Infineon Technologies AG Rating Lowered to Market Perform at Sanford C. Bernstein (IFNNY)
Infineon Technologies AG (NASDAQ:IFNNY) was downgraded by Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, AR Network reports.
A number of other firms have also recently commented on IFNNY. Analysts at Goldman Sachs Group Inc. downgraded shares of Infineon Technologies AG from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Analysts at Zacks reiterated a “neutral” rating on shares of Infineon Technologies AG in a research note to investors on Wednesday, November 20th. They now have a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.00.
Infineon Technologies AG is a Germany-based company developing semiconductors and system solutions for automotive and industrial electronics, and chip card, as well as security applications.
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