Infineon: Stifel stays long, adjusts its target

( – Stifel reiterates its ‘buy’ recommendation on Infineon with an adjusted price target of 49 to 48 euros, despite an EPS forecast for the 2022 financial year raised by 11% after the publication of its first quarter results accounting.

The broker explains reducing its target on the title to take into account the latest devaluation of the technology sector, but expect that the positive results momentum persists for the German manufacturer of semiconductors.

‘We expect Infineon to continue to enjoy margin support thanks to a favorable pricing environment helped by low inventory and shortages, particularly in automotive, Infineon’s core end market (44 % of his income),’ he explains.

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