November 24, 2016 - By Peter Kolinski
Infineon Technologies (ETR:IFX) was upgraded by Baader Bank to a Buy rating in a a report issued on Thursday morning. The firm currently has EUR 16.50 price target on the stock. Baader Bank’s target is -1.84% from IFX’s last price.
Out of 21 analysts covering Infineon Technologies (ETR:IFX), 10 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 48% are positive. €18.50 is the highest target while €9 is the lowest. The €14.78 average target is -11.18% below today’s (€16.64) stock price. Infineon Technologies has been the topic of 137 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Friday, December 4 by Warburg Research. As per Friday, November 27, the company rating was maintained by Independent Research. The stock of Infineon Technologies AG (ETR:IFX) earned “Market Perform” rating by Bernstein on Thursday, January 7. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, July 14 report. Morgan Stanley downgraded Infineon Technologies AG (ETR:IFX) on Friday, November 18 to “Underweight” rating. Morgan Stanley downgraded the stock to “Underweight” rating in Tuesday, January 12 report. The stock of Infineon Technologies AG (ETR:IFX) earned “Buy” rating by Baader Wertpapierhandelsbank on Friday, September 11. Credit Suisse upgraded the stock to “Outperform” rating in Friday, July 31 report. BNP Paribas maintained Infineon Technologies AG (ETR:IFX) rating on Thursday, August 4. BNP Paribas has “Neutral” rating and €13.40 price target. The company was upgraded on Tuesday, January 26 by BNP Paribas.
About 2.41M shares traded hands. Infineon Technologies AG (ETR:IFX) has risen 4.05% since April 27, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.
Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The company has a market cap of 18.84 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 22.47 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.
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