Craig-Hallum Maintains Buy on STMicroelectronics, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on STMicroelectronics (NYSE:STM) but lowers the price target from $48 to $42.

July 25, 2024 | 4:05 pm
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Craig-Hallum analyst Anthony Stoss maintains a Buy rating on STMicroelectronics (NYSE:STM) but lowers the price target from $48 to $42.
The maintained Buy rating suggests continued confidence in the stock's potential, but the lowered price target indicates a more cautious outlook on its near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100