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STMicroelectronics NV (0INB): New Buy Recommendation for This Technology Giant

Tipranks - Tipranks - Wed Mar 11, 8:50AM CDT

In a report released today, Johannes Schaller CFA from Deutsche Bank maintained a Buy rating on STMicroelectronics NV, with a price target of €32.00.

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Schaller CFA covers the Technology sector, focusing on stocks such as Sage Group plc, SAP SE, and Infineon Technologies AG. According to TipRanks, Schaller CFA has an average return of 3.7% and a 49.68% success rate on recommended stocks.

In addition to Deutsche Bank , STMicroelectronics NV also received a Buy from Jefferies’s Janardan Menon in a report issued today. However, on the same day, Bank of America Securities maintained a Hold rating on STMicroelectronics NV (LSE: 0INB).

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0INB market cap is currently €24.69B and has a P/E ratio of 133.49.

Based on the recent corporate insider activity of 66 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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