ams OSRAM Upgraded to Buy, Shares Jump

Jefferies upgraded ams OSRAM to Buy, raising the price target to CHF 21 from CHF 8.30, sending shares up over 6%.
The upgrade is driven by a near‑term cyclical recovery in automotive/industrial and long‑term AI data‑center and AR smart‑glasses revenue opportunities.
A development deal with an unnamed AI data‑center partner and a Meta engagement could generate €375 million by 2028 and triple‑digit‑million‑euro annual sales after 2029.
Balance‑sheet concerns have eased as cash covers all 2027 debt maturities, and the stock trades at a significant discount to peers.