Infineon Technologies AG (IFXA) PT Set at €29.00 by Bank of America Corporation

Infineon Technologies AG (ETR:IFXA) received a €29.00 ($34.12) target price from equities researchers at Bank of America Corporation in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the technology company’s stock.

Several other equities research analysts also recently issued reports on IFXA. Citigroup Inc. set a €21.25 ($25.00) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research note on Monday. Independent Research GmbH set a €19.50 ($22.94) price objective on shares of Infineon Technologies AG and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Kepler Capital Markets set a €21.50 ($25.29) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. UBS AG set a €21.00 ($24.71) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research note on Friday, September 29th. Finally, J P Morgan Chase & Co set a €21.50 ($25.29) price objective on shares of Infineon Technologies AG and gave the stock a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of €19.90 ($23.41).

Infineon Technologies AG (IFXA) opened at 22.208 on Tuesday. The stock has a market cap of €25.07 billion and a PE ratio of 30.133. The firm has a 50-day moving average of €20.59 and a 200 day moving average of €19.39. Infineon Technologies AG has a 12 month low of €14.86 and a 12 month high of €22.22.

TRADEMARK VIOLATION NOTICE: “Infineon Technologies AG (IFXA) PT Set at €29.00 by Bank of America Corporation” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/17/infineon-technologies-ag-ifxa-pt-set-at-29-00-by-bank-of-america-corporation.html.

Infineon Technologies AG Company Profile

Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. It diversifies its operations into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket.

Analyst Recommendations for Infineon Technologies AG (ETR:IFXA)

Receive News & Ratings for Infineon Technologies AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infineon Technologies AG and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply