Rating Worth Mentioning: Is Infineon Technologies (ETR:IFX) Worth Your Time After Placed Morgan Stanley’s Downgrade?

November 28, 2016 - By Adrian Mccoy

Rating Worth Mentioning:  Is Infineon Technologies (ETR:IFX) Worth Your Time After Placed Morgan Stanley's Downgrade?

Infineon Technologies (ETR:IFX) Downgrade

Morgan Stanley has decreased Infineon Technologies (ETR:IFX) stock to a Sell in a research report made public on Sunday, 27 November, and has set a 12month target price per share at EUR 9.50. This target is -40.63% from IFX’s last price.

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 €15.04 average target is -6.12% below today’s (€16.02) stock price. Infineon Technologies has been the topic of 141 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Commerzbank given on Thursday, September 29. On Thursday, November 24 the stock rating was maintained by S&P Research with “Hold”. The stock of Infineon Technologies AG (ETR:IFX) has “Outperform” rating given on Tuesday, January 26 by BNP Paribas. On Saturday, September 26 the stock rating was upgraded by BNP Paribas to “Outperform”. The company was upgraded on Thursday, November 26 by Credit Suisse. On Saturday, May 7 the stock rating was upgraded by Baader Wertpapierhandelsbank to “Buy”. As per Tuesday, November 24, the company rating was upgraded by Oddo & Cie. As per Saturday, November 28, the company rating was maintained by UBS. The rating was upgraded by Bernstein to “Outperform” on Wednesday, July 13. The stock of Infineon Technologies AG (ETR:IFX) has “Hold” rating given on Friday, September 25 by Berenberg.

It is down 18.46% since April 29, 2016 and is uptrending. It has outperformed by 12.45% the S&P500.

Infineon Technologies AG develops, manufactures and markets a range of semiconductors and system solutions. The company has a market cap of 18.15 billion EUR. The Firm operates through four divisions: Automotive; Industrial Power Control; Power Management & Multimarket, and Chip Card & Security. It has a 21.64 P/E ratio. The Automotive segment designs, develops, makes and markets semiconductors for use in automotive applications.

Another recent and important Infineon Technologies AG (ETR:IFX) news was published by Thestreet.com which published an article titled: “Infineon Technologies Q4 Sales Expected to Grow” on November 18, 2016.

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