Embattled Chip Stock Pops on Jefferies Upgrade
Portfolio Pulse from
STMicroelectronics NV (NYSE:STM) saw a 5.2% increase in its stock price following an upgrade from Jefferies, which raised its rating to 'buy' from 'hold' and increased the price target to €34 from €23.
February 19, 2025 | 4:15 pm
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STMicroelectronics NV's stock price increased by 5.2% after Jefferies upgraded its rating to 'buy' and raised the price target to €34.
The upgrade from Jefferies to 'buy' and the significant increase in the price target to €34 from €23 is a strong positive signal for investors, likely leading to increased buying interest and a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100