Stock Rating: Credit Suisse Group Gives Infineon Technologies (ETR:IFX) Higher Rating. What Is Next?

November 25, 2016 - By Dolores Ford

Stock Rating:  Credit Suisse Group Gives Infineon Technologies (ETR:IFX) Higher Rating. What Is Next?

Infineon Technologies (ETR:IFX) Upgrade

Professional analysts at Credit Suisse Group’s equity division raised Infineon Technologies (ETR:IFX)‘s stock to Outperform on 25 November. The analysts at Credit Suisse Group have a target of EUR 17.50 on IFX or 6.77% more upside.

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 -6.48% below today’s (€16.05) stock price. Infineon Technologies has been the topic of 140 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Baader Wertpapierhandelsbank upgraded the shares of IFX in a report on Friday, October 9 to “Buy” rating. The rating was maintained by Warburg Research with “Hold” on Friday, January 29. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The firm earned “Neutral” rating on Wednesday, September 14 by BNP Paribas. BNP Paribas upgraded Infineon Technologies AG (ETR:IFX) on Friday, July 31 to “Outperform” rating. The firm earned “Buy” rating on Wednesday, September 28 by Baader Wertpapierhandelsbank. Bankhaus Lampe upgraded the stock to “Buy” rating in Wednesday, September 28 report. S&P Research maintained the stock with “Hold” rating in Friday, September 30 report. As per Monday, November 30, the company rating was maintained by Oddo & Cie. The firm earned “Buy” rating on Thursday, February 11 by Independent Research.

About 2.02M 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 18.18 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 21.68 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

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