STMicro: Liberum enters stock into best pick list
(CercleFinance.com) - Broker Liberum has updated its list of best pick stocks, which now include the Franco-Italian semiconductor manufcaturer, STMicroelectronics, which has replaced the German group Infineon.
Maintaining a buy rating on the share, Liberum has a target price 23 euros, meaning upside potential of over 40%.
Despite an uncertain environment, STMicro should record strong sales growth in both H2 2019 and beyond, the broker says in its report on the share, thanks to the contracts that it has recently won for smartphones, in addition to those in the automobile and industrial sectors.
Finally, STMicro's growth should be accompanied by improving margins, even though the stock is cheaper than peers, Liberum says.
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.
Maintaining a buy rating on the share, Liberum has a target price 23 euros, meaning upside potential of over 40%.
Despite an uncertain environment, STMicro should record strong sales growth in both H2 2019 and beyond, the broker says in its report on the share, thanks to the contracts that it has recently won for smartphones, in addition to those in the automobile and industrial sectors.
Finally, STMicro's growth should be accompanied by improving margins, even though the stock is cheaper than peers, Liberum says.
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.