Infineon: UBS reiterates buy rating

(CercleFinance.com) - UBS reiterates its buy rating on the stock, adjusting its target price to E42 (from E44), which represents 41% upside potential.


"New evidence suggests Infineon is well positioned to benefit from a recovery in 2025 and is likely to outperform peers", UBS says.

Note that Infineon has trimmed its annual revenue forecast. The German semiconductor manufacturer now anticipates sales of around E15bn (instead of E15.1bn), but still expects a segment margin of around 20% and an adjusted gross margin 'in the low 40s'.


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