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Fly News Breaks for January 27, 2017
STM
Jan 27, 2017 | 08:26 EDT
Baird analyst Tristan Gerra raised his price target on STMicroelectronics to $15 from $11 following Q4 results. The analyst cited the favorable macro backdrop, improved execution and operating expense discipline, and continued new product innovation. Gerra reiterated his Buy rating on STMicroelectronics shares.
News For STM From the Last 2 Days
STM
Apr 29, 2024 | 06:42 EDT
HSBC lowered the firm's price target on STMicroelectronics to EUR 56 from EUR 61 and keeps a Buy rating on the shares. Post the company's 2024 guidance cut, the firm expects demand concerns to ease with focus likely to move to STM's $5-$6 in earnings per share power. The analyst continues to see the stock's risk/reward skewed to the upside.