Why a big Picture Breakout Could be Ahead for Infineon!
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The shares of Infineon (WKN 623100) have been moving sideways since June. The sentiment for chip stocks has improved, and the following four reasons could indicate that the consolidation is coming to an end soon, bringing the big picture breakout into focus: Oddo BHF has raised its price target from €40 to €47 and confirmed an Outperform rating. The over 30% potential makes the stock interesting. Additionally, UBS raised its target from €41 to €44. The demand trough among automotive chip manufacturers should have been passed, as...
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