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Fly News Breaks for June 11, 2018
UMC
Jun 11, 2018 | 07:31 EDT
As previously reported, Bernstein analyst Mark Li upgraded UMC to Market Perform from Underperform as he believes the company will deliver a better capital return. The analyst also raised his price target on the shares to $2.60 from $2.10.
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."
