Infineon: Credit Suisse raises estimates

(CercleFinance.com) - Credit Suisse has increased its FY2023-2025 revenue estimates for Infineon by 3%-5%, while raising its EPS estimates by 6%-11%.


Following the results' publication, the broker has raised its target price for the share to 47.4 euros (from 42.5 euros), while maintaining its Outperform rating on it.

Infineon's outlook for FY23 appears to assume that revenues and EBIT margins peak in the December quarter and that growth slows sharply during the rest of the year, Credit Suisse says.


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.