Infineon Technologies AG (IFNNF) Receives a Buy from Deutsche Bank

By Jason Carr

Deutsche Bank analyst Johannes Schaller maintained a Buy rating on Infineon Technologies AG (IFNNFResearch Report) today and set a price target of $23. The company’s shares opened today at $22.97.

According to TipRanks.com, Schaller is ranked #4518 out of 5182 analysts.

Currently, the analyst consensus on Infineon Technologies AG is a Moderate Buy with an average price target of $24.95, representing an 8.6% upside. In a report issued on April 10, UBS also maintained a Buy rating on the stock with a $25 price target.

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The company has a one-year high of $29.70 and a one-year low of $18.45. Currently, Infineon Technologies AG has an average volume of 8,581.

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Infineon Technologies AG engages in the provision of semiconductor and system solutions. It operates through the following segments: Automotive; Industrial Power Control; Power Management and Multimarket; and Chip Card and Security. The Automotive segment designs, develops, manufactures, and markets semiconductor for automotive applications.