STMicro: Oddo remains a buyer ahead of CMD
(CercleFinance.com) - STMicroelectronics has reported diluted Q1 2019 EPS that is down at 0.
20 dollar, vs. 0.26 dollar in Q1 2018, with an operating margin that is down 190 basis points at 10.2% of net sales.
What is to be expected from next Tuesday's investor day in London? Oddo asks in its daily equity review. This is the first Capital Market Day for Jean Marc Chery, who is alone at the helm, Oddo points out. Before this meeting, the broker confirms its buy rating on the share, along with its target price of 20 euros.
Oddo believes that the context is tighter due to the resurgence of trade tensions, although analysts believe that the tone will remain positive in the first half of 2019.
The group should also take the time, like it did at the Mobile World Congress, to review its portfolio and its opportunities, the broker said.
Copyright (c) 2019 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.
20 dollar, vs. 0.26 dollar in Q1 2018, with an operating margin that is down 190 basis points at 10.2% of net sales.
What is to be expected from next Tuesday's investor day in London? Oddo asks in its daily equity review. This is the first Capital Market Day for Jean Marc Chery, who is alone at the helm, Oddo points out. Before this meeting, the broker confirms its buy rating on the share, along with its target price of 20 euros.
Oddo believes that the context is tighter due to the resurgence of trade tensions, although analysts believe that the tone will remain positive in the first half of 2019.
The group should also take the time, like it did at the Mobile World Congress, to review its portfolio and its opportunities, the broker said.
Copyright (c) 2019 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.