STMicroelectronics shares extend fall after Morgan Stanley downgrade

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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