Infineon: Oddo upgrades stock

(CercleFinance.com) - On Tuesday Oddo BHF analysts upgraded their rating on Infineon shares from "neutral" to "outperform", having raised their target price for them from 32 euros to 44 euros, in the current market shortage of semi-conductors.


The Parisian broker believes that the acceleration of sales of electric vehicles will strengthen the growth prospects in the silicon carbide (SiC) chip market, which it believes will reach three billion dollars by 2025, followed by six billion dollars by 2030.

Oddo argues that Infineon is, alongside STMicroectronics and Soitec, one of the six European stocks that are most exposed to this momentum, although has benefited less on the stockmarket from this situation than their American peers.



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