Infineon: Stiffel trims TP
(CercleFinance.com) - Stifel maintains its Buy rating on Infineon shares, with a target price trimmed from E36 to E35, following the release of its Q4 results.
We are lowering our EPS forecasts for 2025 and 2026 by 16% and 3% respectively, it says.
The broker reports that meetings with Infineon confirmed its view that the company will continue to outperform its automotive peers thanks to market share gains in automotive MCUs and SiC, as well as a strong presence amongst Chinese electric vehicle manufacturers.
Stifel expects the automotive and industrial end markets to recover in fiscal 2025, while Infineon anticipates sequential growth after a dip in Q1.
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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.
We are lowering our EPS forecasts for 2025 and 2026 by 16% and 3% respectively, it says.
The broker reports that meetings with Infineon confirmed its view that the company will continue to outperform its automotive peers thanks to market share gains in automotive MCUs and SiC, as well as a strong presence amongst Chinese electric vehicle manufacturers.
Stifel expects the automotive and industrial end markets to recover in fiscal 2025, while Infineon anticipates sequential growth after a dip in Q1.
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.