STMicro: Liberum maintains 'buy' rating
(CercleFinance.com) - Liberum maintains its "buy" recommendation on the STMicroelectronics share, along with its target price of 23 euros, expecting that the Franco-Italian semiconductors group will post growth in excess of its sector, while reporting increasing profitability.
The broker points out "We believe this reflects the strength of STM's R&D engine, particularly in terms of its agility in entering new product segments and gaining major design wins".
"This ability, along with the company's 60% exposure to the automotive and industrial markets, is not adequately reflected in its valuations in our view," Liberum continues, remaining "strong buyers" of the share.
Copyright (c) 2019 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 points out "We believe this reflects the strength of STM's R&D engine, particularly in terms of its agility in entering new product segments and gaining major design wins".
"This ability, along with the company's 60% exposure to the automotive and industrial markets, is not adequately reflected in its valuations in our view," Liberum continues, remaining "strong buyers" of the share.
Copyright (c) 2019 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.