The analyst firm Jefferies has upgraded Infineon from Hold to Buy and raised its price target from 40 to 46 euros. The Munich-based company has the leading chip portfolio for the automotive sector and.
Like the DAX, Infineon shares are also waiting for the recovery rally to continue. Even after a buy recommendation, the Munich-based company s shares did not really get going on Tuesday and were stuck.
In a research note, Jefferies analyst Janardan Menon has maintained his recommendation on the stock with a Buy rating. The target price remains set at EUR 950.
In a research note, Jefferies analyst Janardan Menon has maintained his recommendation on the stock with a Neutral rating. The target price is still set at EUR 40.