Baird lowered the firm’s price target on STMicroelectronics (STM) to $23 from $30 and keeps a Neutral rating on the shares. The firm said the downcycle is unfolding and inventories remain high.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on STM:
- STMicroelectronics price target lowered to EUR 29 from EUR 30 at JPMorgan
- STMicroelectronics price target lowered to $23 from $25 at TD Cowen
- STMicroelectronics price target lowered to $28 from $33 at Susquehanna
- STMicroelectronics Reports 2024 Financial Performance
- STMicroelectronics Earnings Call: Strategic Moves Amid Challenges