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Goldman Sachs Sticks to Its Hold Rating for STMicroelectronics NV (0INB)

Tipranks - Tipranks - Fri Jun 12, 9:00AM CDT

In a report released yesterday, Alexander Duval from Goldman Sachs maintained a Hold rating on STMicroelectronics NV, with a price target of €58.00. The company’s shares closed yesterday at €61.33.

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According to TipRanks, Duval is ranked #567 out of 12229 analysts.

In addition to Goldman Sachs, STMicroelectronics NV also received a Hold from Bank of America Securities’s Didier Scemama in a report issued on June 2. However, today, Deutsche Bank maintained a Buy rating on STMicroelectronics NV (LSE: 0INB).

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0INB market cap is currently €54.73B and has a P/E ratio of 425.79.

Based on the recent corporate insider activity of 90 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.

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