Infineon Technologies (ETR:IFX) May Have Just Reached An Inflection Point; Norddeutsche Landesbank Upgrades Shares

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Infineon Technologies (ETR:IFX) Stock Upgrade

Frankfurt-listed Infineon Technologies (ETR:IFX), was increased by analysts at Norddeutsche Landesbank today. Norddeutsche Landesbank increased its rating on the 14.99B EUR market capitalized company to a Buy, and decided to leave its target price per share of EUR 15.00 on IFX shares.

From a total of 17 analysts covering Infineon Technologies (ETR:IFX) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is €16.50 while the lowest target price is €9.40. The mean of all analyst targets is €12.39 with a -6.63% below today’s (€13.27) stock price. Infineon Technologies was the topic of 39 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Commerzbank upgraded shares on November 27 to “Buy” rating. Hauck & Aufhäuser Privatbankiers KGaA maintained shares with “Hold” rating and €10.60 target share price in a report from a November 26. Kepler Cheuvreux maintained IFX stock in a recent report from November 27 with “Hold” rating. Bernstein upgraded the rating on November 26. Bernstein has a “Outperform” rating and a €14 price target on shares. Finally, Credit Suisse upgraded the stock to “Outperform” rating in a report issued on a November 26.

Approximately 586,213 shares of stock traded hands. Infineon Technologies AG (ETR:IFX) has risen 7.50% since April 30, 2015 and is uptrending. It has outperformed by 8.86% the S&P500.

 Infineon Technologies (ETR:IFX) May Have Just Reached An Inflection Point; Norddeutsche Landesbank Upgrades Shares

Infineon Technologies AG is a Germany firm developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications. The company has a market cap of 14.99 billion EUR. It diversifies its activities into four main divisions: Automotive; Industrial Power Control; Chip card & Security, and Power Management and Multimarket. It has 33.55 P/E ratio. The Automotive division designs, develops, makes and markets semiconductors for use in automotive applications.

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