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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.

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