Infineon: UBS raises target price
(CercleFinance.com) - UBS has confirmed its 'buy' rating on Infineon Technologies shares, with a target price raised from E41 to E43, a new target offering 38% upside potential for the German semiconductor manufacturer's stock.
Infineon's resilient performance and cautious forecasts offer scope for upgrades, making it a potential winner of the down-cycle, the broker judges the day after its Q1 earnings call.
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