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IFX - Infineon Technologies AG News Story

€31.5 -0.1  -0.2%

Last Trade - 4:35pm

Large Cap
Market Cap £35.27bn
Enterprise Value £38.47bn
Revenue £8.59bn
Position in Universe 37th / 1051

BUZZ-Top of the Street: Lloyds, Virgin Money, Travis Perkins, Infineon, IAG, Elisa, Novartis

Mon 22nd March, 2021 11:32am
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    ** JP Morgan raises Lloyds  LLOY.L  to "overweight" from
"neutral," citing improved outlook for provisioning in 2021 and
increased net interest income expectations given the rate
    ** JP Morgan cuts Virgin Money  VMUK.L  to "underweight"
from "neutral," driven by a better outlook for provisioning in
the near term and increased net interest income and other income
in the medium term
    ** RBC upgrades Britain's biggest building materials seller
Travis Perkins  TPK.L  to "outperform" from "sector perform" on
Wickes demerger*:nL4N2LK22Q
    ** Credit Suisse raises German chipmaker Infineon
Technologies  IFXGn.DE  to "outperform" from "underperform," 
believing the company can exceed its mid-term targets for sales 
    ** Deutsche Banks cuts British Airways' owner IAG  ICAG.L 
to "hold" from "buy" seeing only about 2% further upside to
share price
    ** Goldman Sachs raises Finnish telecommunications company
Elisa  ELISA.HE  to "buy" from "neutral," saying the company's
superior and resilient revenue growth looks set to accelerate on
the broker's estimates*:nL8N2LK1D3
    ** Bernstain starts Novartis AG  NOVN.S  with "market
perform rating" with mixed feelings on the base but a positive
bias on the pipeline
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)

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