11 stories mentioning IFX.F
Every FINWIRES story that references IFX.F, newest first.
MP Capital Markets on Friday downgraded semiconductor company Infineon Technologies (IFX.F) to hold from buy and raised its price target to 84 euros from 47 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
German equities wrapped up Tuesday's trading in the green, with the blue-chip DAX index up 0.48%, after the market assessed the latest eurozone inflation print, trade updates, and developments on the Middle East war.According to provisional data from Eurostat, annual inflation in the euro area stood at 3.2% in May, in line with market expectations and against the previous month's 3%. The core rate, which excludes energy, food, alcohol and tobacco, stood at 2.5%, above the prior 2.2% and the expected 2.4%."A week ahead of the next [European Central Bank] meeting, this is the expected uptick in inflation that will motivate the central bank to decide on an 'insurance' hike," ING said. "With the war in the Middle East entering its fourth month, the energy price shock has become more permanent - even though oil prices are actually lower than what many had pencilled in for a more adverse scenario regarding the length of the war. This is also why there won't be any automatic shift in inflation and growth scenarios at the ECB's meeting next week."In trade news, the European Parliament's trade committee gave its preliminary approval for a trade agreement with the US. The approved measures cover changes to current legislation to enable the EU to scrap tariffs on American industrial goods and select farm products. A parliamentary plenary vote is expected on June 16, ahead of US President Donald Trump's threat of steeper levies if a trade pact is not finalized by July 4.On the geopolitical front, Reuters reported, citing Iran's Mehr News Agency, that Tehran is currently evaluating a proposed temporary peace agreement with the US. The report follows Trump's comments that negotiations between the two nations are ongoing and a deal to extend the ceasefire and reopen the Strait of Hormuz is expected over the next week.In corporate news, Infineon Technologies (IFX.F) surged to the top of the index, climbing 9.52%, after fellow semiconductor company STMicroelectronics raised its 2026 data center revenue targets amid robust artificial intelligence-related demand.Meanwhile, BofA Global Research reiterated Bayer's (BAYN.F) buy rating, with a price objective of 50 euros, as the research firm noted the German life science company's Glyphosate Missouri class action was transferred to the Northern California federal court under US District Judge Vince Chhabria. Bayer was one of the worst performers on the index, closing 2.93% lower."There is some debate on validity of the removal and whether there is any route to remanding it back to Missouri. It's unclear who has the final decision as to whether the class being removed was appropriate (the Missouri federal court or Chhabria), though some legal feedback suggests it may be Chhabria's decision. As a reminder, Chhabria was very negative on the class action in an oral argument a few weeks ago (but didn't get involved due to lack of jurisdiction) and he rejected Bayer's 2020 attempt at a class settlement. From here we see it unclear how timelines for Chhabria's involvement in the class evolve, or any appeals for remanding the class action back to Missouri, relative to the June 4th opt-out deadline (unchanged), and SCOTUS decision widely anticipated by end June/early July," BofA wrote.
Deutsche Bank on Thursday raised its price target for German semiconductor company Infineon Technologies (IFX.F) to 90 euros from 70 and affirmed its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Germany's blue-chip DAX index reversed its earlier gains, closing 0.80% lower on Tuesday, as investor caution resurfaced following fresh US strikes on Iran and threats from Tehran.Overnight US strikes on Iranian missile sites and mine-laying boats, which US Central Command said were launched in self-defense, have put renewed pressure on April's fragile ceasefire. The military action hit just hours after US President Donald Trump claimed negotiations to extend the truce and report the Strait of Hormuz were moving forward, and shortly before Iran's Supreme Leader Mojtaba Khamenei warned that "nations and lands of the region will no longer be a shield for American bases."Danske Bank noted that Brent crude rebounded to $98.10 per barrel following the strikes, though it still trades lower than May 22's close of $103.50.Closer to home, European Central Bank executive board member Isabel Schnabel told Reuters that the ECB will likely need to raise interest rates in June to address a "much more persistent" inflation shock. With eurozone inflation at 3% and projected to approach 4% by the end of 2026, Schnabel warned that "looking through" the shock is no longer an option. However, she noted the ECB remains "strictly data dependent" and will not pre-commit beyond the June meeting.In Germany, export expectations further deteriorated in May as geopolitical uncertainty continues to cloud the industrial outlook, according to the ifo Institute. The ifo export expectations tumbled to -5.5 points from April's -1.2 points, with declines projected in foreign sales across the automotive, metal, and energy-intensive sectors.On the corporate front, Fresenius Medical Care (FME.F) was down 0.88% after the German healthcare company announced plans to launch a new share buyback program worth 1 billion euros. The program will be executed in tranches over 12 months, starting in the "near future."Meanwhile, mwb Research downgraded its rating on Infineon Technologies (IFX.F), noting the German semiconductor company's recent sharp rally created an "increasingly unfavorable setup" despite its solid strategic positioning and a strong operating environment. Infineon gained 1.07% at the end of the trading day."Infineon's fundamentals are clearly improving, with AI strength broadening into industrial recovery and early automotive stabilization, while order intake continues to move in the right direction. However, the stock has already captured this better backdrop: the broader chips trade has become crowded, valuations have rerated sharply, and further upside now depends on continued positive revisions and sustained multiple expansion," the research firm wrote. "With the stock materially above our revised EUR 60.00 price target, up from EUR 58.00, the risk-reward balance no longer supports a neutral stance. We therefore downgrade Infineon from HOLD to SELL."
MWB Research on Tuesday downgraded German semiconductor company Infineon Technologies (IFX.F) to sell from hold and raised its price target to 60.00 euros from 58.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Germany's blue-chip DAX closed 1.38% higher on Wednesday, as investors assessed fresh economic data alongside the latest updates on the European Union-US trade front.Destatis reported that producer prices rose 1.7% year over year in April 2026, compared with a 0.2% decrease earlier and the market forecast of a 1.5% rise. The reading marks the highest increase since May 2023. The German Federal Statistical Office attributed the growth to higher energy prices, intermediate goods, and capital and durable goods."Today's producer price inflation confirms that a first inflation wave is in full swing. An inflation wave that remains mainly limited to energy prices but is gradually broadening. It won't be long before higher energy prices lead to knock-on effects on transportation and food costs. Needless to say, the longer the war in the Middle East and the blockade of the Strait of Hormuz last, the higher the likelihood that the initial energy price shock will not only have knock-on effects but could also be accompanied by additional supply chain frictions and, in turn, a self-enhancing inflationary spiral," ING wrote.Markets also tracked the US-Iran conflict after Tehran warned of broader retaliation if the US resumes strikes, while continued disruptions in Hormuz kept oil prices volatile.Meanwhile, in a bid to avoid higher US tariffs, the European Council and Parliament reached a preliminary agreement on regulations to scrap remaining duties on US industrial imports and grant preferential market access to select goods. The legislation is intended to fulfill the EU's obligations under the July 2025 trade pact.The VDMA industry association, representing the European machinery and equipment manufacturing sector, said the EU should continue negotiations aimed at securing the same 15% tariff ceiling for remaining steel and aluminum derivative products, adding that planning certainty was crucial for manufacturers.In corporate news, Infineon Technologies (IFX.F) was the top gainer on the index, climbing 5.11%, after it launched Moore4Power, an EU-backed semiconductor research and development project focused on smart power electronics, with 62 partners across 15 European countries.Siemens Energy (ENR.F) gained 3.95% after announcing the early extension of its supply agreement with Austria-based energy infrastructure company Asta Group. Asta will continue supplying specialized copper and custom conductor components to all of the German energy technology company's European transformer plants through 2032.
German equities rose on Thursday, as investor attention remained focused on the ongoing two-day summit between US President Donald Trump and Chinese President Xi Jinping.Amid a quiet day for local economic news, the blue-chip DAX index ended the trading day 1.32% in the green.Trump and Xi are expected to discuss trade, technology, Iran, and Taiwan, with investors monitoring potential deals on tariffs and artificial intelligence. Semiconductor stocks rallied globally after Reuters reported, citing sources familiar with the matter, that the US cleared Nvidia (NVD.F) to sell its H200 AI chips to 10 Chinese tech companies, including Alibaba, ByteDance, and JD.com.Against this backdrop, German semiconductor manufacturer Infineon Technologies (IFX.F) became the blue-chip index's best performer, climbing 5.76%, while Nvidia's Frankfurt-listed shares gained 4.43%.In other corporate updates, Siemens' (SIE.F) mobility division agreed to buy several core units of Italian railway signaling systems company Mermec Group to bolster its international rail technology portfolio. The acquisition specifically involves Mermec's businesses in Italian wayside signaling, electrification, telecommunication, diagnostics, analytics, and worldwide data infrastructure. The German technology conglomerate gained 2.59% at close.Meanwhile, RBC Capital Markets said Allianz (ALV.F) continues to deliver at a "high level" after the German insurer and asset manager reported that its first-quarter operating profit climbed 6.6% to a record level of 4.52 billion euros and affirmed it remains on track to hit its full-year 2026 operating profit target of 17.4 billion euros, plus or minus 1 billion euros. The stock climbed 2.15%."Allianz's scale and diversification again paid dividends in Q1, with [property and casualty and asset management] in particular well positioned in the current macro environment. Modestly higher inflation expectations seem a net positive for the company. We are now towards the upper-end of FY26 operating profit guidance, with low double-digit implied upside to our unchanged [target price of 400 euros], a premium multiple to composite peers," the research firm wrote, with a sector perform rating.
Oddo BHF on Thursday downgraded German semiconductor company Infineon Technologies (IFX.F) to neutral from outperform and raised its price target to 60 euros from 50 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
German equities fell Wednesday, as investors assessed the federal government's spring economic forecast alongside a flurry of corporate updates.At closing, the blue-chip DAX index was down 0.31%.Federal Minister for Economic Affairs and Energy Katherina Reiche said the government now expects Germany's gross domestic product growth at 0.5% in 2026, down from the prior forecast of 1%, as energy and raw material prices surge amid the US-Iran conflict. In 2027, real GDP growth is projected to slightly accelerate at 0.9%, against the previous estimate of 1.3%. Inflation for the two-year period is seen at 2.7% and 2.8%, respectively.Speaking of the Middle East war, US President Donald Trump announced an indefinite ceasefire with Iran, the de-escalation remains tenuous, with the move viewed as a unilateral declaration without confirmation of compliance from Tehran or Tel Aviv. Trump also confirmed the US Navy would continue to block Iranian ports and coastlines."Three weeks ago, we saw a marked shift in the US-Iran War, from its 'kinetic' phase (bombing, etc.) to its 'economic' phase (mainly, the US's blockade of the Strait of Hormuz). This shift hasn't restored safe passage in the Strait yet, but traders are comforted, perhaps because the economic war attests to the US's strength (the navy's power to enforce a blockade and 'starve' Iran). The feeling is that this is a 'superior' strategy, which could lead to concessions from Iran earlier than otherwise," Macquarie said. "But controlling Hormuz also makes common cause with the US's recent attempts to control other critical 'straits', such as Gibraltar, Malacca, the Greenland-Iceland-UK Gap (GIUK), and Panama. If so, the US's long-term 'goal' may be to prevent China's hegemony by controlling all the physical nodes through which China's economy depends for its flows. Against that goal, having lower oil prices is of secondary importance to the US."On the corporate side, German semiconductor company Infineon Technologies (IFX.F) surged to one of the top spots of the blue-chip DAX, rising 3.23%, benefiting from a sector-wide rally after Dutch computer chip maker ASM International and electrification and automation company ABB reported strong first-quarter figures amid the ongoing artificial intelligence investment boom.Meanwhile, Deutsche Telekom (DTE.F) is weighing a potential merger with its US subsidiary, T-Mobile US, in a move to streamline the group's corporate and operational structure, according to a Bloomberg report. The deal would reportedly involve the creation of a new holding company designed to absorb the shares of both the German telecommunications company and its 53%-owned US unit. Deutsche Telekom was the worst performer, dropping 4.55%.
BM Pekao on Tuesday downgraded German semiconductor company Infineon Technologies (IFX.F) to hold from buy and raised its price target to 50.56 euros from 46.97 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The blue-chip DAX index finished Friday's session flat at 0.01% in the red, as market watchers focused on the upcoming negotiations between the US and Iran.Hopes for a regional cooling-off period and the reopening of the Strait of Hormuz rose after Israel signaled a desire for talks with Lebanon. Tehran has highlighted Israel's ongoing military operations in Lebanon as a major hurdle in its broader ceasefire deal with Washington. The US and Iran are scheduled to hold closely watched negotiations in Pakistan on Saturday.In local economic news, Destatis confirmed in its final data that Germany's annual inflation rate accelerated to 2.7% in March 2026 from 1.9% previously, marking its highest level since January 2024. The core rate, which excludes food and energy prices, was unchanged at 2.5%."The significant increase in the prices of energy products is driving up inflation. In particular, motor fuel and heating oil prices have risen sharply for consumers since the start of the Iran war," Federal Statistical Office President Ruth Brand said.The conflict in the Middle East also impacted Germany's travel industry, according to the ifo Institute's latest business survey. The ifo business climate index for travel agencies and tour operators plunged to -41.7 points from -14.8 points, reflecting sharper pessimism regarding current conditions and future expectations.Additionally, ifo noted that more travel agencies and tour operators are projecting higher costs for travel services in the coming months amid rising fuel costs. "An increase in the inflation rate is likely to strain the travel budgets of many vacationers as the year goes on," industry expert Patrick Höppner said.On the corporate front, Nordex (NDX1.F) secured an order for 13 of its N175/6.X turbines for an undisclosed wind farm project in Spain. The deal includes an initial capacity of 80 megawatts, with an option to expand the total capacity to 120 megawatts. The German wind turbine manufacturer fell 0.39% on Xetra by the end of the trading day.Meanwhile, tech stocks Siemens (SIE.F) and Infineon Technologies (IFX.F) were among the DAX's best performers, gaining by 1.32% and 1.03%, respectively, on the back of a better-than-expected first-quarter revenue for Taiwanese chipmaker TSMC amid increasing artificial intelligence-related demand.