New Street analyst Pierre Ferragu named Infineon a top pick for 2024 after it reports earnings and made no change to its Buy rating or EUR 50 price target. The stock could pull back if a “Mobileye scenario” plays out, and New Street would buy any weakness, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IFNNY: