Soitec has jumped nearly 6%, making it one of the best performers on the SBF120, with the support of Jefferies, which has reaffirmed its 'buy' recommendation on the semiconductor materials supplier's stock, and raised its target price by 50% to 270 euros.

The sector has entered a new bullish cycle, which we believe should translate into significant further revaluation and strong EPS growth over the next two years", the broker judges in a note on semiconductors.

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