Infineon’s trade comes two days after it posted better than expected results — well against the trend for its sector. This saw its share price rocket by 11% to €34.58.
BofA downgraded STMicroelectronics' (NYSE:STM) stock to Neutral from Buy and cut the price target to €23 from €29 (to $24 from $30) citing relative preference for Infineon Technologies (OTCQX:IFNNY) ...
Shares in Infineon were up 11% at 0815 GMT, on track for their best day since May. The stock topped German blue-chip index "Infineon's report likely eased concerns about continued deterioration in ...