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HSBC raises target prices for Infineon and STMicroelectronics: Analog chip market recovery and AI demand drive accelerated profit rebound

HSBC raises target prices for Infineon and STMicroelectronics: Analog chip market recovery and AI demand drive accelerated profit rebound

老虎证券老虎证券2026/06/30 10:04
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The recovery in sales combined with price increases will accelerate the dissipation of costs related to underutilized capacity, driving the profitability and margin recovery of Infineon and STMicroelectronics. HSBC maintains a “Buy” rating on both companies, raising Infineon's target price from 68 euros to 107 euros, and STMicroelectronics' target price from 53 euros to 84 euros.
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