
Infineon Technologies AG (IFNNF) Gets a Hold from J.P. Morgan
In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on Infineon Technologies AG (IFNNF – Research Report), with a price target of €38.50. The company's shares closed today at $39.09.
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Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. According to TipRanks, Deshpande has an average return of 7.8% and a 51.77% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Infineon Technologies AG with a $44.67 average price target.
IFNNF market cap is currently $49.24B and has a P/E ratio of 59.04.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IFNNF in relation to earlier this year.
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