STMicroelectronics shares are trading higher after Jefferies upgraded the stock from Underperform to Hold.
Portfolio Pulse from Benzinga Newsdesk
Jefferies has upgraded STMicroelectronics' stock from Underperform to Hold, leading to a rise in the company's shares.
July 12, 2023 | 2:54 pm
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POSITIVE IMPACT
STMicroelectronics' stock has been upgraded by Jefferies from Underperform to Hold, which has resulted in a positive impact on the company's shares.
The upgrade of STMicroelectronics' stock by Jefferies from Underperform to Hold indicates a more positive outlook on the company's performance. This has led to an increase in the company's share price, reflecting the market's positive response to the upgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100