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IFX - Infineon Technologies AG News Story

€31.62 1.0  3.3%

Last Trade - 14/05/21

Sector
Technology
Size
Large Cap
Market Cap £35.44bn
Enterprise Value £38.65bn
Revenue £8.61bn
Position in Universe 36th / 1053

BUZZ-Melexis: UBS downgrade dents shares

Mon 3rd August, 2020 10:52am
** Shares in Belgian semiconductors group Melexis  MLXS.BR 
fall 1.5% after UBS cuts its rating to "sell" from "neutral"
    ** The broker points to challenging growth expectations and
unattractive risk rewards
    ** UBS says Melexis will miss market hopes for medium-term
content growth and diversifying products beyond automotive will
take time
    ** The broker adds that the stock is valued higher than
peers STMicroelectronics  STM.BN  and Infineon  IFXGn.DE , which
it expects to outperform Melexis in the shift towards electric
vehicles

 ((sarah.morland@thomsonreuters.com; +48 58 778 53 35;))
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