Morgan Stanley downgraded Infineon (IFNNY) to Equal Weight from Overweight with a price target of EUR 30, down from EUR 37. The firm sees challenges to the company’s growth in fiscal 2025 and expects a below-consensus guidance at next month’s earnings print due to headwinds in the automotive market.
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Read More on IFNNY:
- Infineon price target lowered to EUR 40 from EUR 45 at Citi
- Infineon downgraded to Hold from Buy at DZ Bank
- Infineon price target lowered to EUR 38 from EUR 41 at Berenberg
- Infineon price target lowered to EUR 37 from EUR 45 at Morgan Stanley
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