Infineon: UBS still a buyer after results

(CercleFinance.com) - UBS reiterates its 'buy' rating on Infineon shares, as well as its target price of E45, which implies a potential upside of 34% for the German semiconductor group's stock, the day after its quarterly results.


"Results confirmed in our view that trough is near and that automotive is going through a "soft" downcycle. We see the move as an attractive opportunity".


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