Jefferies upgraded Infineon to Buy from Hold with a price target of EUR 46, up from EUR 40. The company has a “market-leading” automotive portfolio, with share gains expected across multiple devices, the analyst tells investors in a research note. The firm says near-term estimate cuts are priced while a “steady re-rating should drive upside.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on IFNNY:
