HSBC upgraded UMC to Hold from Reduce with a price target of $9.93, up from $6.29.
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Read More on UMC:
- Intel (NASDAQ:INTC) Teams Up with UMC to Develop New Semiconductor Platform
- UMC downgraded to Neutral at Goldman Sachs on pricing pressures
- UMC downgraded to Neutral from Buy at Goldman Sachs
- United Microelectronics’ (NYSE:UMC) Top Line Declined by ~19% in December
- UMC reports December revenue NT$16.98M, down 18.94%
