(News Bulletin 247) – Oddo BHF maintains its ‘outperformance’ opinion on Infineon and raises its price target from 46 to 50 euros, representing an upside potential of 44%, in the wake of an increase by the German semiconductor manufacturer of its objectives.
In the last quarterly publication, the consultancy recalls having stressed that the group was well positioned to raise its forecasts later in the year and that it knew that Infineon had been conservative.
According to Oddo, this increase ‘allows to correct excessive management caution, but is also an interesting indicator for other companies in the sector with the same type of exposure’. It raises its forecast for Infineon by 11% over 2023-25.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
