These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - Morgan Stanley (NYSE:MS) upgraded Melexis (EBR:MLXS) NV (BR:MELE) stock rating from Equalweight to Overweight on Tuesday, while raising its price target to EUR80.00 from EUR60.00.
The investment bank cited an expected cyclical recovery in automotive semiconductors as a key driver for the Belgian chip manufacturer, along with growing design win momentum in China.
Morgan Stanley identified Melexis as its most preferred European small-cap semiconductor company, noting the stock’s valuation remains attractive despite share price gains since early April.
The new price target applies a multiple of approximately 20 times to Melexis’ fiscal year 2026 estimated earnings per share of EUR3.95, up from a previous estimate of EUR3.69.
The firm also highlighted long-term structural support for Melexis from increasing semiconductor content in modernizing automotive platforms and the growing robotics sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.