Information Provided By: 
Fly News Breaks for January 6, 2020
STM
Jan 6, 2020 | 07:17 EDT
Jefferies analyst Mark Lipacis initiated coverage of STMicroelectronics with a Hold rating and $30 price target. The analyst likes the company's s fundamentals and believes it will increase its dividend within 12-24 months. However, he thinks the potential for multiple expansion is low since STMicroelectronics is in a capital expenditure cycle. As such, Lipacis prefers to wait for a better entry point.
News For STM From the Last 2 Days
STM
Apr 23, 2024 | 05:37 EDT
STM
Apr 23, 2024 | 04:26 EDT
Berenberg upgraded STMicroelectronics to Buy from Hold with a price target of EUR 49, down from EUR 53. The semiconductors market us "not too far from recovery," the analyst tells investors in a research note. The firm says the negative industry end market trend is now priced into shares and concerns about Chinese auto semiconductor localization are overdone. Also, auto semi content growth should continue, driven by vehicle digitization, contends Berenberg.
