Stock Rating Runner: Commerzbank AG Gives Infineon Technologies (ETR:IFX) Higher Rating. What Is Next?

November 24, 2016 - By Vivian Park

Stock Rating Runner:  Commerzbank AG Gives Infineon Technologies (ETR:IFX) Higher Rating. What Is Next?

Infineon Technologies (ETR:IFX) Upgrade

Trading of Infineon Technologies (ETR:IFX)‘s shares is going to be interesting today, as Commerzbank AG increased the stock to a “Buy”. Along the rating upgrade, Commerzbank AG analysts gave a TP of EUR 18.50 or 10.05% more.

Infineon Technologies AG (ETR:IFX) Ratings Coverage

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 -11.34% below today’s (€16.67) stock price. Infineon Technologies has been the topic of 137 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Infineon Technologies AG (ETR:IFX) earned “Buy” rating by Baader Wertpapierhandelsbank on Thursday, October 13. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, August 11. Baader Bank upgraded Infineon Technologies AG (ETR:IFX) rating on Thursday, November 24. Baader Bank has “Buy” rating and €16.50 price target. The firm has “Outperform” rating given on Friday, July 31 by Credit Suisse. Deutsche Bank upgraded Infineon Technologies AG (ETR:IFX) on Tuesday, March 1 to “Buy” rating. The firm has “Buy” rating by UBS given on Monday, August 17. Landesbank upgraded Infineon Technologies AG (ETR:IFX) on Saturday, April 16 to “Buy” rating. The stock has “Hold” rating given by Hauck & Aufhäuser Privatbankiers KGaA on Thursday, November 26. The rating was upgraded by Bernstein to “Outperform” on Thursday, November 26. Credit Suisse upgraded the shares of IFX in a report on Thursday, August 20 to “Outperform” rating.

About 2.36M 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 18.88 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 22.51 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

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