Citi lowered the firm’s price target on STMicroelectronics to EUR 54 and keeps a Buy rating on the shares. While Citi expects Q2 results to be in line with guidance and consensus expectations, the firm sees forward growth expectations declining due to the lack of recovery in STM‘s broad industrial market.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STM:
- STMicroelectronics Advances Share Buyback Plan
- STMicroelectronics Announces Status of Common Share Repurchase Program
- STMicroelectronics Executes Share Buyback Plan
- STMicroelectronics: STMicroelectronics Announces Status of Common Share Repurchase Program
- STMicroelectronics Announces Timing for Second Quarter 2024 Earnings Release and Conference Call