Accueil > Actualité
Actualite financiere : Actualite bourse

Infineon: Bank of America downgrades to 'neutral'

( - Bank of America has downgraded the Infineon share from "buy" to "neutral" on Tuesday, citing limited upside potential at current levels.

With the shares having risen by about 46% year-to-date and by around 180% from their lows in March, their valuation has become "demanding," the broker said in a research note.

"The current setup with valuation, adverse FX moves and Infineon's comments around strong demand distinctly reminds us of the setup in early 2018 (...) which was a precursor to a peaking share price," BofA wrote.

Bank of America maintains its target price of 32 euros for the share.

Copyright (c) 2020 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.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.