STMicroelectronics NV (0INB) Gets a Hold from J.P. Morgan
In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Hold rating on STMicroelectronics NV, with a price target of €48.00.
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According to TipRanks, Deshpande is a 5-star analyst with an average return of 15.9% and a 58.64% success rate. Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and Nokia.
In addition to J.P. Morgan, STMicroelectronics NV also received a Hold from Goldman Sachs’s Alexander Duval in a report issued today. However, on the same day, Berenberg Bank maintained a Buy rating on STMicroelectronics NV (LSE: 0INB).
0INB market cap is currently €38.71B and has a P/E ratio of 223.04.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0INB in relation to earlier this year.
Read More on GB:0INB:
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- STMicroelectronics price target raised to EUR 52 from EUR 31 at Citi
- STMicroelectronics price target raised to $60 from $55 at Susquehanna
- STMicroelectronics price target raised to $50 from $39 at TD Cowen
- STMicroelectronics price target raised to $90 from $45 at Baird
- Balancing Improving Growth Drivers Against Margin Constraints: Rationale for Maintaining a Hold Rating
