Main First Bank AG Reiterates Outperform on STMicroelectronics NV (STM)
STMicroelectronics NV (EPA: STM)‘s stock had its “outperform” rating reaffirmed by research analysts at Main First Bank AG in a report released on Thursday. They currently have a $9.74 (€8) target price on the stock.
STMicroelectronics NV traded up 3.13% on Thursday, hitting €6.091. STMicroelectronics NV has a 52-week low of €3.638 and a 52-week high of €6.458. The stock’s 50-day moving average is currently €4.5. The company’s market cap is €5.408 billion.
Several other analysts have also recently commented on the stock. Analysts at Banca Akros reiterated a “buy” rating on shares of STMicroelectronics NV in a research note to investors on Tuesday. They now have a $9.08 price target on the stock. Separately, analysts at AlphaValue reiterated a “buy” rating on shares of STMicroelectronics NV in a research note to investors on Thursday, January 3rd. They now have a $9.49 price target on the stock. Finally, analysts at Exane BNP Paribas reiterated a “neutral” rating on shares of STMicroelectronics NV in a research note to investors on Monday, December 17th. They now have a $5.61 price target on the stock.
STMicroelectronics N.V. is a global independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.
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