STMicro: Barclays cuts target price
(CercleFinance.com) - Barclays reiterates its 'underweight' recommendation on STMicroelectronics, while reducing its target price from E20 to E16, pointing to limited visibility, which it says is unlikely to improve until later in the year.
As in the previous quarter, we considerably reduced the figures, remain below consensus and are finding it difficult to build an attractive investment case at this stage, the broker said after the Franco-Italian chipmaker's results.
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As in the previous quarter, we considerably reduced the figures, remain below consensus and are finding it difficult to build an attractive investment case at this stage, the broker said after the Franco-Italian chipmaker's results.
Copyright (c) 2025 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.