KBC starts Aalberts with 'accumulate' on semiconductor growth potential
** The semiconductor end-market holds the highest organic growth potential for Dutch industrial group Aalberts AALB.AS, KBC Securities says as it initiates the stock with "accumulate"
** Aalberts' competencies in the semiconductor market make it a trusted manufacturer for large customers such as ASML ASML.AS, the broker says
** "The Advanced Mechatronics business unit has 90-95% exposure to the semicon end market and as such holds the highest organic growth potential for the group" - KBC
** It adds Aalberts' strong track record and focus on optimisation should continue to support growth, even if 2024 is set to be a transition year due to unsupportive end-markets
** Out of eight analysts that cover Aalberts, four rate the stock "strong buy" or "buy", three "hold" and one "sell"
Reporting by Gianluca Lo Nostro
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