Infineon: UBS raises target price.
(CercleFinance.com) - UBS has raised its target price on the Infineon Technologies stock from 19 euros to 21.
5 euros, expecting auto content growth to accelerate beyond 2020.
In a research note, the brokerage firm says it expects the German chipmaker Infineon to be the semiconductor manufacturer that benefits the most from rising penetration amongst electric cars.
UBS believes that this could boost Infineon's sales to report double-digit growth over the 2020-2025.
However, although the broker remains positive on long-term trends, it prefers to maintain its "neutral" rating on the stock, and prefers to wait for "a better entry point."
Copyright (c) 2017 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.
5 euros, expecting auto content growth to accelerate beyond 2020.
In a research note, the brokerage firm says it expects the German chipmaker Infineon to be the semiconductor manufacturer that benefits the most from rising penetration amongst electric cars.
UBS believes that this could boost Infineon's sales to report double-digit growth over the 2020-2025.
However, although the broker remains positive on long-term trends, it prefers to maintain its "neutral" rating on the stock, and prefers to wait for "a better entry point."
Copyright (c) 2017 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.