(News Bulletin 247) – Credit Suisse maintains its ‘outperformance’ opinion on Infineon with a price target lowered from 53.1 to 50.1 euros, following an update of its estimates after the manufacturer’s quarterly results German semiconductor company.
While keeping its revenue expectations broadly unchanged, the broker is cutting its segment earnings estimates for fiscal 2023 and 2024 by 1-6%, due to lower margin expectations.
“We continue to view Infineon as a significant beneficiary of many secular trends such as decarbonization and vehicle electrification/automation,” he said.
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