Bernstein Maintains Outperform on STMicroelectronics, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Sara Russo maintains an Outperform rating on STMicroelectronics (NYSE:STM) but lowers the price target from $54 to $41.
July 30, 2024 | 4:34 pm
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Bernstein analyst Sara Russo maintains an Outperform rating on STMicroelectronics but lowers the price target from $54 to $41.
The Outperform rating suggests continued confidence in STM's performance, but the lowered price target indicates a more cautious outlook on its short-term valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100