STMicro: Oddo still a buyer
(CercleFinance.com) - While STMicro held the second part of its Capital Market Day at the end of last week, Oddo maintains its buy rating on the stock with an unchanged target price of 40 euros.
The analyst points out that STMicro is increasingly exposed to the trends of electrification, digitalisation and vehicle autonomisation. Today, 35% of its sales come from these trends and this is set to increase to 60% within 3 years, the broker analyses.
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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.
The analyst points out that STMicro is increasingly exposed to the trends of electrification, digitalisation and vehicle autonomisation. Today, 35% of its sales come from these trends and this is set to increase to 60% within 3 years, the broker analyses.
Copyright (c) 2020 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.