Accueil > Actualité
Actualite financiere : Actualite bourse

STMicroelectronics: UBS downgrades rating

(CercleFinance.com) - UBS has downgraded its rating on the STMicroelectronics share from "buy" to "neutral," even though it has raised its corresponding target price from 31.
5 euros to 35 euros, which suggests limited upside potential of 4% for the semiconductor maker's stock.

While the broker says, "We continue to see good earnings momentum ahead for STMicro", it also underlines the sector's current valuation, which leads it to downgrade its "buy" rating on the Franco-Italian group's share.


Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.