STMicro: Bryan Garnier maintains buy rating.
(CercleFinance.com) - Bryan Garnier reiterates its "buy" rating on the STMicroelectronics stock, along with its fair value of 16.
5 euros, in a sector note about European semiconductor manufacturers.
"In Q2, average sales growth in our coverage was 16.4%. However, stock performances remained muted after the publications due to cautious comments regarding H2 2017," the broker says.
In this context, the broker said it prefers Dialog and STMicroelectronics, which it says are the best placed to benefit from the expected rebound of the smartphone market in the second half.
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.
5 euros, in a sector note about European semiconductor manufacturers.
"In Q2, average sales growth in our coverage was 16.4%. However, stock performances remained muted after the publications due to cautious comments regarding H2 2017," the broker says.
In this context, the broker said it prefers Dialog and STMicroelectronics, which it says are the best placed to benefit from the expected rebound of the smartphone market in the second half.
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.