STMicro: Barclays remains neutral

(CercleFinance.com) - Barclays confirms its 'equal weight' recommendation on STMicroelectronics shares, along with its E25 TP, following the semiconductor group's progress report in achieving its revenue target of at least $20bn.


If STMicro can execute, analysts see upside potential, although they believe that many issues need to be resolved before comfort on this trajectory can be found, the broker says, which sees few positive catalysts in the near term.


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