Baird Downgrades STMicroelectronics to Neutral, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Tristan Gerra has downgraded STMicroelectronics (NYSE:STM) from Outperform to Neutral and lowered the price target from $50 to $35.
October 31, 2023 | 10:20 am
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STMicroelectronics has been downgraded from Outperform to Neutral by Baird, with a lowered price target from $50 to $35.
The downgrade from Baird, a well-respected analyst firm, could negatively impact investor sentiment towards STM. The lowered price target suggests that Baird sees less upside potential in the stock, which could lead to selling pressure.
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