November 25, 2016 - By Peter Erickson
Infineon Technologies (ETR:IFX) was downgraded by Oddo Seydler Bank AG to a “Reduce” rating in a a note released on Friday morning. The firm from today has EUR 13.00 target on the stock.
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. The firm has “Hold” rating given on Thursday, November 26 by Hauck & Aufhäuser Privatbankiers KGaA. The firm earned “Buy” rating on Saturday, November 28 by Deutsche Bank. Independent Research upgraded it to “Buy” rating and €14 target price in Tuesday, March 15 report. As per Saturday, April 16, the company rating was upgraded by Landesbank. The firm has “Buy” rating given on Monday, August 17 by UBS. Commerzbank upgraded the stock to “Buy” rating in Friday, September 2 report. The firm earned “Hold” rating on Tuesday, December 8 by Bankhaus Lampe. The firm has “Neutral” rating by UBS given on Saturday, November 28. Citigroup maintained the shares of IFX in a report on Thursday, November 26 with “Neutral” rating. On Thursday, April 21 the stock rating was upgraded by Baader Wertpapierhandelsbank to “Buy”.
About 2.06 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 18.17 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 21.67 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.
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