STMicroelectronics (STM) Given a €15.00 Price Target at UBS AG

STMicroelectronics (EPA:STM) has been given a €15.00 ($17.44) target price by UBS AG in a note issued to investors on Monday. The firm currently has a “sell” rating on the semiconductor producer’s stock. UBS AG’s price target would indicate a potential downside of 25.26% from the company’s previous close.

Several other research firms have also recently weighed in on STM. Goldman Sachs Group, Inc. (The) set a €17.10 ($19.88) price objective on STMicroelectronics and gave the company a “neutral” rating in a report on Monday, November 6th. J P Morgan Chase & Co set a €16.30 ($18.95) target price on STMicroelectronics and gave the company a “buy” rating in a research report on Friday, September 8th. Deutsche Bank AG set a €14.00 ($16.28) target price on STMicroelectronics and gave the company a “sell” rating in a research report on Friday, October 13th. Citigroup Inc. set a €17.00 ($19.77) target price on STMicroelectronics and gave the company a “neutral” rating in a research report on Monday, October 16th. Finally, S&P Global set a €20.00 ($23.26) target price on STMicroelectronics and gave the company a “neutral” rating in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of €16.56 ($19.26).

STMicroelectronics (EPA STM) opened at €20.07 ($23.34) on Monday. STMicroelectronics has a 1-year low of €8.21 ($9.55) and a 1-year high of €21.45 ($24.94).

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About STMicroelectronics

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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