UMC Reports Fourth Quarter 2024 Results
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Citi Double Downgrades United Microelectronics Corp (2303:TT) (UMC) to Sell
January 21, 2025 12:21 PM ESTCiti analyst Roland Shu downgraded United Microelectronics Corp (2303:TT) (NYSE: UMC) from Buy to Sell with a price target of TWD40.00 (from TWD55.00).
The analyst comments "UMCs 4Q24 net profit of NT$8.5bn (down 41% QoQ, down 36% YoY) was well below Citi and... More
