Infineon Technologies is trading 4.14% down now at €56.03 after Morgan Stanley downgraded the shares to Equal Weight from Overweight and cut its price target from €81 to €65.
- The downgrade cited concerns around data-center guidance and prompted continued selling after the September 8 announcement.
- Company-specific pressure outweighs the broader semiconductor rally.
- Weaker global risk sentiment adds limited additional pressure.