STMicro: Barclays remains Overweight in line

(CercleFinance.com) - Barclays reaffirms its 'weight in line' recommendation and 25-euro price target on STMicroelectronics, following the semiconductor group's update on its vision for achieving its target of at least $20 billion in revenues.


If STMicro can execute, we see upside potential, but we believe that many issues need to be resolved before comfort on this trajectory can be found", judges the broker, who sees "few positive catalysts in the short term".

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