STMicro: Morgan Stanley raises target price
(CercleFinance.com) - Morgan Stanley has raised its target price for the STMicroelectronics share from 18 euros to 20.
5 euros (+14%), on which it has confirmed a buy rating ("outperform").
According to analysts, the semiconductor specialist is "staying the course" and Q3 should represent the start of delivery on the content story.
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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 (+14%), on which it has confirmed a buy rating ("outperform").
According to analysts, the semiconductor specialist is "staying the course" and Q3 should represent the start of delivery on the content story.
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.