Infineon: Liberum remains strong buyer of stock.
(CercleFinance.com) - Liberum analysts remain strong buyers of Infineon shares before the German chipmaker reports its fourth-quarter and full-year 2017 results on 14 November.
Even though Infineon is not benefiting from the iPhone X help, which has boosted the outlook for some of its peers, the broker says it expects the group to provide a strong sales outlook for fiscal year 2018.
"Its automotive and industrial segments are forecast to be heading for another strong year," Liberum wrote in a research note, adding that fourth-quarter sales should at least meet, if not beat expectations.
The broker maintains its target price for the share at 28 euros.
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.
Even though Infineon is not benefiting from the iPhone X help, which has boosted the outlook for some of its peers, the broker says it expects the group to provide a strong sales outlook for fiscal year 2018.
"Its automotive and industrial segments are forecast to be heading for another strong year," Liberum wrote in a research note, adding that fourth-quarter sales should at least meet, if not beat expectations.
The broker maintains its target price for the share at 28 euros.
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.