STMicroelectronics has been given a "Buy" rating by UBS, with a target price of 34 euros. Analyst Francois-Xavier Bouvignies has expressed confidence in the company's strategic direction, citing the credibility of the medium-term targets announced during the recent capital market day.
The focus remains on the need for a short-term business recovery, indicating that immediate performance will be closely monitored.
The analysis was published on November 20, 2024, reflecting UBS's commitment to tracking developments in the semiconductor sector.