Infineon's New Lower Guidance Could Prove Too Conservative -- Market Talk

Dow Jones05-07

0800 GMT - Infineon Technologies' new lower 2024 guidance could turn out to be too conservative, Jefferies analysts Janardan Menon and Olivia Honychurch say in a research note. The German chip maker lowered its outlook and cut its revenue forecast by 5.6% to a midpoint of EUR15.1 billion. However, with inventory corrections in most segments showing signs of bottoming out, the analysts say further guidance cuts are likely to be limited and investors might consider any weakness an attractive buying opportunity given the company's stronger longer-term outlook, Jefferies says. Shares trade 6.0% higher at EUR34.17. (nina.kienle@wsj.com)

(END) Dow Jones Newswires

May 07, 2024 04:00 ET (08:00 GMT)

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The German chip maker ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IFNNY","symbol_name":"Infineon Technologies AG","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2433247965","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433247965","pubTimestamp":1715068800,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0800 GMT - Infineon Technologies' new lower 2024 guidance could turn out to be too conservative, Jefferies analysts Janardan Menon and Olivia Honychurch say in a research note. 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