STMicroelectronics Reports 2024 Second Quarter Financial Results

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Go back to STMicroelectronics Reports 2024 Second Quarter Financial Results

BofA Securities Reiterates Buy Rating on STMicroelectronics (STM)

July 29, 2024 5:42 AM EDT

BofA Securities analyst Didier Scemama reiterated a Buy rating and $46.00 price target on STMicroelectronics (NYSE: STM).

The analyst comments "We discuss in this note what STM management could consider going forward to adjust its cost base to a lower demand environment, less... More

Baird Reiterates Neutral Rating on STMicroelectronics (STM)

July 26, 2024 5:47 AM EDT

Baird analyst Tristen Gerra reiterated a Neutral rating and $35.00 price target on STMicroelectronics (NYSE: STM).

The analyst comments "STMicro further reduced its full-year revenue outlook on incremental weakness in the industrial and automotive end-markets, while guiding gross margin to a... More