(News Bulletin 247) – UBS reiterates its advice to buy the stock and raises its target price to 49 E (instead of 47 E).
“We think Infineon is well positioned to outperform the sector,” the analysts said.
The group has raised its revenue and operating margin forecasts, mainly due to resilient commercial momentum in its main automotive and industrial segments.
For its second quarter of 2022-23, the German semiconductor manufacturer now expects sales of more than four billion euros, against an initial forecast of around 3.9 billion.
Its segment margin should now be in the upper 20-30% range, not around 25%.
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