BofA downgraded UMC (UMC) to Underperform from Buy with a price target of NT$37, down from NT$49. The firm is citing the lack of meaningful average selling price increases and pressured margins into 2026-27, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UMC: