Bernstein analyst Sara Russo initiated coverage of Infineon with an Outperform rating and EUR 40 price target as part of rolling out coverage of the European semiconductor sector following the group’s "significant de-rating" in 2022. Infineon, her top pick among semiconductor design and manufacturing firms in Europe, is aligned to growth in EV auto semis as well as the green energy transition given its focus on power semis critical for electric vehicles, Russo tells investors.
Published first on TheFly
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