Infineon: Stifel reduces target price
(CercleFinance.com) - Stifel maintains its Buy rating on Infineon shares, with a target price lowered from E41 to E38.
Analysts are updating their financial model to reflect a less pronounced cyclical recovery in 2025, given the deterioration in macroeconomic indicators in recent weeks, the broker says.
Stifel is therefore reducing its EPS forecasts for 2024E/2025E by 4%/14%, and anticipates a recovery in the automotive and industrial end-markets in 2025.
We believe that Infineon's valuation is attractive given the company's long-term structural growth profile. The shares should be revalued in 2025, once the macroeconomic situation improves, the broker concludes.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Analysts are updating their financial model to reflect a less pronounced cyclical recovery in 2025, given the deterioration in macroeconomic indicators in recent weeks, the broker says.
Stifel is therefore reducing its EPS forecasts for 2024E/2025E by 4%/14%, and anticipates a recovery in the automotive and industrial end-markets in 2025.
We believe that Infineon's valuation is attractive given the company's long-term structural growth profile. The shares should be revalued in 2025, once the macroeconomic situation improves, the broker concludes.
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.