STMicroelectronics has received an upgrade in its rating from UBS, who now rates it as a "Buy" with a target price of 34 euros per share.

This upgrade reflects UBS's positive outlook on the company's performance in the market.

Despite this upgrade, there was little reaction in the share price, suggesting that investors may have already factored in the anticipated changes.

UBS's adjustment highlights the continued interest in the semiconductor sector, which plays a crucial role in various technological advancements.