Infineon Technologies AG : No disaster in 2024, the group has the situation under control, but the recovery is set to be slow in 2025
>Outperform rating reiterated, target price of € 46 unchanged - Following yesterday’s Q3 2024 earnings publication and the very slight downward revision to guidance for 2024 (which we had anticipated and which is extremely limited compared to STM), we reiterate our Outperform rating and our target price (by DCF and SOP) of € 46. After a 20% fall in the share price over one month (led by the sector and the poor results published by STM), the stock is trading at less th...Infineon Technologies is a semiconductor manufacturing company. The Automotive segment designs, develops, manufactures and markets semiconductors for use in automotive applications. The Industrial Power Control segment designs, develops, manufactures and markets semiconductors for the generation, transmission and economy in the use of electrical energy. The Power Management & Multimarket segment designs, develops, manufactures and markets semiconductors for power supplies, mobile devices and mobile phone network infrastructures. The Chip Card & Security segment designs, develops, manufactures and markets semiconductor-based security products for card applications and networked systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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