STMicro: upbeat with broker upgrade
Similarly, while lowering its target price from 60 to 55 euros to reflect a lower gross margin expected in the first half of 2024, Stifel reaffirms its 'buy' recommendation, deeming the valuation 'attractive and below the peer average'.
We would use any pronounced weakness in the share price around the time of the fourth-quarter publication at the end of January to take positions", says the broker, who leaves his long-term growth vision unchanged.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction