Infineon: Oddo BHF cuts TP
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Infineon shares, with a target price trimmed from E38 to E36, following the publication of better-than-expected Q4 2024 results, albeit with very cautious guidance for 2025.
According to the analyst, the idea that emerges from this publication is that the group has, this time, probably been sufficiently cautious, taking into account the hypothesis of a sharp inventory correction in H1 2025.
Based on analysts' forecasts, the share is trading at 9.9x 2025 EBITDA, slightly below its 10-year average of 11x, while the end of the inventory correction is in sight and structural growth prospects are not called into question, it says.
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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.
According to the analyst, the idea that emerges from this publication is that the group has, this time, probably been sufficiently cautious, taking into account the hypothesis of a sharp inventory correction in H1 2025.
Based on analysts' forecasts, the share is trading at 9.9x 2025 EBITDA, slightly below its 10-year average of 11x, while the end of the inventory correction is in sight and structural growth prospects are not called into question, it says.
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.