Infineon: BarCap maintains 'underweight' rating; cuts target
(CercleFinance.com) - Barclays Capital (BarCap) reinstates its "underweight" recommendation on the Infineon stock, having cut its target price to 18.
5 euros, in the wake of lower cash-flow forecasts for the German semi-conductor manufacturer.
"Infineon's Sep-Q results and outlook for the coming quarter and year demonstrate the strength of its positioning for long-term structural growth, while also highlighting the cost of such trends," the broker believes.
"Despite consistently strong sales, however, Infineon is seeing limited operating leverage given high opex and capex investment to support such growth," BarCap adds.
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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.
5 euros, in the wake of lower cash-flow forecasts for the German semi-conductor manufacturer.
"Infineon's Sep-Q results and outlook for the coming quarter and year demonstrate the strength of its positioning for long-term structural growth, while also highlighting the cost of such trends," the broker believes.
"Despite consistently strong sales, however, Infineon is seeing limited operating leverage given high opex and capex investment to support such growth," BarCap adds.
Copyright (c) 2018 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.