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Bank of America lowers Infineon price target to 80 euros

Investing.com · ·by G4L

BAC Bank Of America Corp
$50.67 -0.02%
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  1. 1Bank of America lowered its price target for Infineon from 88 euros to 80 euros.
  2. 2Bank of America adjusted its FY2028 EV/EBITDA target multiple down to 12x from the previous 13x.
  3. 3Infineon announced revenue guidance of 20 billion euros.

So what's the key point?

Bank of America lowered the price it expects Infineon's stock to reach to 80 euros. This means the standard used to calculate the company's value has been set lower.

Source Investing.com · View original ↗

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