UBS Remains a Buy on STMicroelectronics NV (0INB)
In a report released today, Francois Xavier Bouvignies from UBS maintained a Buy rating on STMicroelectronics NV, with a price target of €49.00.
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According to TipRanks, Xavier Bouvignies is a 5-star analyst with an average return of 14.3% and a 60.69% success rate.
In addition to UBS, STMicroelectronics NV also received a Buy from Citi’s Andrew Gardiner in a report issued on April 27. However, yesterday, Bank of America Securities reiterated a Hold rating on STMicroelectronics NV (LSE: 0INB).
0INB market cap is currently €41.91B and has a P/E ratio of 223.04.
Based on the recent corporate insider activity of 72 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 49 from EUR 42 at BofA
- Didier Scemama Maintains Hold on STM, Lifts Price Target to €49 on Long-Term LEO Upside but Limited Near-Term Valuation Upside
- Analyst Reiterates Hold on STMicroelectronics, Maintains $50 Price Target Amid Growth and Margin Uncertainties
- Largest borrow rate increases among liquid names
- STMicroelectronics call volume above normal and directionally bullish
