UBS has given STMicroelectronics a "Buy" rating and a target price of 34 euros. Analyst Francois-Xavier Bouvignies praised the credibility of the company's medium-term targets announced during the recent capital market day.
The focus, however, remains on the expected short-term recovery of the business. STMicroelectronics is currently navigating the market landscape, with investors closely monitoring its performance for signs of improvement.
The bank's endorsement reflects confidence in the company's strategic direction and growth potential in the semiconductor sector.