Infineon: Bryan Garnier still a buyer after investor meeting

(CercleFinance.com) - Bryan Garnier reinstates its "buy" rating on the Infineon stock, along with its fair value of 26.
7 euros, the day after an investor meeting which provided more details on the group's visibility and confidence in its outlook.

The broker highlights the strength of structural engines of the German semiconductor manufacturer, as well as visibility that exceeds the average in its sector thanks to its leading position.

While recognising the quality of management and understanding its need to prepare for attractive long-term opportunities, the broker believes that its investment plan is deteriorating the group's short-term risk profile, which was previously excellent.


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