Infineon: price target raised at UBS

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Infineon Technologies, with a price target raised from €41 to €43, 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 first-quarter earnings release.

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