STMicroelectronics (STM) PT Set at €27.00 by Credit Suisse Group

Credit Suisse Group set a €27.00 ($31.40) price target on STMicroelectronics (EPA:STM) in a report issued on Wednesday. The brokerage currently has a buy rating on the semiconductor producer’s stock.

Several other research analysts also recently commented on STM. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on shares of STMicroelectronics and gave the stock a buy rating in a research note on Monday, July 23rd. Societe Generale reaffirmed a buy rating on shares of STMicroelectronics in a research note on Tuesday, July 24th. Baader Bank set a €20.50 ($23.84) price target on shares of STMicroelectronics and gave the stock a neutral rating in a research note on Wednesday, July 25th. Goldman Sachs Group set a €21.50 ($25.00) price target on shares of STMicroelectronics and gave the stock a neutral rating in a research note on Wednesday, July 25th. Finally, Deutsche Bank reaffirmed a neutral rating on shares of STMicroelectronics in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. STMicroelectronics currently has an average rating of Hold and an average target price of €20.97 ($24.39).

STM stock opened at €19.87 ($23.10) on Wednesday. STMicroelectronics has a 12 month low of €12.40 ($14.42) and a 12 month high of €21.45 ($24.94).



STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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