Infineon: UBS maintains buy rating
(CercleFinance.com) - UBS reinstates its "buy" rating on Infineon Technologies shares, along with its target price of 40 euros, which represents upside potential of 53% for the German semiconductor maker.
"Our view remains that accelerating EV demand can drive Infineon's earnings growth outperformance and that multiples can remain at elevated levels," the broker summarised.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.