Research Disclosures & Disclaimers

This website contains disclosures and disclaimers related to
published UBS Global Research products, including those related to
regulation, potential conflicts of interest as well as those provided
by third-party data providers describing limitations on use of their
products.

ams-OSRAM (AMS.S)

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (CHF)	Price Target (CHF)	Rating
2021-08-20	94.85	104.762	Neutral
2021-11-08	91.38	102.076	Neutral
2022-05-20	59.63	69.841	Neutral
2022-07-29	41.92	48.352	Neutral
2022-11-04	34.43	39.756	Neutral
2023-02-08	39.65	42.442	Neutral
2023-05-12	32.77	35.458	Neutral
2023-07-31	41.52	41.40	Neutral
2023-09-27	27.86	-	No Rating
2024-02-13	22.26	25.00	Neutral
2024-04-12	10.07	12.00	Neutral
2024-09-24	10.43	16.00	Buy
2024-11-11	7.20	13.80	Buy

Disclosures

Within the past 12 months, UBS has received compensation for investment banking services from this company/entity or one of its affiliates.
UBS expects to receive or intend to seek compensation for investment banking services from this company/entity within the next three months.
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.
Because this security exhibits higher-than-average volatility, the FSR has been set at 15% above the MRA for a Buy rating, and at -15% below the MRA for a Sell rating (compared with 6/-6% under the normal rating system).
UBS Fund Management (Switzerland) AG beneficially owns more than 5% of the total issued share capital of this company.

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day.