STMicroelectronics (STM) Given a €20.00 Price Target by Deutsche Bank Analysts

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STMicroelectronics (EPA:STM) received a €20.00 ($23.26) price target from equities research analysts at Deutsche Bank in a research note issued to investors on Tuesday, October 2nd. The brokerage presently has a “buy” rating on the semiconductor producer’s stock. Deutsche Bank’s target price points to a potential upside of 0.65% from the company’s current price.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. set a €23.00 ($26.74) price target on STMicroelectronics and gave the stock a “buy” rating in a report on Wednesday, September 5th. Goldman Sachs Group set a €21.50 ($25.00) price target on STMicroelectronics and gave the stock a “neutral” rating in a report on Monday, August 20th. UBS Group set a €16.50 ($19.19) price target on STMicroelectronics and gave the stock a “sell” rating in a report on Friday, August 17th. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a report on Monday, August 13th. Finally, Baader Bank set a €20.50 ($23.84) price target on STMicroelectronics and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. STMicroelectronics has an average rating of “Hold” and an average price target of €20.98 ($24.39).

Shares of STM stock traded up €0.08 ($0.09) during trading hours on Tuesday, reaching €19.87 ($23.10). 1,220,000 shares of the company traded hands, compared to its average volume of 2,270,000. STMicroelectronics has a 12-month low of €12.40 ($14.42) and a 12-month high of €21.45 ($24.94).

About STMicroelectronics

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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Analyst Recommendations for STMicroelectronics (EPA:STM)

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