STMicroelectronics (STM) Stock Rating Reaffirmed by Bank of America

STMicroelectronics (EPA:STM)‘s stock had its “neutral” rating reissued by Bank of America in a report issued on Friday, September 14th.

A number of other research firms have also commented on STM. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on shares of STMicroelectronics and gave the company a “buy” rating in a research report on Wednesday, September 5th. UBS Group set a €16.50 ($19.19) target price on shares of STMicroelectronics and gave the stock a “sell” rating in a research report on Friday, August 17th. Cfra set a €25.80 ($30.00) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, June 21st. Credit Suisse Group set a €27.00 ($31.40) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Finally, Barclays set a €26.00 ($30.23) target price on shares of STMicroelectronics and gave the stock a “buy” rating in a research report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €21.63 ($25.15).

EPA:STM traded up €0.08 ($0.09) on Friday, reaching €19.87 ($23.10). The stock had a trading volume of 1,220,000 shares, compared to its average volume of 2,270,000. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94).

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Analyst Recommendations for STMicroelectronics (EPA:STM)

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