UBS lifts target price for ams OSRAM on 'multiple catalysts'

** UBS raises PT to CHF 14.8 from CHF 13.5 for Austrian semiconductor manufacturer ams OSRAM AMS

** Auto and industrial revenues are growing above seasonal Q/Q in Q2 for the first time since Q1 2023; expect revenue to bottom in Q2 before growing sequentially from Q3 - UBS

** Expects its win to supply iPhone sockets to double quarterly revenue to 40-60 mln euros ($47-70 mln) in Q325E y/y

** Anticipates announcements on potential strategic divestments that could accelerate deleveraging and generate 500 mln euros

** Says a court verdict in an appraisals case in H2 will likely be followed by the exercise of minority options could improve stock

** UBS believes there is a favourable environment for the co's exit from the Kulim fab sale-and-leaseback that would remove 429 mln-euro liability, reduce cash interest

** AMS up 12.1%, on track for best day since Feb

($1 = 0.8542 euros)