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Infineon: Bernstein raises target price to 25 euros.

(CercleFinance.com) - Sanford C.
Bernstein has raised its target price on Infineon from 23 euros to 25 euros after the German chipmaker reported a "good" quarter and "excellent" guidance.

In a research note sent to clients, the brokerage firm said that Infineon has become its best play for electric vehicles and the broader electrification trend.

"Near-term appreciation potential is limited, but the stock remains attractive on a multi-year horizon," Bernstein writes in the report, maintaining its "outperform" rating on the stock.

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