STMicro: Liberum a buyer before results.
(CercleFinance.com) - Liberum reiterates its "buy" rating on STMicroelectronics, along with its target price of 18 euros, judging the semiconductor manufacturer's valuation as attractive after the share price's recent fall.
The broker expects the group to meet or exceed expectations when it publishes its Q2 results, due out on 26 July, and that its forecast of a gross margin for Q3 exceeds market expectations.
“STM's revenues in H2'17 are expected to grow at over 16% YoY due to the ramp of a number of new products including 3D sensor components for the iPhone 8 and SiC MOSFETs for the Tesla 3,” it continues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker expects the group to meet or exceed expectations when it publishes its Q2 results, due out on 26 July, and that its forecast of a gross margin for Q3 exceeds market expectations.
“STM's revenues in H2'17 are expected to grow at over 16% YoY due to the ramp of a number of new products including 3D sensor components for the iPhone 8 and SiC MOSFETs for the Tesla 3,” it continues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.