ubs upgrades stmicroelectronics to buy but shares decline

STMicroelectronics has been upgraded to a "Buy" rating by UBS, with a new target price of 34 euros per share. This reflects UBS's positive outlook on the company's performance.

However, despite the upgrade, the share price of STMicroelectronics has declined after the announcement. This suggests that there is a complex relationship between analyst ratings and investor sentiment in the current trading environment.

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