JPMorgan analyst Sandeep Deshpande placed both STMicroelectronics (STM) and Infineon (IFNNY) on “Positive Catalyst Watch” into the earnings reports while keeping a Neutral rating on both names. There are indications that China orders for microcontroller units have improved for STM with the inventory correction that plagued this segment easing, the analyst tells investors in a research note. For Infineon, JPMorgan says end market restocking could support a fiscal 2025 guidance raise.
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