ubs maintains buy rating for stmicroelectronics with target of 38 euros

STMicroelectronics has been given a 'Buy' rating by UBS, with a price target of 38 euros. Analyst Francois-Xavier Bouvignies has noted that the share price trend may be affected by significant correction risks related to expectations for 2025.

The recent improvement in the operating result is primarily due to cost-cutting measures rather than a fundamental improvement in business performance. This assessment is based on the latest financial figures released by the company.

The original study was published on October 31, 2024, at 07:20 GMT, providing insights into the current market outlook for STMicroelectronics.

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