Rating Summary: -6.65% to Target, BNP PARIBAS Reconfirms “Neutral” Rating for Infineon Technologies (ETR:IFX) Stock

November 25, 2016 - By Marguerite Chambers

Rating Summary:  6.65% to Target, BNP PARIBAS Reconfirms

Infineon Technologies (ETR:IFX) Rating

Analysts at BNP PARIBAS have EUR 15.30 TP on Infineon Technologies (ETR:IFX). BNP PARIBAS’s TP suggests a potential downside of -6.65% from the company’s previous stock close. The rating was disclosed to clients in analysts note on 25 November.

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 €15.01 average target is -6.60% below today’s (€16.07) stock price. Infineon Technologies has been the topic of 140 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, November 25 by Credit Suisse. Credit Suisse upgraded Infineon Technologies AG (ETR:IFX) on Friday, August 5 to “Outperform” rating. The firm earned “Buy” rating on Saturday, July 16 by Commerzbank. Berenberg maintained the stock with “Hold” rating in Wednesday, September 16 report. The firm has “Buy” rating by Baader Wertpapierhandelsbank given on Saturday, September 10. The stock of Infineon Technologies AG (ETR:IFX) earned “Neutral” rating by BNP Paribas on Wednesday, February 24. The stock has “Buy” rating given by Oddo & Cie on Tuesday, November 24. The firm has “Hold” rating given on Thursday, August 4 by Landesbank. On Wednesday, August 19 the stock rating was upgraded by Baader Wertpapierhandelsbank to “Buy”. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Thursday, August 11 by Credit Suisse.

About 2.09 million shares traded hands. Infineon Technologies AG (ETR:IFX) has risen 23.08% since April 28, 2016 and is uptrending. It has outperformed by 17.67% the S&P500.

Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The company has a market cap of 18.20 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 21.7 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

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