STMicro downgraded by analysts

(CercleFinance.com) - STMicroelectronics is down by more than 2%, weighed down by a downgrade by Oddo BHF from 'outperform' to 'neutral', with its target price for the Franco-Italian semiconductor manufacturer reduced from €36 to €28.


Judging that 'the crisis is deeper and longer than expected', the research firm explains that it is adopting a much more cautious scenario for the group over 2025, with significant revisions that take it well below consensus.

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