Craig-Hallum Maintains Buy on STMicroelectronics, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on STMicroelectronics (NYSE:STM) but lowers the price target from $42 to $36.
October 31, 2024 | 1:32 pm
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Craig-Hallum maintains a Buy rating on STMicroelectronics but lowers the price target from $42 to $36, indicating a more cautious outlook.
The analyst's decision to maintain a Buy rating suggests continued confidence in STM's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100