Oddo Bhf set a €22.00 ($25.58) price target on STMicroelectronics (EPA:STM) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
A number of other equities research analysts have also issued reports on STM. Credit Suisse Group reaffirmed a buy rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Barclays reaffirmed a hold rating on shares of Mettler-Toledo International in a research report on Wednesday, May 15th. Morgan Stanley reaffirmed an overweight rating on shares of in a research report on Wednesday, June 19th. JPMorgan Chase & Co. reissued an overweight rating on shares of in a research report on Friday, June 28th. Finally, Goldman Sachs Group started coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They set a neutral rating and a $49.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of €18.65 ($21.69).
Shares of STMicroelectronics stock opened at €15.83 ($18.40) on Thursday. The stock’s fifty day moving average is €14.72. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month high of €21.45 ($24.94).
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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