Deutsche Bank Analysts Give STMicroelectronics (EPA:STM) a €20.00 Price Target
Deutsche Bank set a €20.00 ($23.26) target price on STMicroelectronics (EPA:STM) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the semiconductor producer’s stock.
Several other brokerages have also weighed in on STM. 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. Credit Suisse Group reaffirmed a buy rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Bank of America reaffirmed a buy rating and issued a $25.00 target price on shares of Infineon Technologies in a research report on Monday, June 3rd. Finally, Goldman Sachs Group started coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They issued a neutral rating and a $49.00 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of €18.65 ($21.69).
Shares of EPA STM opened at €15.67 ($18.22) on Monday. STMicroelectronics has a 1-year low of €12.40 ($14.42) and a 1-year high of €21.45 ($24.94). The stock has a fifty day moving average of €14.68.
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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