which is currently the highest among analysts covered by news agency Bloomberg. Analyst Juergen Wagner thus attributes a 44 percent upside potential to the shares, although they are already among the better stocks in the SDax in 2023, currently up 13 percent. The expert attested Siltronic an attractive ratio between opportunities and risks. With a share price close to book value and DRAM memory prices bottoming out at the same time, the further risk of setbacks is manageable, he said./tih/men