Infineon: Oddo raises target price
(CercleFinance.com) - Oddo BHF has confirmed its "outperform" rating on Infineon shares, while raising its target price for them from 44 euros to 46 euros, in addition to its forecasts for the group, believing that it will benefit from the shortage of chips, particularly in the automotive sector (45% of its exposure).
In a report on the semiconductor sector as a whole, the broker believes that the first quarters of 2021 should come out at the top of expectations and the message for the rest of the year should enable upside to materialise.
Oddo BHF recognises that the sector is more highly valued than in the past, although believes that its new status as crisis-resistant, while benefiting from structural growth, means that this can be considered the new norm.
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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.
In a report on the semiconductor sector as a whole, the broker believes that the first quarters of 2021 should come out at the top of expectations and the message for the rest of the year should enable upside to materialise.
Oddo BHF recognises that the sector is more highly valued than in the past, although believes that its new status as crisis-resistant, while benefiting from structural growth, means that this can be considered the new norm.
Copyright (c) 2021 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.