Stifel upgraded U-Blox (UBLXF) to Buy from Hold with a price target of CHF 100, up from CHF 67. The firm believes the company’s transition from a cash-burning business to a high cash generator is being overlooked by investors. The analyst expects U-Blox’s free cash flow and investor sentiment to change over the next 12 months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBLXF: