Goldman Sachs Maintains Buy on United Microelectronics, Raises Price Target to $10.2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Bruce Lu maintains a Buy rating on United Microelectronics (NYSE:UMC) and raises the price target from $8.4 to $10.2.
October 26, 2023 | 2:08 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on United Microelectronics and raises the price target, which could lead to a positive market reaction.
The raised price target by Goldman Sachs indicates a positive outlook for United Microelectronics. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100