Infineon: Stifel trims TP, but still 'buy'.

(CercleFinance.com) - Stifel maintains a 'buy' rating on Infineon shares, with a target price trimmed from E45 to E43.


The analyst indicates that he has reduced his EPS forecasts for 2024 and 2025 by 10% and 6% respectively.

The broker believes that the recovery expected in the second half of the year, with growth of +15% vs. the first half, will depend on the macroeconomic situation.

Nevertheless, the level of the order book, although decreasing, 'remains sufficiently high to support growth assumptions in the automotive division', it believes.

According to Stifel, now that short-term earnings revisions have been completed, 'investors' attention should once again turn to medium-term growth prospects.'


Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.