GFS downgraded at Morgan Stanley on potential pricing pressure from TSMC, China

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Go back to GFS downgraded at Morgan Stanley on potential pricing pressure from TSMC, China

United Microelectronics Corp (2303:TT) (UMC) PT Lowered to NT$56 at BofA Securities

October 30, 2024 12:01 PM EDT

BofA Securities analyst Brad Lin lowered the price target on United Microelectronics Corp (2303:TT) (NYSE: UMC) to NT$56.00 (from NT$60.00) while maintaining a Buy rating.

The analyst comments "We trim our PO to NT$56 from NT$60 and 2024-26E estimates by... More

JPMorgan Downgrades United Microelectronics Corp (2303:TT) (UMC) to Neutral

October 30, 2024 12:01 PM EDT

JPMorgan analyst Gokul Hariharan downgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Overweight to Neutral with a price target of NT$44.00 (from NT$62.00).

The analyst comments "We downgrade UMC to Neutral with a Jun-25 PT of NT$44, as the cyclical recovery in semis is getting pushed... More