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Fly News Breaks for January 7, 2020
STM
Jan 7, 2020 | 17:45 EDT
Goldman Sachs analyst Alexander Duval downgraded STMicroelectronics to Neutral from Buy with a price target of $27.40, up from $26.30. Duval noted that since STMicroelectronics was added to the firm's Buy List in August of last year, shares are up by 53%, and it is now being downgraded following its outperformance with its thesis being largely played out.
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