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Fly News Breaks for October 13, 2015
UMC
Oct 13, 2015 | 15:39 EDT
As previously reported, JPMorgan analyst Gokul Hariharan upgraded United Microelectronics (UMC) to Overweight, citing more confidence in semi restocking in the first half of 2016. The analyst noted that UMC has historically outperformed the Taiwan Semi index in most restocking cycles and Hariharan expects this trend to be repeated this time too. The analyst raised hie price target on United Micro to NT$15 from NT$12.
News For UMC From the Last 2 Days
UMC
Apr 24, 2024 | 11:31 EDT
Citi analyst Laura Chen upgraded UMC to Buy from Neutral with a NT$58 price target after the company posted better-than-expected Q1 results. UMC expects wafer shipments to rise by a low-single digit percentage quarter-over-quarter with average selling price staying firm, notes the analyst, who sees a "gradual improvement on the way."
