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Jefferies Remains a Buy on STMicroelectronics NV (0INB)

Tipranks - Tipranks - Fri Jul 3, 7:34AM CDT

Jefferies analyst Janardan Menon maintained a Buy rating on STMicroelectronics NV today and set a price target of €82.00.

4th of July Sale - 70% Off

According to TipRanks, Menon is a 5-star analyst with an average return of 24.2% and a 62.15% success rate.

In addition to Jefferies, STMicroelectronics NV also received a Buy from UBS’s Francois Xavier Bouvignies in a report issued today. However, on June 29, Barclays upgraded STMicroelectronics NV (LSE: 0INB) to a Hold.

See Insiders’ Hot Stocks on TipRanks >>

0INB market cap is currently €55.65B and has a P/E ratio of 418.09.

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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