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Fly News Breaks for July 11, 2017
STM
Jul 11, 2017 | 06:49 EDT
JPMorgan analyst Sandeep Deshpande upgraded STMicroelectronics (STM) to Overweight citing the stock's underperformance over the past three months. The analyst believes the market is underestimating the company's second half of 2017 potential. The 3D sensing win at Apple (AAPL) and silicon carbide win at Tesla (TSLA) are likely to drive positive earnings estimate revisions in 2018, Deshpande tells investors in a research note. He has a EUR 16.30 price target for the shares.
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