TD Cowen analyst Matthew Ramsay lowered the firm’s price target on STMicroelectronics to $50 from $55 and keeps an Outperform rating on the shares. The firm said better than feared results drove the shares higher post-print. as Auto remains a bright spot, helping offset weakening Asia industrial demand and well-documented consumer softness.
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Read More on STM:
- STMicroelectronics price target lowered to $50 from $62 at Craig-Hallum
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