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In a report released yesterday, Francois Xavier Bouvignies from UBS maintained a Buy rating on STMicroelectronics NV.
Francois Xavier Bouvignies from UBS maintained a Buy rating on STMicroelectronics NV.
KEY POINTS
- STMicroelectronics NV reported a GAAP net loss of €22.21 million last quarter.
- Despite higher revenue, the company shifted from a €341 million profit to a net loss year-over-year.
- Corporate insider sentiment is negative, with increased insider selling in the past quarter.
- Jefferies recently assigned a Buy rating with a €35.00 price target for the stock.
COMPANIES
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