TD Cowen Maintains Buy on STMicroelectronics, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Matthew Ramsay maintains a Buy rating on STMicroelectronics (NYSE:STM) but lowers the price target from $50 to $40.
July 26, 2024 | 7:03 pm
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NEUTRAL IMPACT
TD Cowen analyst Matthew Ramsay maintains a Buy rating on STMicroelectronics but lowers the price target from $50 to $40.
The Buy rating suggests continued confidence in the stock, 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